UP!

DF $0.8   View long term graphs

Dean Foods
Type
Public
Traded as NYSE: DF
S&P 400 Component
Industry Food processing
Founded 1925
Headquarters Tower at Cityplace
Dallas, Texas
Key people
  • Ralph Scozzafava (CEO and director)
  • Chris Bellairs (CFO)
  • Jim Turner (Chairman)
Products Milk, dairy products, juice
Revenue US$7.7 billion (2016)
Operating income
US$263.6 million (2016)
Net income
US$119.9 million (2016)
Total assets US$2.6 billion (2016)
Total equity US$610.5 million (2016)
Number of employees
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.

Q reports

Period Date Adjusted Actuals EPS GAAP EPS
Q4 2019 2020-02-25 Future report Set alerts
Q3 2019 2019-11-12 0.00 0.00
Q2 2019 2019-08-06 -0.36 -0.70
Q1 2019 2019-05-07 -0.41 -0.67
Q4 2018 2019-02-27 -0.50 -2.88
Q3 2018 2018-11-07 -0.28 -0.29
Q2 2018 2018-08-07 0.16 -0.46
Q1 2018 2018-05-08 0.14 0.00
Q4 2017 2018-02-26 0.25 0.54
Q3 2017 2017-11-07 0.20 -0.11

Ratings

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

Funds

In DF 0 funds of 2184 total. Show all

Fund name Ticker shares

Major Shareholders

Name Relationship Total Shares Holding stocks
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 /

Comments