WhiteWave Foods Co. (NYSE:WWAV) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research note issued on Saturday.

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 also recently issued reports about the stock. Susquehanna reaffirmed a “buy” rating on shares of WhiteWave Foods in a research report on Sunday, July 17th. Maxim Group raised shares of WhiteWave Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, August 9th. Credit Agricole SA downgraded shares of WhiteWave Foods from an “outperform” rating to an “underperform” rating and upped their target price for the stock from $47.00 to $56.25 in a research report on Wednesday, August 10th. Wedbush reaffirmed a “neutral” rating and issued a $56.25 target price on shares of WhiteWave Foods in a research report on Tuesday, August 9th. Finally, Morgan Stanley downgraded shares of WhiteWave Foods from an “overweight” rating to an “equal weight” rating and set a $56.25 target price on the stock. in a research report on Tuesday, August 9th. Three equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $52.38.

Analyst Recommendations for WhiteWave Foods (NYSE:WWAV)

WhiteWave Foods (NYSE:WWAV) last released its earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The firm had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. WhiteWave Foods had a net margin of 4.80% and a return on equity of 17.99%. The company’s revenue was up 13.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.24 EPS.

A number of large investors have recently added to or reduced their stakes in WWAV. Geode Capital Management LLC raised 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 worth $42,673,000 after buying an additional 54,394 shares during the period. Wesbanco Bank Inc. raised its stake in shares of WhiteWave Foods by 300.1% in the second quarter. Wesbanco Bank Inc. now owns 241,197 shares of the company’s stock worth $11,322,000 after buying an additional 180,920 shares during the period. Nisa Investment Advisors LLC raised its stake in shares of 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 during the period. Nuveen Asset Management LLC raised its stake 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 during the period. Finally, Homrich & Berg bought a new stake in shares of WhiteWave Foods during the second quarter worth about $784,000. 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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