WhiteWave Foods Co. (NYSE:WWAV) Given Average Recommendation of “Hold” by Brokerages
Shares of WhiteWave Foods Co. (NYSE:WWAV) have earned an average rating of “Hold” from the twenty-nine brokerages that are covering the company. Two analysts have rated the stock with a sell recommendation, twenty have assigned a hold recommendation and seven have issued a buy recommendation on the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $52.27.
WWAV has been the subject of several research reports. Morgan Stanley reiterated a “buy” rating on shares of WhiteWave Foods in a research report on Sunday, July 10th. Susquehanna reiterated a “buy” rating and issued a $58.00 target price on shares of WhiteWave Foods in a research report on Sunday, July 3rd. Maxim Group raised WhiteWave Foods from a “hold” rating to a “buy” rating in a report on Tuesday, August 9th. SunTrust Banks Inc. downgraded WhiteWave Foods from a “buy” rating to a “neutral” rating in a report on Tuesday, July 12th. Finally, Zacks Investment Research downgraded WhiteWave Foods from a “hold” rating to a “sell” rating in a report on Wednesday, July 20th.
Several hedge funds and other institutional investors have recently modified their holdings of the stock. Norges Bank purchased a new position in shares of WhiteWave Foods during the fourth quarter worth approximately $40,453,000. Commonwealth Equity Services Inc increased its position in shares of WhiteWave Foods by 6.2% in the first quarter. Commonwealth Equity Services Inc now owns 31,202 shares of the company’s stock worth $1,268,000 after buying an additional 1,810 shares during the period. Aperio Group LLC increased its position in shares of WhiteWave Foods by 21.4% in the first quarter. Aperio Group LLC now owns 70,555 shares of the company’s stock worth $2,867,000 after buying an additional 12,460 shares during the period. Pacad Investment Ltd. increased its position in shares of WhiteWave Foods by 17.2% in the first quarter. Pacad Investment Ltd. now owns 6,799 shares of the company’s stock worth $276,000 after buying an additional 999 shares during the period. Finally, Prudential Financial Inc. increased its position in shares of WhiteWave Foods by 8.2% in the first quarter. Prudential Financial Inc. now owns 113,290 shares of the company’s stock worth $4,604,000 after buying an additional 8,548 shares during the period. Institutional investors and hedge funds own 84.97% of the company’s stock.
Shares of WhiteWave Foods (NYSE:WWAV) traded up 0.759% on Tuesday, reaching $55.065. The company had a trading volume of 935,458 shares. WhiteWave Foods has a 12 month low of $31.40 and a 12 month high of $56.82. The stock has a 50 day moving average price of $55.23 and a 200-day moving average price of $48.45. The company has a market capitalization of $9.76 billion, a price-to-earnings ratio of 51.704 and a beta of 1.53.
WhiteWave Foods (NYSE:WWAV) last issued its earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, topping the consensus estimate of $0.30 by $0.01. The company earned $1.05 billion during the quarter, compared to analyst estimates 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 firm earned $0.24 EPS. Analysts forecast that WhiteWave Foods will post $1.42 EPS for the current fiscal year.
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. Its segments include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.
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