Brokerages Set WhiteWave Foods Co. (WWAV) Target Price at $52.46
Shares of WhiteWave Foods Co. (NYSE:WWAV) have received a consensus recommendation of “Hold” from the twenty-eight brokerages that are presently covering the firm. Two research analysts have rated the stock with a sell recommendation, twenty-one have issued a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year price objective among brokerages that have issued a report on the stock in the last year is $52.46.
A number of equities research analysts have recently commented on WWAV shares. Maxim Group cut WhiteWave Foods from a “buy” rating to a “hold” rating in a research note on Wednesday, August 3rd. Morgan Stanley lowered WhiteWave Foods from an “overweight” rating to an “equal weight” rating and set a $56.25 price objective for the company. in a report on Tuesday, August 9th. William Blair lowered WhiteWave Foods from an “outperform” rating to a “market perform” rating in a report on Monday, August 1st. Zacks Investment Research lowered WhiteWave Foods from a “buy” rating to a “hold” rating in a report on Wednesday, October 12th. Finally, BMO Capital Markets reissued a “market perform” rating on shares of WhiteWave Foods in a report on Friday, July 15th.
WhiteWave Foods (NYSE:WWAV) opened at 54.15 on Wednesday. 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 of $54.31 and a 200-day moving average of $51.24. The company has a market cap of $9.60 billion, a PE ratio of 50.85 and a beta of 1.51.
WhiteWave Foods (NYSE:WWAV) last released its earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to analysts’ expectations of $1.04 billion. WhiteWave Foods had a return on equity of 18.43% and a net margin of 4.80%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same period in the previous year, the business posted $0.24 EPS. On average, equities research analysts anticipate that WhiteWave Foods will post $1.42 earnings per share for the current fiscal year.
A number of hedge funds have recently made changes to their positions in WWAV. Geode Capital Management LLC increased its stake 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. Renaissance Technologies LLC increased its position in shares of WhiteWave Foods by 7.8% in the first quarter. Renaissance Technologies LLC now owns 1,257,500 shares of the company’s stock worth $51,105,000 after buying an additional 90,600 shares in the last quarter. Nuveen Asset Management LLC increased its position in shares of 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. Legal & General Group Plc increased its position in shares of WhiteWave Foods by 32.5% in the first quarter. Legal & General Group Plc now owns 98,323 shares of the company’s stock worth $3,996,000 after buying an additional 24,099 shares in the last quarter. Finally, Metropolitan Life Insurance Co. NY increased its position in shares of WhiteWave Foods by 2.8% in the first quarter. Metropolitan Life Insurance Co. NY now owns 167,807 shares of the company’s stock worth $6,820,000 after buying an additional 4,641 shares in the last quarter. Hedge funds and other institutional investors own 84.11% 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. Its segments include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.
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