Scott & Selber Inc. bought a new position in shares of WhiteWave Foods Co. (NYSE:WWAV) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 67,820 shares of the company’s stock, valued at approximately $3,183,000. WhiteWave Foods accounts for approximately 2.1% of Scott & Selber Inc.’s investment portfolio, making the stock its 17th largest position.
A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Bessemer Group Inc. increased its position in shares of WhiteWave Foods by 1,487.0% in the first quarter. Bessemer Group Inc. now owns 3,063 shares of the company’s stock worth $124,000 after buying an additional 2,870 shares during the last quarter. Checchi Capital Advisers LLC boosted its stake in WhiteWave Foods by 86.6% in the second quarter. Checchi Capital Advisers LLC now owns 3,420 shares of the company’s stock worth $161,000 after buying an additional 1,587 shares during the period. Seven Eight Capital LLC boosted its stake in WhiteWave Foods by 84.7% in the first quarter. Seven Eight Capital LLC now owns 4,797 shares of the company’s stock worth $195,000 after buying an additional 2,200 shares during the period. Sigma Planning Corp bought a new stake in WhiteWave Foods during the second quarter worth approximately $216,000. Finally, Emerald Mutual Fund Advisers Trust boosted its stake in WhiteWave Foods by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 5,186 shares of the company’s stock worth $243,000 after buying an additional 126 shares during the period. 84.85% of the stock is currently owned by institutional investors and hedge funds.
WhiteWave Foods Co. (NYSE:WWAV) traded up 0.33% during midday trading on Tuesday, hitting $54.28. 2,338,069 shares of the stock were exchanged. The stock has a market cap of $9.62 billion, a P/E ratio of 50.97 and a beta of 1.53. WhiteWave Foods Co. has a one year low of $31.40 and a one year high of $56.82. The firm has a 50-day moving average price of $54.89 and a 200-day moving average price of $49.40.
WhiteWave Foods (NYSE:WWAV) last issued 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. WhiteWave Foods had a return on equity of 18.47% and a net margin of 4.66%. The firm earned $1.05 billion during the quarter, compared to the consensus estimate of $1.04 billion. During the same period last year, the company earned $0.24 earnings per share. The company’s revenue for the quarter was up 13.6% on a year-over-year basis. On average, equities research analysts anticipate that WhiteWave Foods Co. will post $1.42 EPS for the current fiscal year.
A number of research firms recently commented on WWAV. 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. Susquehanna reiterated a “buy” rating on shares of WhiteWave Foods in a research note on Sunday, July 17th. 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 reiterated a “buy” rating and issued a $60.00 target price (up 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 for the company. in a research note on Wednesday, July 13th. Two equities research analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and six have issued a buy rating to the company’s stock. WhiteWave Foods has a consensus rating of “Hold” and a consensus price target of $52.12.
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.
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