The Sanford C. Bernstein Downgrades Dean Foods Co. (DF) to Market Perform

The Sanford C. Bernstein Downgrades Dean Foods Co. (DF) to Market Perform

Dean Foods Co. (NYSE:DF) was downgraded by research analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research report issued on Thursday. They presently have a $22.00 target price on the stock. Sanford C. Bernstein’s price objective suggests a potential upside of 3.24% from the stock’s previous close.

DF has been the topic of a number of other reports. KeyCorp assumed coverage on shares of Dean Foods in a research report on Thursday, December 1st. They issued a “sector weight” rating on the stock. TheStreet raised shares of Dean Foods from a “hold” rating to a “buy” rating in a research report on Monday, November 14th. DA Davidson reaffirmed a “hold” rating on shares of Dean Foods in a research report on Tuesday, November 8th. Zacks Investment Research downgraded shares of Dean Foods from a “buy” rating to a “hold” rating in a research report on Tuesday, January 10th. Finally, Deutsche Bank AG reaffirmed a “buy” rating on shares of Dean Foods in a research report on Wednesday, November 2nd. Two analysts have rated the stock with a sell rating, six have given a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $21.38.

Shares of Dean Foods (NYSE:DF) opened at 21.31 on Thursday. The firm has a 50-day moving average of $21.04 and a 200 day moving average of $18.47. Dean Foods has a 12 month low of $15.69 and a 12 month high of $22.31. The company has a market cap of $1.93 billion, a price-to-earnings ratio of 18.48 and a beta of 0.26.

Dean Foods (NYSE:DF) last released its earnings results on Monday, November 7th. The company reported $0.37 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.01. The firm had revenue of $1.96 billion for the quarter, compared to the consensus estimate of $2.63 billion. Dean Foods had a net margin of 1.37% and a return on equity of 24.87%. The company’s revenue was down 3.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.30 EPS. On average, analysts expect that Dean Foods will post $1.61 earnings per share for the current year.

In other Dean Foods news, Director J Wayne Mailloux sold 5,886 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The shares were sold at an average price of $20.00, for a total transaction of $117,720.00. Following the sale, the director now owns 101,944 shares in the company, valued at approximately $2,038,880. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP Scott K. Vopni sold 33,105 shares of the firm’s stock in a transaction that occurred on Monday, November 21st. The stock was sold at an average price of $19.75, for a total transaction of $653,823.75. Following the sale, the senior vice president now owns 24,509 shares in the company, valued at approximately $484,052.75. The disclosure for this sale can be found here. Insiders own 2.30% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in DF. BlackRock Japan Co. Ltd boosted its stake in Dean Foods by 158.0% in the third quarter. BlackRock Japan Co. Ltd now owns 7,735 shares of the company’s stock worth $127,000 after buying an additional 4,737 shares during the last quarter. Public Employees Retirement System of Ohio boosted its stake in Dean Foods by 17.0% in the second quarter. Public Employees Retirement System of Ohio now owns 7,616 shares of the company’s stock worth $138,000 after buying an additional 1,104 shares during the last quarter. Janney Montgomery Scott LLC purchased a new stake in Dean Foods during the second quarter worth approximately $174,000. First Allied Advisory Services Inc. purchased a new stake in Dean Foods during the second quarter worth approximately $182,000. Finally, Parkwood LLC purchased a new stake in Dean Foods during the second quarter worth approximately $194,000.

About Dean Foods

Dean Foods Company is a food and beverage company. The Company processes and distributes fluid milk and other dairy case products in the United States. The Company operates through manufacturing, marketing, selling and distributing a wide variety of branded and private label dairy case product segment.

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