Sei Investments Co. Increases Stake in Dean Foods Co (DF)

Sei Investments Co. Increases Stake in Dean Foods Co (DF)

Several other hedge funds and other institutional investors have also recently bought and sold shares of DF. Capstone Asset Management Co. increased its position in Dean Foods by 0.8% in the first quarter. Capstone Asset Management Co. now owns 14,220 shares of the company’s stock valued at $280,000 after buying an additional 110 shares during the last quarter. Envestnet Asset Management Inc. increased its position in Dean Foods by 2.7% in the fourth quarter. Envestnet Asset Management Inc. now owns 5,548 shares of the company’s stock valued at $120,000 after buying an additional 145 shares during the last quarter. Gamco Investors INC. ET AL increased its position in Dean Foods by 1.9% in the first quarter. Gamco Investors INC. ET AL now owns 14,437 shares of the company’s stock valued at $284,000 after buying an additional 264 shares during the last quarter. Oregon Public Employees Retirement Fund increased its position in Dean Foods by 1.3% in the first quarter. Oregon Public Employees Retirement Fund now owns 31,665 shares of the company’s stock valued at $623,000 after buying an additional 400 shares during the last quarter. Finally, Louisiana State Employees Retirement System increased its position in Dean Foods by 2.2% in the first quarter. Louisiana State Employees Retirement System now owns 22,900 shares of the company’s stock valued at $450,000 after buying an additional 500 shares during the last quarter.

Sei Investments Co. boosted its stake in Dean Foods Co (NYSE:DF) by 1.9% during the first quarter, Holdings Channel reports. The fund owned 239,808 shares of the company’s stock after buying an additional 4,492 shares during the period. Sei Investments Co.’s holdings in Dean Foods were worth $4,715,000 at the end of the most recent reporting period.

Shares of Dean Foods Co (NYSE DF) opened at 18.42 on Tuesday. The stock has a market cap of $1.67 billion, a PE ratio of 23.83 and a beta of 0.28. The firm has a 50 day moving average price of $19.19 and a 200 day moving average price of $19.71. Dean Foods Co has a 12-month low of $15.69 and a 12-month high of $22.31.

Dean Foods (NYSE:DF) last posted its earnings results on Tuesday, May 9th. The company reported $0.13 EPS for the quarter, missing analysts’ consensus estimates of $0.17 by $0.04. The firm had revenue of $2 billion during the quarter, compared to analysts’ expectations of $1.96 billion. Dean Foods had a return on equity of 24.87% and a net margin of 1.37%. Dean Foods’s quarterly revenue was up 6.2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.45 earnings per share. On average, equities analysts expect that Dean Foods Co will post $1.36 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Thursday, June 1st. Investors of record on Monday, May 22nd will be given a $0.09 dividend. The ex-dividend date is Thursday, May 18th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.95%. Dean Foods’s dividend payout ratio is currently 31.30%.

Several research analysts have recently weighed in on the company. TheStreet downgraded Dean Foods from a “b” rating to a “c+” rating in a research note on Tuesday, May 9th. Zacks Investment Research downgraded Dean Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, May 17th. Jefferies Group LLC reiterated a “buy” rating and set a $24.00 price target on shares of Dean Foods in a research note on Wednesday, April 26th. JPMorgan Chase & Co. upgraded Dean Foods from a “neutral” rating to an “overweight” rating and set a $22.00 price target for the company in a research note on Friday, March 17th. Finally, Morgan Stanley upgraded Dean Foods from a “neutral” rating to an “overweight” rating in a research note on Friday, March 17th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $23.00.

In related news, Director J Wayne Mailloux sold 3,033 shares of the business’s stock in a transaction dated Wednesday, May 3rd. The stock was sold at an average price of $19.31, for a total value of $58,567.23. Following the sale, the director now directly owns 98,384 shares in the company, valued at $1,899,795.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 9,099 shares of company stock worth $174,428 over the last quarter. 2.30% of the stock is owned by company insiders.

About Dean Foods

Dean Foods Company 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 engaged in manufacturing, marketing, selling and distributing a range of branded and private label dairy and dairy case products. It 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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “DF”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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