Convergence Investment Partners Lowers stake in Dean Foods Co (DF)

Dean Foods Co (DF) : Convergence Investment Partners reduced its stake in Dean Foods Co by 11.63% during the most recent quarter end. The investment management company now holds a total of 384,149 shares of Dean Foods Co which is valued at $6,711,083 after selling 50,564 shares in Dean Foods Co , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.Dean Foods Co makes up approximately 0.88% of Convergence Investment Partners’s portfolio.

Other Hedge Funds, Including , Texas Permanent School Fund reduced its stake in DF by selling 3,105 shares or 4.24% in the most recent quarter. The Hedge Fund company now holds 70,167 shares of DF which is valued at $1,225,817. Dean Foods Co makes up approx 0.02% of Texas Permanent School Fund’s portfolio.Acrospire Investment Management boosted its stake in DF in the latest quarter, The investment management firm added 5,000 additional shares and now holds a total of 10,688 shares of Dean Foods Co which is valued at $194,094. Dean Foods Co makes up approx 0.14% of Acrospire Investment Management’s portfolio.

Dean Foods Co closed down -0.12 points or -0.71% at $16.79 with 15,29,897 shares getting traded on Friday. Post opening the session at $16.93, the shares hit an intraday low of $16.7 and an intraday high of $16.96 and the price fluctuated in this range throughout the day.Shares ended Friday 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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