Los Angeles Capital Management & Equity Research Inc. Sells 84,810 Shares of Dean Foods Co (DF)

Los Angeles Capital Management & Equity Research Inc. lowered its stake in Dean Foods Co (NYSE:DF) by 44.5% in the 1st quarter, Holdings Channel reports. The firm owned 105,609 shares of the company’s stock after selling 84,810 shares during the period. Los Angeles Capital Management & Equity Research Inc.’s holdings in Dean Foods were worth $320,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in the business. Texas Permanent School Fund increased its stake in shares of Dean Foods by 4.0% during the fourth quarter. Texas Permanent School Fund now owns 59,812 shares of the company’s stock valued at $228,000 after buying an additional 2,319 shares during the period. NumerixS Investment Technologies Inc increased its stake in shares of Dean Foods by 14.3% during the fourth quarter. NumerixS Investment Technologies Inc now owns 24,000 shares of the company’s stock valued at $92,000 after buying an additional 3,000 shares during the period. D. E. Shaw & Co. Inc. increased its stake in shares of Dean Foods by 0.8% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 426,091 shares of the company’s stock valued at $1,623,000 after buying an additional 3,185 shares during the period. Principal Financial Group Inc. grew its stake in Dean Foods by 0.5% in the fourth quarter. Principal Financial Group Inc. now owns 752,525 shares of the company’s stock worth $2,867,000 after purchasing an additional 3,566 shares during the period. Finally, Two Sigma Advisers LP grew its stake in Dean Foods by 1.0% in the fourth quarter. Two Sigma Advisers LP now owns 412,150 shares of the company’s stock worth $1,570,000 after purchasing an additional 4,219 shares during the period. Hedge funds and other institutional investors own 89.95% of the company’s stock.

Several equities research analysts recently weighed in on DF shares. JPMorgan Chase & Co. raised Dean Foods from an “underweight” rating to a “neutral” rating in a research note on Friday, March 8th. Zacks Investment Research raised Dean Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, April 30th. Credit Suisse Group set a $3.00 price target on Dean Foods and gave the stock a “sell” rating in a research note on Thursday, February 28th. Finally, BMO Capital Markets reduced their price target on Dean Foods from $7.00 to $5.00 and set a “market perform” rating on the stock in a research note on Thursday, February 28th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $6.00.

Shares of DF stock opened at $1.87 on Wednesday. Dean Foods Co has a twelve month low of $1.45 and a twelve month high of $11.14. The company has a current ratio of 1.22, a quick ratio of 0.84 and a debt-to-equity ratio of 4.86.

Dean Foods (NYSE:DF) last issued its quarterly earnings results on Tuesday, May 7th. The company reported ($0.41) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.22) by ($0.19). The firm had revenue of $1.80 billion during the quarter, compared to analysts’ expectations of $1.90 billion. Dean Foods had a negative return on equity of 21.02% and a negative net margin of 5.13%. Dean Foods’s revenue for the quarter was down 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.14 earnings per share. On average, equities research analysts predict that Dean Foods Co will post -0.6 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “Los Angeles Capital Management & Equity Research Inc. Sells 84,810 Shares of Dean Foods Co (DF)” was first posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are viewing this story on another site, it was copied illegally and reposted in violation of international copyright and trademark laws. The correct version of this story can be viewed at https://www.baseballdailydigest.com/news/2019/05/15/los-angeles-capital-management-equity-research-inc-sells-84810-shares-of-dean-foods-co-df.html.

Dean Foods Company Profile

Dean Foods Co engages in the manufacture, sale and direct-to-store distribution of fluid milk and other dairy & dairy case products. Its portfolio include the DairyPure and TruMoo brands, along with other regional dairy brands such as Alta Dena, Berkeley Farms, Country Fresh, Dean’s, Friendly’s, Garelick Farms, LAND O LAKES milk and cultured products, Lehigh Valley Dairy Farms, Mayfield, McArthur, Meadow Gold, Oak Farms, PET, T.G.

Recommended Story: How is an ETF different from a mutual fund?

Want to see what other hedge funds are holding DF? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Dean Foods Co (NYSE:DF).

Institutional Ownership by Quarter for Dean Foods (NYSE:DF)

Receive News & Ratings for Dean Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dean Foods and related companies with MarketBeat.com's FREE daily email newsletter.