Morgan Stanley Upgrades Dean Foods Co to Overweight

Brokerage firm Morgan Stanley Upgrades its rating on Dean Foods Co(DF). The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the stock financial advisor at Morgan Stanley was issued on Mar 17, 2017 in a research report to their Investors and Clients.

In a different note, On Feb 28, 2017, Vertical Research said it Upgrades its rating on Dean Foods Co. The shares have been rated ‘Buy’ by the firm. On Jan 19, 2017, Bernstein said it Downgrades its rating on Dean Foods Co. The shares have been rated ‘Market Perform’ by the firm.

Dean Foods Co (DF) shares turned negative on Wednesdays trading session with the shares closing down -0.16 points or -0.83% at a volume of 14,83,336. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $19.26. The peak price level was also seen at $19.26 while the days lowest was $18.94. Finally the shares closed at $19.09. The 52-week high of the shares is $22.31 while the 52-week low is $15.69. According to the latest information available, the market cap of the company is $1,733 M.

Dean Foods Co(DF) last announced its earnings results on Feb 16, 2017 for Fiscal Year 2016 and Q4.Company reported revenue of $2.018B. Analysts had an estimated revenue of $2.010B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Mar 15, 2017, J Wayne Mailloux (director) sold 3,033 shares at $18.50 per share price.Also, On Nov 22, 2016, Scott K Vopni (SVP, Finance & CAO) sold 33,105 shares at $19.79 per share price.On Nov 15, 2016, S. Craig Mccutcheon (SVP, Logistics) sold 4,030 shares at $18.61 per share price, according to the Form-4 filing with the securities and exchange commission.

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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