Dean Foods Co (DF) Recovering From Morning Plunge Following Revenue Miss, Resignation Of Non-Executive Chairman

How are hedge funds trading Dean Foods Co (NYSE:DF)?

Of the funds tracked by Insider Monkey, Millennium Management, led by Israel Englander, holds the largest position in Dean Foods Co (NYSE:DF), as the hedge fund held around 3.2 million shares valued at $52.8 million by the end of first quarter. Millennium Management increased its holding in the stock significantly, as the hedge fund bought more than 3 million shares of the company during the period. Following Millennium Management is Ron Gutfleish of Elm Ridge Capital, as the hedge fund opted to hold its 1.4 million shares of the company throughout the first quarter. Other hedge funds like Willem Mesdag’s Red Mountain Capital and Paul Marshall and Ian Wace’s Marshall Wace LLP increased their holding in the stock by 266% and 201% respectively during the same period.

Dean Foods Co (NYSE:DF) witnessed a lot of bullish behavior, as Glenn Russell Dubin’s Highbridge Capital Management, Cliff Asness‘ AQR Capital Management, and Mike Vranos’ Ellington opted to open fresh positions in the stock by buying around 524,000, 162,000 and 67,500 shares respectively during the first three months of the year. On the flip side, Guy Shahar’s DSAM Partners and Alexander Mitchell’s Scopus Asset Management opted to walk out of the stock by selling all of their 880,000 and 425,000 shares respectively during the same period.

Considering the uncertainty around the company and its poor performance this year, we don’t recommend buying the stock at the moment, despite hedge fund’s generally bullish sentiment.

Disclosure: None