Kornitzer Capital Management Inc. KS reduced its stake in WhiteWave Foods Co. (NYSE:WWAV) by 40.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 261,155 shares of the company’s stock after selling 174,865 shares during the period. Kornitzer Capital Management Inc. KS owned about 0.15% of WhiteWave Foods worth $12,259,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in WWAV. UBS Asset Management Americas Inc. increased its position in WhiteWave Foods by 117.6% in the first quarter. UBS Asset Management Americas Inc. now owns 2,911,893 shares of the company’s stock valued at $118,340,000 after buying an additional 1,573,949 shares during the last quarter. Public Employees Retirement Association of Colorado increased its position in WhiteWave Foods by 228.6% in the second quarter. Public Employees Retirement Association of Colorado now owns 1,221,886 shares of the company’s stock valued at $57,355,000 after buying an additional 850,037 shares during the last quarter. AMI Asset Management Corp boosted its position in shares of WhiteWave Foods by 916.9% in the second quarter. AMI Asset Management Corp now owns 384,680 shares of the company’s stock valued at $18,057,000 after buying an additional 346,852 shares in the last quarter. BlackRock Group LTD boosted its position in shares of WhiteWave Foods by 40.0% in the first quarter. BlackRock Group LTD now owns 982,575 shares of the company’s stock valued at $39,931,000 after buying an additional 280,727 shares in the last quarter. Finally, Jag Capital Management LLC purchased a new position in shares of WhiteWave Foods during the second quarter valued at approximately $10,473,000. 84.97% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for WhiteWave Foods (NYSE:WWAV)

WhiteWave Foods Co. (NYSE:WWAV) traded down 0.46% during mid-day trading on Friday, hitting $53.75. 2,949,415 shares of the stock were exchanged. The stock has a market cap of $9.52 billion, a price-to-earnings ratio of 50.47 and a beta of 1.52. WhiteWave Foods Co. has a 52-week low of $31.40 and a 52-week high of $56.82. The stock has a 50 day moving average of $54.92 and a 200-day moving average of $49.18.

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

Several equities analysts recently commented on WWAV shares. Zacks Investment Research raised shares of WhiteWave Foods from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research note on Wednesday, July 6th. Maxim Group reaffirmed a “buy” rating and set a $60.00 price objective (up previously from $55.00) on shares of WhiteWave Foods in a research note on Thursday, July 7th. Deutsche Bank AG cut shares of WhiteWave Foods from a “buy” rating to a “hold” rating and boosted their price objective for the company from $50.00 to $56.25 in a research note on Thursday, July 7th. Jefferies Group cut shares of WhiteWave Foods from a “buy” rating to a “hold” rating and set a $56.00 price objective for the company. in a research note on Wednesday, July 13th. Finally, Susquehanna reaffirmed a “buy” rating and set a $58.00 price objective on shares of WhiteWave Foods in a research note on Sunday, July 10th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $52.12.

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.

5 Day Chart for NYSE:WWAV

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