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DF

Dean Foods Company

5/24/2013, 5:26 AM ET

Quote & Headlines Market Currents StockTalk

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| Earnings
| Dividends
| M&A
| On the move

Thursday, May 23, 7:05 PM WhiteWave (WWAV) announces the completion of its spinoff from Dean Foods (DF). In addition, its board has authorized a $150M share repurchase program. The primary purpose of the program will be to offset dilution from WhiteWave’s equity compensation plans, but the company reserves the option to make discretionary, opportunistic purchases as well. WWAV +0.7%, DF +0.3% AH. Comment! [M&A]
Friday, May 17, 3:03 PM Keep an eye on Dean Foods (DF +1%). Though the food company could see some choppy trading next week after it was dumped from the S&P 500, dealReporter notes there's plenty of M&A speculation around the name to keep shares perky. A market cap below $4B raises the possibility that a larger company could see DF as a bolt-on acquisition. Comment! [Consumer, M&A]
Thursday, May 16, 6:06 PM Standard & Poor's says that Kansas City Southern (KSU) will be replacing Dean Foods (DF) in the S&P 500, following the dairy company's spinoff of its organic and soy business as WhiteWave Foods (WWAV). The change will take effect after the close on May 23, around the time that Dean is expected to close out its remaining equity interst in WhiteWave. On the flipside, Dean Foods will take KSU's place on the S&P MidCap 400, WWAV replacing Quicksilver Resources (KWK). KSU +0.5%, DF -0.7%, WWAV -0.5%, KWK -3.5% AH. 2 Comments [Consumer, Commodities]
Tuesday, May 14, 7:37 AM Janney Montgomery Scott upgrades Dean Foods (DF) to a Buy rating from Neutral to go along with an improved price target of $27. DF +0.4% premarket. 1 Comment [Consumer]
Thursday, May 9, 8:24 AM More on Dean Foods' (DF) Q1: The company says it held its share of the U.S. fluid milk market steady at 38% amid a slump in the industry. Funded debt to EBITDA is at 2.13 which stands below the maximum allowed by the terms of its credit facility terms of 5.25. Full-year EPS guidance is set at $0.45-$0.55 and Q2 EPS is estimated to fall in a range of $0.11 to $0.15. (PR) Comment! [Earnings, Consumer]
Thursday, May 9, 8:06 AM Dean Foods (DF): Q1 EPS of $0.29 beats by $0.03. Revenue of $2.87B misses by $0.11B. (PR) Comment! [Earnings, Breaking News, Consumer]
Thursday, May 9, 12:05 AM Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY Comment! [Earnings]
Wednesday, May 8, 5:30 PM Notable earnings before Thursday’s open: AES, AGU, ALR, AM, AMRC, APA, BAM, BCE, CBB, CNSL, CTB, CVC, DF, DISH, DNDN, GLP, GTIV, IRC, KEM, KIOR, MEA, NPSP, OWW, PCP, SNE, SNSS, SPH, SRPT, TK, TNK, VICL, VNDA, WAC, WFR, WIN, WWAV, XRAY Comment! [Earnings]
Thursday, May 2, 10:02 AM Index watching: Next month S&P 500 member Dean Foods (DF +2.2%) distributes shares of WhiteWave Foods (WWAV +5.5%) to shareholders which will leave S&P in a predicament over what to do with the extra WWAV position/weighting. It's possible S&P could leave a trimmed-down Dean Foods in the index and create some WWAV selling from index funds or it could also swap WWAV for DF and create the reverse effect. Comment! [Consumer]
Wednesday, April 3, 3:06 PM Deutsche Bank reiterates its Buy rating on Dean Foods (DF -2%) and employs a bit of tautological reasoning to justify bumping its price target from $21 to $22: "Food stocks have rallied dramatically YTD." The bank also speculates that investors are lowering their estimates for the sector's weighted average cost of capital. Comment! [Consumer]
Friday, March 8, 8:03 AM Stifel Nicolaus upgrades Dean Foods (DF) to Buy from Hold and takes its price target up to $21. The call from the firm follows a wave of other upgrades on the meat company including recent hikes from Credit Suisse and KeyBanc. 1 Comment [Consumer]
Wednesday, March 6, 7:11 AM Credit Suisse upgrades Dean Foods (DF) to an Outperform rating and bumps up its price target on shares to $21. Comment! [Consumer]
Monday, March 4, 6:54 AM KeyBanc upgrades Dean Foods (DF) to Buy from Hold as it factors in its discounted fluid milk franchise. The firm sets a $21 price target on shares. Comment! [Consumer]
Thursday, February 14, 8:04 AM Moving higher premarket on the Berkshire/Heinz news: CBP +2.5%. CAG +1.5%. KRFT +0.9%. DF +0.5%. Comment! [On the Move, M&A]
Wednesday, February 13, 9:10 AM Premarket gainers: RCON +56%. PPHM +17%. EZCH +11%. WFR +9%. CMCSA +8%. GRPN +8%. VG +5%.
Losers: RATE -18%. CLF -14%. RAX -12%. AVEO -11%. AMX -6%. DF -6%. NICE -5%. Comment! [On the Move]
Wednesday, February 13, 7:18 AM More on Dean Foods (DF): The company's Q4 results reflect major adjustments after the sale of Morningstar and IPO of Whitewave. The surviving Fresh Dairy Direct business saw sales of $2.42B, up 1.5% Y/Y. Raw milk costs rose 8% Y. and 23% Q/Q during the period, only partially passed through to customers. For full year 2013, Dean Foods expects EPS of $0.45-$0.55. (PR) Comment! [Consumer, Earnings]