Healthy Foods, Healthy Families.
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Type
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Public |
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Traded as | NYSE: DF S&P 400 Component |
Industry | Food processing |
Founded | 1925 |
Headquarters | Tower at Cityplace Dallas, Texas |
Key people
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Products | Milk, dairy products, juice |
Revenue | US$7.7 billion (2016) |
Operating income
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US$263.6 million (2016) |
Net income
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US$119.9 million (2016) |
Total assets | US$2.6 billion (2016) |
Total equity | US$610.5 million (2016) |
Number of employees
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Approx. 17,000 |
Website | www.deanfoods.com |
Dean Foods is an American food and beverage company and the largest dairy company in the United States. Headquartered in Dallas, Texas, the company maintains plants and distributors in the United States. Dean Foods has 66 manufacturing facilities in 32 U.S. states and distributes its products across all 50. The company's 58 brands include DairyPure, TruMoo, Friendly's, Mayfield, Dean's, Meadow Gold, Tuscan and Alta Dena.
Dean Foods was founded by Samuel E. Dean, Sr., who owned an evaporated milk processing facility in Franklin Park, Illinois, in the 1920s. After purchasing other Illinois dairy plants Dean developed the enterprise "from a small regional dairy into a diversified food company".
In December 2001, the legacy brand of Dean Foods was acquired by the Dallas-based Suiza Foods Corporation, who later adopted the Dean Foods name. In 2005, Dean Specialty Foods was spun off from Dean Foods as Bay Valley Foods, LLC, a division of TreeHouse Foods, Inc. In June 2005 TreeHouse Foods started trading on the New York Stock Exchange with a ticker of THS.
In March 2005 the Cornucopia Institute filed a complaint with the United States Department of Agriculture (USDA) alleging that their Horizon Organic subsidiary was violating "organic livestock management" standards.
In August 2006, Dean Foods acquired Jilbert's Dairy, a 70-year-old family business near Marquette, Michigan. Dean Food's TofuTown brand was acquired by the Hain Celestial Group in June 2007. In December, Dean Foods bought the Wells Dairy milk plant in Le Mars, Iowa. Dean Foods purchased Alpro in 2009 for an estimated US$455 million, making it a "global leader in soy beverages". This resulted in a restructuring of the company that included selling off a number of subsidiaries, including Rachel's Organic.
On May 12, 2008, the Cornucopia Institute filed a second complaint with the USDA again alleging that Deans Foods had violated federal organic regulations requiring access to pasture and fresh grass for their dairy cows.
Silk brand soy milk was made using organic soybeans until early 2009, when Dean Foods switched to conventional soybeans while maintaining the same UPC barcodes and prices on the Silk products and replacing the word “organic” with “natural” on the product's packaging, prompting the Cornucopia Institute to file complaints that the company had not properly notified retailers or consumers.
Foremost Farms USA, a cooperative of over 2,000 dairy farmers in several mid-western states, sold its Wisconsin milk processing plants to Dean Foods in 2009. In January 2010, the US Department of Justice and the state attorney generals office of Wisconsin and Michigan, filed a lawsuit objecting to the purchase and alleged that it created a monopolizing provider. Dean Foods announced it was contesting the complaint.
In the first quarter of 2010 the company moved to the Cityplace district of Dallas, Texas. In October 2010, Dean Foods announced it was retiring the Schepps brand for dairy products in the Dallas, Texas area in favor of their Oak Farms brand. The Schepps brand had been in the Dallas market since 1942.
In 2011, a class action suit was brought against Deans Foods over health claims made on the packaging of Horizon Organic Milk. In 2012, Dean Foods contributed $253,950 to fund opposition to California's ballot Proposition 37 which would require mandatory labeling of foods containing genetically modified ingredients.
Dean Foods spun off WhiteWave Foods, the maker of Horizon Organic and Silk Soymilk, as a standalone company in May 2013.
In May 2015 Dean Foods announced that they would eliminate regional brands for its milk in favor of a single brand, DairyPure, which was already being used as a sub-brand under its previous regional marketing scheme.
In 2017, bettor and stock trader William T. Walters was convicted of insider trading in Dean shares in Federal court. Walters' source of non-public information was company director Thomas C. Davis employing a prepaid cell phone nicknamed "the Batphone" and, sometimes, the code words "Dallas Cowboys" for the company name. The case involved profits or avoided losses of $40 million from 2008 to 2014. The verdict was to be appealed according to Walters' lawyer.
Dean Foods products include milk, ice cream, dairy products, juice, and teas. It processes milk in the United States under a number of regional and national brands.
2016-05-23 | Reiterated Rating | BMO Capital Markets | Hold | $21.00 |
2016-05-12 | Reiterated Rating | Sanford C. Bernstein | Buy | |
2016-03-24 | Reiterated Rating | Wells Fargo | Outperform | |
2016-03-24 | Reiterated Rating | Wells Fargo & Co. | Outperform | |
2016-03-23 | Reiterated Rating | Stephens | Buy | |
2016-03-23 | Reiterated Rating | Jefferies Group | Neutral to Buy | $23.00 to $23.00 |
2016-03-23 | Reiterated Rating | Sanford C. Bernstein | Outperform | $25.00 |
2016-03-23 | Reiterated Rating | Morgan Stanley | Sell | $18.00 |
2016-03-23 | Lower Price Target | Deutsche Bank | Buy | $22.00 to $21.00 |
2016-03-23 | Lower Price Target | Deutsche Bank AG | Buy | $22.00 to $21.00 |
2016-02-23 | Boost Price Target | Deutsche Bank | Buy | $21.00 to $23.00 |
2016-02-23 | Boost Price Target | Morgan Stanley | Underweight | $17.00 to $18.00 |
2016-02-23 | Boost Price Target | Jefferies Group | Buy | $21.00 to $23.00 |
2016-02-23 | Boost Price Target | Goldman Sachs | Neutral | $21.00 to $22.00 |
2016-02-23 | Downgrade | BB&T Corp. | Buy to Hold | |
2016-02-23 | Boost Price Target | Goldman Sachs Group Inc. | Neutral | $21.00 to $22.00 |
2016-02-10 | Boost Price Target | Deutsche Bank | Hold | $21.00 to $22.00 |
2016-02-10 | Upgrade | BB&T Corp. | Hold to Buy | $22.00 |
2016-02-10 | Upgrade | Sanford C. Bernstein | Market Perform to Outperform | $21.00 to $25.00 |
2016-02-08 | Lower Price Target | Goldman Sachs | Neutral | $23.00 to $21.00 |
2016-01-27 | Boost Price Target | BMO Capital Markets | $20.00 to $21.00 | |
2016-01-12 | Upgrade | Stephens | Equal Weight to Overweight | $20.10 to $17.44 |
2015-12-15 | Initiated Coverage | Jefferies Group | Buy | $21.00 |
2015-12-12 | Reiterated Rating | DA Davidson | Hold | |
2015-12-11 | Initiated Coverage | DA Davidson | Neutral | $19.00 |
2015-12-08 | Downgrade | Morgan Stanley | Equal Weight to Underweight | $19.00 to $17.00 |
2015-11-10 | Boost Price Target | JPMorgan Chase & Co. | Neutral | $18.00 to $19.00 |
2015-11-10 | Boost Price Target | BMO Capital Markets | Market Perform | $18.00 to $20.00 |
2015-11-10 | Boost Price Target | Sanford C. Bernstein | Market-Perform | $18.00 to $21.00 |
2015-11-10 | Boost Price Target | Morgan Stanley | Neutral to Equal Weight | $18.00 to $19.00 |
2015-11-10 | Downgrade | Credit Suisse | Neutral to Underperform | $18.00 to $19.00 |
2015-11-10 | Downgrade | Credit Suisse Group AG | Neutral to Underperform | $18.00 to $19.00 |
2015-11-04 | Reiterated Rating | Deutsche Bank | Buy | $19.00 to $20.00 |
2015-11-02 | Lower Price Target | BMO Capital Markets | Market Perform | $20.00 to $18.00 |
2015-07-24 | Initiated Coverage | JPMorgan Chase & Co. | Neutral | $18.00 |
2015-07-16 | Upgrade | Deutsche Bank | Hold to Buy | $17.00 to $19.00 |
2015-06-03 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $18.00 to $19.00 |
2015-05-12 | Reiterated Rating | Deutsche Bank | Hold | $16.00 to $17.00 |
2015-05-12 | Boost Price Target | Stephens | Equal Weight | $15.00 to $18.00 |
2015-02-11 | Upgrade | Stephens | Underweight to Equal Weight | |
2015-02-04 | Downgrade | BMO Capital Markets | Outperform to Market Perform | $21.00 to $20.00 |
2015-01-12 | Downgrade | Credit Suisse | Outperform to Neutral | $18.00 to $20.00 |
2015-01-07 | Boost Price Target | Deutsche Bank | Hold | $16.00 to $18.00 |
2014-11-03 | Downgrade | Stephens | Equal Weight to Underweight | |
2014-10-22 | Upgrade | Morgan Stanley | Equal Weight to Overweight | |
2014-10-01 | Downgrade | BB&T Capital Mkts | Buy to Hold | |
2014-10-01 | Downgrade | BB&T Corp. | Buy to Hold | |
2014-08-12 | Boost Price Target | S&P Equity Research | Average to Hold | $0.26 to $3.39 |
2014-08-12 | Boost Price Target | Sanford C. Bernstein | $15.00 to $16.00 | |
2014-08-12 | Reiterated Rating | BB&T Corp. | Buy | $21.00 to $18.00 |
2014-08-12 | Upgrade | Credit Suisse | Neutral to Outperform | $15.00 to $18.00 |
2014-06-19 | Boost Price Target | BMO Capital Markets | $18.00 to $21.00 | |
2014-06-12 | Reiterated Rating | Evercore ISI | Buy | $18.00 to $22.00 |
2014-06-12 | Boost Price Target | KeyBanc | $18.00 to $22.00 | |
2014-06-02 | Reiterated Rating | Deutsche Bank | Hold | $14.00 to $15.00 |
2014-05-09 | Lower Price Target | Deutsche Bank | $15.00 to $14.00 | |
2014-04-15 | Initiated | BB&T Capital Mkts | Buy | $21 |
2014-04-14 | Initiated Coverage | BB&T Corp. | Buy | $21.00 |
2014-02-13 | Lower Price Target | BMO Capital Markets | $23.00 to $18.00 | |
2014-02-13 | Lower Price Target | Sanford C. Bernstein | $18.00 to $15.00 | |
2014-02-13 | Lower Price Target | Stephens | $16.00 to $12.00 | |
2014-02-13 | Lower Price Target | KeyBanc | $24.00 to $18.00 | |
2014-02-12 | Downgrade | Stifel | Buy to Hold | |
2014-02-12 | Lower Price Target | Deutsche Bank | Hold | $18.00 to $15.00 |
2014-02-12 | Downgrade | Morgan Stanley | Equal Weight | $19.00 to $15.00 |
2014-02-12 | Downgrade | Stifel Nicolaus | Buy to Hold | $22.00 |
2014-01-08 | Downgrade | Deutsche Bank | Buy to Hold | $23.00 to $19.00 |
2013-12-09 | Downgrade | Morgan Stanley | Overweight to Equal Weight | $22.00 to $20.00 |
2013-11-13 | Lower Price Target | Stifel Nicolaus | Buy | $24.00 to $22.00 |
2013-11-13 | Reiterated Rating | BMO Capital Markets | Buy | $23.00 |
2013-11-13 | Reiterated Rating | Deutsche Bank | Positive | |
2013-11-13 | Downgrade | Credit Suisse | Outperform to Neutral | $24.00 to $19.00 |
2013-10-21 | Upgrade | BMO Capital Markets | Market Perform to Outperform | $22.00 to $23.00 |
2013-10-16 | Lower Price Target | Sanford C. Bernstein | $24.00 to $20.00 | |
2013-10-02 | Reiterated Rating | Deutsche Bank | Buy | $26.00 to $25.00 |
2013-05-15 | Reiterated | UBS | Neutral | $18 to $20 |
2013-05-14 | Reiterated | UBS | Neutral | $18 to $20 |
2013-03-04 | Upgrade | KeyBanc Capital Mkts | Hold to Buy | $21 |
2012-10-12 | Upgrade | Stifel Nicolaus | Hold to Buy | $18 |
2012-05-11 | Reiterated | UBS | Neutral | $13.50 to $15.50 |
2012-05-10 | Reiterated | UBS | Neutral | $13.50 to $15.50 |
2011-05-11 | Reiterated | Deutsche Bank | Hold | $10 to $12 |
2010-11-10 | Reiterated | UBS | Neutral | $12 to $9 |
2016-05-23 | Reiterated Rating | BMO Capital Markets | Hold | $21.00 |
2016-05-12 | Reiterated Rating | Sanford C. Bernstein | Buy | |
2016-03-24 | Reiterated Rating | Wells Fargo | Outperform | |
2016-03-24 | Reiterated Rating | Wells Fargo & Co. | Outperform | |
2016-03-23 | Reiterated Rating | Stephens | Buy |
There is presents forecasts of rating agencies and recommendations for investors about this ticker
In DF 0 funds of 2213 total. Show all
Fund name | Ticker shares |
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Name Relationship | Total Shares | Holding stocks |
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Tanner Gregg A Chief Executive Officer | 0.39% (366833) | DF / SAM / SPTN / STKL / |
MUSE JOHN R | 0.26% (240652) | DF / LIN / MEG / NXST / |
TURNER JIM L | 0.24% (229037) | CCK / CRK / DF / |
Mailloux J Wayne | 0.13% (118076) | DF / |
NEVARES HECTOR M | 0.11% (103252) | DF / |
Bellairs Chris EVP & CFO | 0.11% (101176) | DF / |
SCOZZAFAVA RALPH P EVP - Chief Commercial Officer | 0.09% (83081) | DF / SSI / |
WARMBIER KIMBERLY Executive Vice President and | 0.07% (62004) | DF / |
HILL JANET | 0.06% (59500) | CG / DF / S / WEN / |
Wiseman Robert Tennant | 0.06% (57445) | DF / |
VOPNI SCOTT K Senior Vice President and | 0.05% (44203) | DF / |
Gonzalez Rachel A EVP, General Counsel | 0.04% (35592) | DAN / DF / SABR / |
Owens B Craig | 0.04% (32871) | ATR / CPB / DF / JCP / PLL / |
Murphy Brian SVP, Chief Information Officer | 0.03% (29402) | DF / |
Devine Martin J Executive Vice President | 0.03% (29312) | DF / |
Braun C Shay SVP, Operations & Procurement | 0.03% (24828) | DF / |
DAVIS TOM C | 0.02% (22759) | AFFM / ATEC / DF / |
ANDERSON BRAD S SVP, Field Sales | 0.02% (18482) | DF / |
CASHAW BRAD EVP, Supply Chain | 0.02% (16215) | DF / |
LAUFER KURT W SVP, Chief Customer Officer | 0.01% (13063) | DF / |
COLEMAN RUSSELL F EVP, General Counsel | 0.01% (9487) | DF / |
McCluskey Helen | 0.01% (6904) | AVP / DF / PVH / SIG / |
MCCUTCHEON S. CRAIG SVP - Logistics | 0.01% (6454) | DF / |