Atria Investments LLC purchased a new stake in shares of Dean Foods Co (NYSE:DF) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 49,573 shares of the company’s stock, valued at approximately $528,000. Atria Investments LLC owned 0.05% of Dean Foods as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Advisory Services Network LLC purchased a new stake in shares of Dean Foods during the 2nd quarter valued at about $26,000. Marshall Wace North America L.P. purchased a new stake in shares of Dean Foods during the 1st quarter valued at about $49,000. Magnus Financial Group LLC purchased a new stake in shares of Dean Foods during the 1st quarter valued at about $55,000. GSA Capital Partners LLP boosted its holdings in shares of Dean Foods by 54.9% in the second quarter. GSA Capital Partners LLP now owns 66,244 shares of the company’s stock worth $61,000 after buying an additional 23,476 shares during the last quarter. Finally, 6 Meridian boosted its holdings in shares of Dean Foods by 15.8% in the second quarter. 6 Meridian now owns 178,023 shares of the company’s stock worth $164,000 after buying an additional 24,279 shares during the last quarter. 87.43% of the stock is owned by institutional investors and hedge funds.
In related news, CEO Eric Beringause acquired 100,000 shares of the stock in a transaction on Friday, August 16th. The shares were acquired at an average price of $0.81 per share, for a total transaction of $81,000.00. Following the transaction, the chief executive officer now owns 100,000 shares in the company, valued at approximately $81,000. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.40% of the company’s stock.
A number of research firms recently issued reports on DF. BMO Capital Markets set a $2.00 price objective on shares of Dean Foods and gave the stock a “hold” rating in a report on Wednesday, August 7th. ValuEngine cut shares of Dean Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, September 4th. One analyst has rated the stock with a sell rating and six have given a hold rating to the company. The stock has an average rating of “Hold” and an average price target of $4.00.
Shares of DF traded down $0.20 during trading hours on Friday, reaching $1.65. 100,018 shares of the company traded hands, compared to its average volume of 2,893,688. The firm has a market cap of $148.86 million, a price-to-earnings ratio of -3.40 and a beta of 0.44. The company has a current ratio of 1.15, a quick ratio of 0.77 and a debt-to-equity ratio of 6.18. The stock’s fifty day moving average price is $1.15 and its 200 day moving average price is $1.74. Dean Foods Co has a 12-month low of $0.72 and a 12-month high of $8.15.
Dean Foods (NYSE:DF) last announced its earnings results on Tuesday, August 6th. The company reported ($0.36) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.09) by ($0.27). Dean Foods had a negative return on equity of 41.64% and a negative net margin of 5.53%. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.88 billion. During the same quarter in the prior year, the firm posted $0.16 earnings per share. The business’s revenue for the quarter was down 5.5% compared to the same quarter last year. On average, research analysts forecast that Dean Foods Co will post -1.23 earnings per share for the current year.
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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