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.
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.
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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.
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