WhiteWave Foods Co. (NYSE:WWAV) has received a consensus recommendation of “Hold” from the twenty-nine brokerages that are currently covering the stock. Two equities research analysts have rated the stock with a sell recommendation, twenty have given a hold recommendation and seven have issued a buy recommendation on the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $52.27.
Several equities research analysts have recently weighed in on the stock. Atlantic Securities downgraded shares of WhiteWave Foods from an “overweight” rating to a “neutral” rating in a research note on Friday, July 8th. Barclays PLC downgraded shares of WhiteWave Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 18th. Jefferies Group raised their price target on shares of WhiteWave Foods from $53.00 to $56.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Zacks Investment Research raised shares of WhiteWave Foods from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a research note on Tuesday, September 27th. Finally, Maxim Group raised shares of WhiteWave Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th.
A number of institutional investors have recently bought and sold shares of the company. Compagnie Lombard Odier SCmA raised its position in WhiteWave Foods by 322,857.1% in the second quarter. Compagnie Lombard Odier SCmA now owns 2,260,700 shares of the company’s stock worth $106,117,000 after buying an additional 2,260,000 shares in the last quarter. UBS Asset Management Americas Inc. raised 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 worth $118,340,000 after buying an additional 1,573,949 shares in the last quarter. Norges Bank acquired a new position in WhiteWave Foods during the fourth quarter worth about $40,453,000. Public Employees Retirement Association of Colorado raised 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 worth $57,355,000 after buying an additional 850,037 shares in the last quarter. Finally, Fiera Capital Corp raised its position in WhiteWave Foods by 1,527.2% in the second quarter. Fiera Capital Corp now owns 813,587 shares of the company’s stock worth $38,190,000 after buying an additional 763,587 shares in the last quarter. 84.97% of the stock is owned by institutional investors.
WhiteWave Foods (NYSE:WWAV) opened at 53.98 on Tuesday. WhiteWave Foods has a one year low of $31.40 and a one year high of $56.82. The stock has a market capitalization of $9.56 billion, a PE ratio of 50.69 and a beta of 1.52. The firm has a 50-day moving average of $55.14 and a 200 day moving average of $48.74.
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 Thomson Reuters’ consensus estimate of $0.30 by $0.01. WhiteWave Foods had a net margin of 4.66% and a return on equity of 18.47%. The business had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm posted $0.24 earnings per share. The business’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts anticipate that WhiteWave Foods will post $1.42 earnings per share for the current fiscal year.
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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