Spark Investment Management LLC Buys 575,000 Shares of Dean Foods Co (DF)

Spark Investment Management LLC lifted its stake in shares of Dean Foods Co (NYSE:DF) by 270.2% during the first quarter, HoldingsChannel.com reports. The fund owned 787,800 shares of the company’s stock after acquiring an additional 575,000 shares during the period. Spark Investment Management LLC’s holdings in Dean Foods were worth $2,387,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Quinn Opportunity Partners LLC purchased a new position in shares of Dean Foods in the 1st quarter valued at $1,901,000. Systematic Financial Management LP increased its stake in Dean Foods by 20.6% during the 1st quarter. Systematic Financial Management LP now owns 326,715 shares of the company’s stock worth $990,000 after buying an additional 55,820 shares during the period. South Dakota Investment Council increased its stake in Dean Foods by 473.8% during the 1st quarter. South Dakota Investment Council now owns 646,110 shares of the company’s stock worth $1,958,000 after buying an additional 533,510 shares during the period. SG Americas Securities LLC increased its stake in Dean Foods by 771.5% during the 1st quarter. SG Americas Securities LLC now owns 120,812 shares of the company’s stock worth $366,000 after buying an additional 106,950 shares during the period. Finally, BNP Paribas Arbitrage SA increased its stake in Dean Foods by 30.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 60,560 shares of the company’s stock worth $183,000 after buying an additional 14,243 shares during the period. 89.95% of the stock is currently owned by institutional investors and hedge funds.

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

DF stock traded down $0.03 during mid-day trading on Monday, hitting $1.57. 34,121 shares of the company were exchanged, compared to its average volume of 3,481,401. The firm has a market cap of $139.89 million, a P/E ratio of -3.31 and a beta of 0.21. The company has a debt-to-equity ratio of 4.86, a current ratio of 1.22 and a quick ratio of 0.84. Dean Foods Co has a twelve month low of $1.45 and a twelve month high of $11.14.

Dean Foods (NYSE:DF) last announced its quarterly earnings data 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 company had revenue of $1.80 billion for the quarter, compared to analyst estimates 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 was down 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.14 earnings per share. On average, sell-side analysts expect that Dean Foods Co will post -0.65 EPS for the current year.

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

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