New York, August 9 (FinanceEnquiry.com) – Analysts at Moody’s Investors Service has placed the ratings of Dean Foods Company (NYSE: DF) on review for downgrade.
In a research note published yesterday, the analysts mention that DF’s Ba rating indicates its very narrow margins inherent in its largest, commodity oriented milk business, high leverage, more limited product, geographic and customer diversification than several of its food and agriculture company peers and the potential for high earnings volatility due to fluctuating milk prices and low pricing power.
The rating was supported by the company’s leading market share, national scale in the US dairy industry and solid distribution network with comprehensive refrigerated direct store delivery systems. It also includes potential for more cost efficiencies/productivity improvements as management focuses on internal integration, stream lining of operations and further cost reductions initiatives.
DF is the largest processor and distributor of milk and various other dairy products in US and the largest producer of soy milk in Europe, the analysts say.
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