NEW YORK (TheStreet) -- Shares of Dean Foods (DF) - Get Report were soaring 8.2% to $18.07 on heavy trading volume early Friday afternoon as Chinese beverage company Hangzhou Wahaha has pursued financing for a potential takeover of the company, the Financial Times reports, citing sources.

Hongsheng Beverage, which is a subsidiary of Wahaha, has approached banks in Hong Kong about financing help for a possible buyout, the FT added.

Dean Foods is a Dallas-based food and beverage company that specializes in dairy products.

More than 3.11 million of the company's shares changed hands so far today vs. its average 30-day volume of 1.31 million shares per day.

TheStreet Recommends

Separately, TheStreet Ratings Team has a "Hold" rating with a score of C+ on Dean Foods stock.

The primary factors that have impacted the rating are mixed. The company's strengths can be seen in multiple areas, such as its impressive record of earnings per share growth, notable return on equity and attractive valuation levels.

But the team also finds weaknesses including generally higher debt management risk, weak operating cash flow and a generally disappointing performance in the stock itself.

Recently, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.

You can view the full analysis from the report here: DF

Image placeholder title