Shares of Dean Foods Company DFtouched a 52-week low of $8.15 on Apr 16, closing the session at $8.16. The company has long been grappling with lower product volumes, higher raw milk costs and loss of share in U.S. fluid milk volumes, which has been largely weighing on its performance.
Per analysts, softening demand for milk has also been taking a toll on Dean Foods for quite some time now, sending its shares to six year low.
Meanwhile, the retail grocery industry experienced significant consolidation in recent years, due to which competition has intensified among dairy product suppliers.
These factors have hurt investors’ sentiments. Consequently, shares of this Zacks Rank #4 (Sell) have lost 58.1%, wider than the industry’s decline of 52.9% in the past year.