Zacks Investment Research upgraded shares of WhiteWave Foods Co. (NYSE:WWAV) from a sell rating to a hold rating in a report released on Tuesday 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. “

Several other research analysts also recently weighed in on the stock. Argus downgraded shares of WhiteWave Foods from a buy rating to a sell rating in a report on Wednesday, August 24th. Sanford C. Bernstein downgraded shares of WhiteWave Foods from an outperform rating to a market perform rating and set a $56.00 target price for the company. in a report on Friday, September 9th. Susquehanna downgraded shares of WhiteWave Foods from a positive rating to a neutral rating and dropped their target price for the stock from $58.00 to $56.25 in a report on Friday, October 21st. Wells Fargo & Co. downgraded shares of WhiteWave Foods from an outperform rating to a market perform rating in a report on Wednesday, August 17th. Finally, William Blair downgraded shares of WhiteWave Foods from an outperform rating to a market perform rating in a report on Monday, August 1st. Two analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have assigned a buy rating to the stock. WhiteWave Foods has a consensus rating of Hold and a consensus target price of $52.69.

Analyst Recommendations for WhiteWave Foods (NYSE:WWAV)

WhiteWave Foods (NYSE:WWAV) traded up 0.282% during midday trading on Tuesday, reaching $55.075. 87,834 shares of the company traded hands. The company has a 50-day moving average price of $54.31 and a 200-day moving average price of $52.08. WhiteWave Foods has a 12-month low of $31.40 and a 12-month high of $56.82. The company has a market cap of $9.76 billion, a price-to-earnings ratio of 49.842 and a beta of 1.51.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Water Island Capital LLC purchased a new position in WhiteWave Foods during the third quarter worth $38,681,000. LPL Financial LLC boosted its position in WhiteWave Foods by 39.0% in the third quarter. LPL Financial LLC now owns 6,443 shares of the company’s stock worth $353,000 after buying an additional 1,808 shares during the last quarter. Credit Suisse AG boosted its position in WhiteWave Foods by 28.7% in the third quarter. Credit Suisse AG now owns 1,080,255 shares of the company’s stock worth $58,799,000 after buying an additional 240,728 shares during the last quarter. Cetera Advisor Networks LLC purchased a new position in WhiteWave Foods during the third quarter worth $204,000. Finally, Xact Kapitalforvaltning AB purchased a new position in WhiteWave Foods during the third quarter worth $1,737,000. 73.47% of the stock is owned by institutional investors.

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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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