In the market the company is trading down by -3.07 percent from yesterday’s close. It is currently trading at $15.49 a bit lower than $18.15, the 50 day moving average and which is marginally under the 200 day moving average of $19.42. The 50 day moving average went down by -14.21% whereas the 200 day moving average was down $-3.85 or -19.81%.
Here is the rundown on market activity for Dean Foods Company (NYSE:DF). J. Wayne Mailloux, Director sold $58,567 worth of shares at an average price of $19.31 on May 3rd. The Director now owns $1,899,795 of the stock per an SEC filing yesterday. Director J. Wayne Mailloux sold 3,033 shares at a price of $18.50 on Wed the 15th. That brings the Director’s holdings to $1,889,590 as reported to the SEC.
Director J. Wayne Mailloux sold 5,886 shares at an average price of $20.50 on Tue the 29th. Mailloux now owns $1,969,189 of stock as recorded in a recent Form 4 SEC filing.
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 following firms have also recently changed their position in DF. Capstone Asset Management Co grew its holdings by buying 100 shares an increase of 0.7%. Capstone Asset Management Co claims 14,320 shares valued at $243,000. The value of the position overall is down by 13.2%. As of quarter end Smith, Graham & Co., Investment Advisors, Lp had sold a total of 22,820 shares trimming its holdings by 5.2%. The value of the company’s investment in Dean Foods Company went from $8,686,000 to $7,123,000 a change of $1,563,000 for the reporting period.
As of the end of the quarter Baird Financial Group, Inc. had acquired 44,775 shares growing its position 103.4%. The value in dollars increased from $944,000 to $1,732,000 a change of 83.5% since the last quarter. Morgan Stanley augmented its ownership by buying 1,090 shares an increase of 25.3% from 12/31/2016 to 03/31/2017. Morgan Stanley now holds 5,392 shares with a value of $106,000. The total value of its holdings increased 12.8%.
On December 2 analysts at KeyBanc began coverage of the stock setting a rating of “Sector Weight”. February 23 investment analysts at Deutsche Bank made no change to the stock rating of “Buy” but moved up the price target from $21.00 to $23.00.
On February 23 the stock rating was downgraded from “Buy” to “Hold” in a statement from BB&T Capital. On February 10 the company was upgraded to “Buy” from “Hold” by BB&T Capital.
Bernstein upgraded the stock and raised the price target on February 10 changing the price objective from $21.00 to $25.00 and setting the rating at “Outperform” which had previously been “Market Perform”. On February 10 Deutsche Bank maintained a stock rating of “Hold” but raised the price expectation to $22.00 from $21.00.
Dean Foods Company also announced a dividend for shareholders which was paid on Thursday June 1st, 2017. The dividend was $0.090 per share for the quarter which comes to $0.36 on an annualized basis. This dividend amount represented a yeild of $2.22. The ex-dividend date was Thursday the 18th of May 2017.
The company currently has a P/E ratio of 20.14 and market capitalization is 1.42B. In the last earnings report the EPS was $0.77 and is estimated to be $1.36 for the current year with 90,881,000 shares currently outstanding. Next quarter’s EPS is forecasted at $0.45 with next year’s EPS projected to be $1.46.