Dean Foods Company (NYSE:DF).
On December 2, 2016 KeyBanc starting coverage on the stock giving it an initial rating of “Sector Weight”. On February 23, 2016 the stock rating was rated “Hold” according to a BB&T Capital report which was a cut from the previous “Buy” rating.
February 23 investment analysts at Deutsche Bank kept the stock rating at “Buy” but raised the price expectation from $21.00 to $23.00. On February 10 the company was changed to a “Outperform” in a report from Bernstein which is up from the previous “Market Perform” rating.
On February 10 the stock rating was upgraded to “Buy” from “Hold” in an announcement from BB&T Capital.
The company is trading down by -3.69 percent from yesterday’s close. Dean Foods Company also recently declared a dividend for shareholders paid on Thursday June 1st, 2017. The dividend was $0.090 per share for the quarter or $0.36 on an annualized basis. This dividend represents a yeild of $2.22 which is the dividend as a percentage of the current share price. The ex-dividend date was Thursday the 18th of May 2017.
Company shares last traded at $15.39 which is a tad under the 50 day moving average which is $18.15 and a bit lower than the 200 day moving average of $19.42. The 50 day moving average was down $-2.76 or -15.178% and the 200 day average went down by -20.713%.
Dean Foods Company, launched on September 19, 1994, is a food and beverage company. The Company processes and distributes fluid milk, and other dairy and dairy case products in the United States. It is involved in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. The Company offers branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and governmental entities across the United States. It also offers juices, teas and bottled water. As of December 31, 2016, the Company operated 66 manufacturing facilities in 32 states..
The company’s P/E ratio is 19.916 and market cap is 1.40B. In the latest earnings report the EPS was $0.77 and is projected to be $1.36 for the current year with 90,881,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.45 with next year’s EPS projected to be $1.46.