WhiteWave Foods Co (WWAV) Receives Consensus Recommendation of “Hold” from Analysts
WhiteWave Foods Co (NYSE:WWAV) has been assigned an average recommendation of “Hold” from the twenty-three analysts that are currently covering the stock. Three investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and one has assigned a buy rating to the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $54.78.
WWAV has been the subject of several recent analyst reports. Zacks Investment Research downgraded WhiteWave Foods from a “hold” rating to a “sell” rating in a report on Tuesday, February 21st. Jefferies Group LLC reaffirmed a “hold” rating and set a $56.00 price target on shares of WhiteWave Foods in a report on Friday, April 7th.
WhiteWave Foods (NYSE:WWAV) remained flat at $56.24 during mid-day trading on Monday. WhiteWave Foods has a 52-week low of $41.08 and a 52-week high of $56.82. The firm has a 50-day moving average price of $55.98 and a 200 day moving average price of $55.25.
Several hedge funds and other institutional investors have recently modified their holdings of WWAV. IndexIQ Advisors LLC acquired a new position in WhiteWave Foods during the third quarter worth about $4,088,000. First Trust Advisors LP boosted its position in WhiteWave Foods by 168.2% in the third quarter. First Trust Advisors LP now owns 1,982,133 shares of the company’s stock worth $107,887,000 after buying an additional 1,243,147 shares in the last quarter. Mutual of America Capital Management LLC boosted its position in WhiteWave Foods by 2.6% in the third quarter. Mutual of America Capital Management LLC now owns 134,702 shares of the company’s stock worth $7,332,000 after buying an additional 3,462 shares in the last quarter. LMR Partners LLP acquired a new position in WhiteWave Foods during the third quarter worth about $1,088,000. Finally, Wade G W & Inc. acquired a new position in WhiteWave Foods during the third quarter worth about $2,129,000. Institutional investors own 80.60% of the company’s stock.
About WhiteWave Foods
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. It operates through two segments: Americas Foods & Beverages and Europe Foods & Beverages.
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