Zacks Investment Research lowered shares of WhiteWave Foods Co. (NYSE:WWAV) from a buy rating to a hold rating in a report released on Wednesday morning.

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 have also issued reports about the company. Morgan Stanley restated a buy rating on shares of WhiteWave Foods in a research note on Sunday, July 10th. Susquehanna reiterated a buy rating and issued a $58.00 price objective on shares of WhiteWave Foods in a research report on Sunday, July 10th. Wells Fargo & Co. reiterated a buy rating on shares of WhiteWave Foods in a research report on Thursday, July 7th. Maxim Group reiterated a buy rating and issued a $60.00 price objective (up from $55.00) on shares of WhiteWave Foods in a research report on Thursday, July 7th. Finally, Barclays PLC lowered WhiteWave Foods from an overweight rating to an equal weight rating in a research report on Monday, July 18th. Two 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. The company has an average rating of Hold and an average price target of $52.12.

Analyst Recommendations for WhiteWave Foods (NYSE:WWAV)

Shares of WhiteWave Foods (NYSE:WWAV) opened at 53.61 on Wednesday. The firm has a market cap of $9.50 billion, a PE ratio of 50.34 and a beta of 1.52. WhiteWave Foods has a 52 week low of $31.40 and a 52 week high of $56.82. The company has a 50 day moving average of $55.00 and a 200 day moving average of $49.04.

WhiteWave Foods (NYSE:WWAV) last announced its earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. WhiteWave Foods had a return on equity of 18.47% and a net margin of 4.66%. The company earned $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. During the same period last year, the company posted $0.24 earnings per share. The firm’s quarterly revenue was up 13.6% compared to the same quarter last year. On average, equities research analysts anticipate that WhiteWave Foods will post $1.42 EPS for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Geode Capital Management LLC raised its position in shares of WhiteWave Foods by 5.5% in the first quarter. Geode Capital Management LLC now owns 1,050,664 shares of the company’s stock valued at $42,673,000 after buying an additional 54,394 shares during the last quarter. Nisa Investment Advisors LLC raised its position in WhiteWave Foods by 36.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,439 shares of the company’s stock worth $349,000 after buying an additional 2,000 shares in the last quarter. BlackRock Group LTD raised its position in WhiteWave Foods by 40.0% in the first quarter. BlackRock Group LTD now owns 982,575 shares of the company’s stock worth $39,931,000 after buying an additional 280,727 shares in the last quarter. Nuveen Asset Management LLC raised its position in WhiteWave Foods by 146.9% in the first quarter. Nuveen Asset Management LLC now owns 193,951 shares of the company’s stock worth $7,882,000 after buying an additional 115,397 shares in the last quarter. Finally, Norris Perne & French LLP MI raised its position in WhiteWave Foods by 7.2% in the second quarter. Norris Perne & French LLP MI now owns 103,045 shares of the company’s stock worth $4,837,000 after buying an additional 6,960 shares in 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.

5 Day Chart for NYSE:WWAV

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