Zacks Investment Research Lowers WhiteWave Foods Co. (WWAV) to Hold
WhiteWave Foods Co. (NYSE:WWAV) was downgraded by Zacks Investment Research from a “buy” rating to a “hold” rating in a report issued on Wednesday.
According to Zacks, “The WhiteWave Foods Company is a consumer packaged food and beverage company. It manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products throughout North America and Europe. The Company’s products include soy milk, flavored creamers, organic milk, yogurt, cheese, butter, sour creams, and whipped creams. It serves the grocery and natural foods channels in the United States. The WhiteWave Foods Company is based in Dallas, Texas. “
Other analysts also recently issued research reports about the company. Morgan Stanley reaffirmed a “buy” rating on shares of WhiteWave Foods in a research note on Sunday, July 10th. Susquehanna reaffirmed a “buy” rating and set a $58.00 target price on shares of WhiteWave Foods in a research note on Sunday, July 10th. Wells Fargo & Co. reaffirmed a “buy” rating on shares of WhiteWave Foods in a research note on Thursday, July 7th. Maxim Group reaffirmed a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of WhiteWave Foods in a research note on Thursday, July 7th. Finally, Barclays PLC downgraded WhiteWave Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 18th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $52.12.
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WhiteWave Foods (NYSE:WWAV) traded down 0.24% during midday trading on Wednesday, hitting $53.42. The stock had a trading volume of 1,363,711 shares. The firm has a market cap of $9.47 billion, a PE ratio of 50.16 and a beta of 1.52. WhiteWave Foods has a one year low of $31.40 and a one year high of $56.82. The stock has a 50-day moving average price of $55.05 and a 200 day moving average price of $49.01.
WhiteWave Foods (NYSE:WWAV) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.30 by $0.01. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. WhiteWave Foods had a return on equity of 18.47% and a net margin of 4.66%. The business’s revenue was up 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.24 EPS. On average, analysts predict that WhiteWave Foods will post $1.42 earnings per share for the current year.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Pacer Advisors Inc. increased its position in shares of WhiteWave Foods by 10.7% in the second quarter. Pacer Advisors Inc. now owns 2,218 shares of the company’s stock worth $104,000 after buying an additional 215 shares in the last quarter. Glenmede Trust Co. NA increased its position in shares of WhiteWave Foods by 42.4% in the second quarter. Glenmede Trust Co. NA now owns 2,349 shares of the company’s stock worth $109,000 after buying an additional 700 shares in the last quarter. Mizuho Asset Management Co. Ltd. purchased a new stake in WhiteWave Foods during the second quarter worth about $112,000. Bessemer Group Inc. boosted its stake in WhiteWave Foods by 1,487.0% in the first quarter. Bessemer Group Inc. now owns 3,063 shares of the company’s stock worth $124,000 after buying an additional 2,870 shares during the last quarter. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in WhiteWave Foods by 1,535.6% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 2,895 shares of the company’s stock worth $136,000 after buying an additional 2,718 shares during the last quarter. Institutional investors and hedge funds own 84.97% of the company’s stock.
WhiteWave Foods Company Profile
The WhiteWave Foods Company is a consumer packaged food and beverage company. The Company manufactures, markets, distributes and sells branded plant-based foods and beverages, coffee creamers and beverages, dairy products and organic produce. Its segments include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.
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