Wed, Nov. 11, 5:11 PM
Tue, Nov. 10, 7:19 AM
- Credit Suisse downgrades Dean Foods (NYSE:DF) to an Underperform rating after having the stock set at Neutral.
- The investment firm sets a price target of $18 on the meat stock vs. the 52-week trading range of $13.95 to $19.74 and yesterday's close of $19.25.
- Previously: Dean Foods beats by $0.06, misses on revenue (Nov. 09 2015)
- Previously: Dean Foods +7.7% post Q3 results (Nov. 09 2015)
Mon, Nov. 9, 9:14 AM
Mon, Nov. 9, 8:55 AM
- Gross margin rate rose 660 bps to 24.2%.
- SG&A expense rate increased 400 bps to 21.1%.
- Operating margin rate expanded 260 bps to 3%.
- Q4 Guidance: Diluted EPS: $0.28 to $0.38; Total volumes: decline in the low single digits.
- FY2015 Guidance: Diluted EPS: $1.15 to $1.25; Adjusted EBITDA: ~400M; Capex: ~150M.
- DF +7.69% premarket.
Mon, Nov. 9, 8:02 AM
Sun, Nov. 8, 5:30 PM
Thu, Aug. 13, 11:18 AM
- Dean Foods (DF -1.9%) names Jim Turner to be the company's new Chairman of the Board.
- Turner is the owner/CEO of JLT Beverages.
- Former board chief Thomas Davis is reportedly under investigation for passing off insider information.
- Previously: WSJ: Ex-Dean Foods chairman targeted in insider trading probe (Aug. 13 2015)
Thu, Aug. 13, 8:07 AM
- The SEC and U.S. Attorney's Office in Manhattan are investigating if the resigned chairman of Dean Foods (NYSE:DF) tipped off a professional gambler about a corporate spinoff, sources tell the Wall Street Journal.
- Thomas Davis voluntarily stepped down from the Dean Foods board last week.
- Davis was a member of the company's audit, compensation, and executive committees.
Thu, Aug. 13, 6:34 AM
Mon, Aug. 10, 8:51 AM
- Dean Foods (NYSE:DF) reports total volume fell 3% Y/Y to 653M gallons.
- Gross margin rate increased 788 bps to 24.61%.
- SG&A expense rate grew 428 bps to 21.22%.
- The company launched 'DairyPure', the first and largest fresh, white milk national brand.
- Q3 Guidance: Diluted EPS: $0.17 to $0.27.
Mon, Aug. 10, 8:03 AM
Sun, Aug. 9, 5:30 PM
Fri, Aug. 7, 6:00 PM
Tue, Jul. 21, 1:19 PM
- Australian firm a2 Milk has rejected a combined takeover offer from Freedom Foods (listed in Sydney) and Dean Foods (DF -0.6%).
- The company grew revenue 39% over the last fiscal year and has made inroads in the U.S. and China.
- A2 milk refers to the beta-casein protein contained in the product.
- New plans for a2 Milk in the U.S. include distribution through Sprouts Farmers Market and The Fresh Market.
Fri, Jul. 17, 9:19 AM
- Today's read on consumer prices led to a completely different story for milk and eggs.
- The broad milk price category was down 1.1% M/M and 7.1% Y/Y to offer some relief for a wide variety of companies that includes McDonald's (NYSE:MCD), Starbucks (NASDAQ:SBUX), Coca-Cola (NYSE:KO), Dean Foods (NYSE:DF), WhiteWave Foods (NYSE:WWAV), and General Mills (NYSE:GIS). Milk prices also fell in April and May.
- Egg prices skyrocketed 18.3% M/M and are now 22% higher from a year ago on an unadjusted basis. Cal-Maine Foods (NASDAQ:CALM) has been shooting higher all year off of elevated egg prices amid an avian flu outbreak.
- Bureau of Labor Statistics CPI data
Thu, Jul. 16, 10:40 AM
- Dean Foods (DF +4%) trades higher after landing an upgrade from Deutsche Bank to Buy from Hold.
- The company's introduction of the DairyPure brand later this year is in the spotlight.
- "Even a modest price premium could materially lift very low margins, but we recognize some risk if the strategy fails," writes analyst Eric Katzman on the milk play.
- DB raises Dean Foods EPS estimates for 2015 and 2016 on expectations for improved volume and cost savings.
Dean Foods Co process and distribute fluid milk and other dairy products, including ice cream, ice cream mix and cultured products. It also produces and distributes TruMoo, a reformulated flavored milk, as well as juices, teas, and bottled water.
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