Jefferies: “Time To Buy Dean Foods (NYSE:DF)”


How Jefferies Currently Rates Dean Foods (NYSE:DF)

Jefferies began coverage on Dean Foods (NYSE:DF) shares recently in an interesting research report sent to investors and clients on Wednesday, 16 December. The broker has decided to place a Buy rating on DF stock.

From a total of 8 analysts covering Dean Foods (NYSE:DF) stock, 2 rate it a ”Buy”, 1 a “Sell”, and 8 a ”Hold”. This means that 18% of the ratings are positive. The highest target price is $23 while the lowest target price is $17. The mean of all analyst targets is $20.13 with a 8.74% above today’s ($17.74) stock price. Dean Foods was the topic of 9 analyst reports since July 24, 2015 according to the firm StockzIntelligence Inc. DA Davidson initiated shares on December 11 with “Neutral” rating. Credit Suisse downgraded DF stock in a recent report from November 10 to “Underperform” rating.

Approximately 438,552 shares of stock traded hands. Dean Foods Co (NYSE:DF) has declined 6.14% since May 13, 2015 and is downtrending. It has underperformed by 3.51% the S&P500.

The overall sentiment of institutions has decreased to 1.14 in Q2 2015. Its down 0.30, from 1.44 in 2015Q2. The ratio fall, as 20 institutions have sold all the shares of Dean Foods Co that they owned while 83 funds have taken shares off the table. 24 funds have purchased shares for the first time while 93 added to their positions. These institutions now hold 105.52 million shares or 10.88% more than the 95.17 million shares they owned in 2015Q2.

The Fund Silver Rock Financial Llc currently is holding shares equating to 3.03% of its total portfolio in Dean Foods Co representing a total of 297,000 shares. Another fund,Heartland Advisors Inc, is holding a total of 3.48 million shares equating to 2.1% of their holdings. Additionally, Denver Investment Advisors Llc has a 2.86 million share stake in Dean Foods Co which represents 2.06% of their total portfolio. The Fund, Adirondack Research & Management Inc., based out of New York, has also built up a stake in the stock, which represents a total of 1.62% of their total portfolio. Finally Chubb Corp, a fund which is based in the state of New Jersey reported a total holdings of 1.18 million shares.

Dean Foods Company is a food and beverage company. The company has a market cap of $1.58 billion. The Firm processes and distributes fluid milk and other dairy case products in the United States. It currently has negative earnings. It makes, markets and distributes a variety of branded and private label dairy case products, including fluid milk, ice cream, cultured dairy products, creamers, juice, tea, ice cream mix and other dairy products to retailers, distributors, foodservice outlets, educational institutions and Governmental entities across the United States.

According to Zacks Investment Research, “Dean Foods Company is the nation’s leading processor and distributor of fresh milk and other dairy products, and a leader in the specialty foods industry. The company produces a full line of company-branded and private label dairy products such as milk and milk-based beverages, ice cream, coffee creamers, half and half, whipping cream, whipped toppings, sour cream, cottage cheese, yogurt, dips, dressings and soy milk.”