Principal Financial Group Inc. raised its stake in WhiteWave Foods Co. (NYSE:WWAV) by 14.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 669,835 shares of the company’s stock after buying an additional 82,995 shares during the period. Principal Financial Group Inc. owned 0.38% of WhiteWave Foods worth $31,443,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also modified their holdings of the company. Brown Advisory Inc. boosted its position in shares of WhiteWave Foods by 6.2% in the second quarter. Brown Advisory Inc. now owns 397,782 shares of the company’s stock valued at $18,672,000 after buying an additional 23,347 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of WhiteWave Foods by 5.3% in the second quarter. Private Advisor Group LLC now owns 9,802 shares of the company’s stock valued at $465,000 after buying an additional 493 shares in the last quarter. Parnassus Investments CA boosted its position in WhiteWave Foods by 21.7% in the second quarter. Parnassus Investments CA now owns 182,500 shares of the company’s stock worth $8,567,000 after buying an additional 32,500 shares during the period. Teacher Retirement System of Texas boosted its position in WhiteWave Foods by 31.1% in the second quarter. Teacher Retirement System of Texas now owns 12,582 shares of the company’s stock worth $591,000 after buying an additional 2,987 shares during the period. Finally, Apertura Capital LLC purchased a new position in WhiteWave Foods during the second quarter worth $1,878,000. Institutional investors and hedge funds own 84.97% of the company’s stock.
Shares of WhiteWave Foods Co. (NYSE:WWAV) traded down 0.16% during midday trading on Friday, hitting $55.01. 647,631 shares of the stock traded hands. The stock has a 50-day moving average of $55.40 and a 200-day moving average of $47.60. The company has a market cap of $9.75 billion, a price-to-earnings ratio of 51.65 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.
WhiteWave Foods (NYSE:WWAV) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, topping the Thomson Reuters’ 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 4.66% and a return on equity of 18.47%. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. During the same period last year, the firm posted $0.24 earnings per share. On average, equities analysts predict that WhiteWave Foods Co. will post $1.42 earnings per share for the current fiscal year.
A number of research firms recently weighed in on WWAV. Susquehanna restated a “buy” rating on shares of WhiteWave Foods in a research note on Saturday, June 4th. Credit Suisse Group AG cut shares of WhiteWave Foods from an “outperform” rating to a “neutral” rating in a research note on Saturday, July 9th. JPMorgan Chase & Co. cut shares of WhiteWave Foods from an “overweight” rating to a “neutral” rating in a research note on Friday, July 8th. Maxim Group restated a “buy” rating and set a $60.00 target price (up previously from $55.00) on shares of WhiteWave Foods in a research note on Thursday, July 7th. Finally, Jefferies Group cut shares of WhiteWave Foods from a “buy” rating to a “hold” rating and set a $56.00 target price on the stock. in a research note on Wednesday, July 13th. Two investment analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and six have issued a buy rating to the company’s stock. WhiteWave Foods presently has an average rating of “Hold” and an average price target of $51.76.
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.
Receive News & Ratings for WhiteWave Foods Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for WhiteWave Foods Co. and related companies with MarketBeat.com's FREE daily email newsletter.