Q: On Fast Money's Trader Radar we look at the stock that was lighting up screens across Wall Street. The small milk processing plant founded by Samuel Dean is now the country's largest dairy producer, boasting products like Land 'O Lakes butter, Silk soymilk and Hershey's flavored milks. But it seems the outlook for the company has soured lately as the stock dropped Wednesday after surging milk prices hurt fourth-quarter sales. Who is it?
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Dean Foods, the nation's largest processor and distributor of milk and dairy products, said on Tuesday it would cut 600 to 700 jobs and lowered its earnings outlook as it struggles with higher dairy costs and softening sales.
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Dean Foods, the largest U.S. dairy processor and distributor, said on Tuesday second-quarter profit fell, hurt by rising raw milk prices and an oversupply of organic milk.
Dean Foods said on Tuesday its full-year and second-quarter profit will be lower than expected, as raw milk prices reach all-time highs.
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Dairy producer Dean Foods said it plans to return nearly $2 billion to its shareholders through a special dividend of $15.00 a share.