Silver Rock Financial Exits Position in Dean Foods Co (DF)

Dean Foods Co (DF) : Silver Rock Financial has sold out all of its stake in Dean Foods Co during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 50,000 shares of Dean Foods Co which is valued at $873,500.

Other Hedge Funds, Including , Millennium Management boosted its stake in DF in the latest quarter, The investment management firm added 1,110,527 additional shares and now holds a total of 2,672,395 shares of Dean Foods Co which is valued at $46,686,741. Dean Foods Co makes up approx 0.12% of Millennium Management’s portfolio.Raymond James Associates reduced its stake in DF by selling 3,777 shares or 26.69% in the most recent quarter. The Hedge Fund company now holds 10,373 shares of DF which is valued at $181,216. Dynamic Technology Lab Private Ltd added DF to its portfolio by purchasing 26,860 company shares during the most recent quarter which is valued at $469,244. Dean Foods Co makes up approx 0.12% of Dynamic Technology Lab Private Ltd’s portfolio.State Treasurer State Of Michigan boosted its stake in DF in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 36,850 shares of Dean Foods Co which is valued at $681,725. Dean Foods Co makes up approx 0.01% of State Treasurer State Of Michigan’s portfolio.

Dean Foods Co closed down -0.16 points or -0.93% at $17.05 with 15,77,135 shares getting traded on Thursday. Post opening the session at $17.12, the shares hit an intraday low of $16.955 and an intraday high of $17.2 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Dean Foods Co reported $0.38 EPS for the quarter, missing the analyst consensus estimate by $ -0.02 based on the information available during the earnings call on Aug 8, 2016. Analyst had a consensus of $0.40. The company had revenue of $1848.80 million for the quarter, compared to analysts expectations of $1847.15 million. The company’s revenue was down -8.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.33 EPS.

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. It manufactures 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. The Company delivers its products to customer locations in refrigerated trucks or trailers that it owns or leases. Its products are sold on a local or regional basis through local and regional sales forces. The Company operates approximately 68 manufacturing facilities in 32 states located based on customer needs and other market factors with distribution capabilities across 50 states. Its portfolio of brands include TruMoo Alta Dena Berkeley Farms Country Fresh and Dean’s among others.

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