WhiteWave Foods Co. (WWAV) Downgraded by Zacks Investment Research to Sell

Zacks Investment Research lowered shares of WhiteWave Foods Co. (NYSE:WWAV) from a hold rating to a sell rating in a research report sent to investors on Saturday 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 have also commented on WWAV. Susquehanna lowered WhiteWave Foods from a positive rating to a neutral rating and cut their price objective for the stock from $58.00 to $56.25 in a report on Friday, October 21st. Sanford C. Bernstein lowered WhiteWave Foods from an outperform rating to a market perform rating and set a $56.00 price objective for the company. in a report on Friday, September 9th. Argus lowered WhiteWave Foods from a buy rating to a sell rating in a report on Wednesday, August 24th. Wells Fargo & Co. lowered WhiteWave Foods from an outperform rating to a market perform rating in a report on Wednesday, August 17th. Finally, Credit Agricole SA lowered WhiteWave Foods from an outperform rating to an underperform rating and boosted their price objective for the stock from $47.00 to $56.25 in a report on Wednesday, August 10th. Three analysts have rated the stock with a sell rating, twenty have given a hold rating and five have issued a buy rating to the company’s stock. WhiteWave Foods has a consensus rating of Hold and an average target price of $52.38.

Analyst Recommendations for WhiteWave Foods (NYSE:WWAV)

Shares of WhiteWave Foods (NYSE:WWAV) opened at 54.15 on Friday. WhiteWave Foods has a 52-week low of $31.40 and a 52-week high of $56.82. The firm has a market cap of $9.60 billion, a P/E ratio of 50.85 and a beta of 1.51. The firm’s 50-day moving average is $54.31 and its 200-day moving average is $51.24.

WhiteWave Foods (NYSE:WWAV) last posted its earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.30 by $0.01. The business earned $1.05 billion during the quarter, compared to analyst estimates of $1.04 billion. WhiteWave Foods had a return on equity of 17.99% and a net margin of 4.80%. The company’s quarterly revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.24 EPS. Analysts anticipate that WhiteWave Foods will post $1.42 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Gateway Investment Advisers LLC bought a new stake in WhiteWave Foods during the second quarter worth approximately $8,308,000. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its stake in WhiteWave Foods by 2.0% in the second quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 67,141 shares of the company’s stock worth $3,152,000 after buying an additional 1,290 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in WhiteWave Foods by 1.7% in the second quarter. Benjamin F. Edwards & Company Inc. now owns 17,932 shares of the company’s stock worth $842,000 after buying an additional 300 shares in the last quarter. DNB Asset Management AS boosted its stake in WhiteWave Foods by 3.2% in the second quarter. DNB Asset Management AS now owns 25,603 shares of the company’s stock worth $582,000 after buying an additional 800 shares in the last quarter. Finally, British Columbia Investment Management Corp boosted its stake in WhiteWave Foods by 31.9% in the second quarter. British Columbia Investment Management Corp now owns 107,487 shares of the company’s stock worth $5,045,000 after buying an additional 26,000 shares in the last quarter. 84.11% of the stock is currently owned by hedge funds and other institutional investors.

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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