Huntington National Bank increased its position in WhiteWave Foods Co. (NYSE:WWAV) by 332.6% during the second quarter, Holdings Channel reports. The institutional investor owned 80,317 shares of the company’s stock after buying an additional 61,752 shares during the period. Huntington National Bank’s holdings in WhiteWave Foods were worth $3,770,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the company. UBS Asset Management Americas Inc. increased its position in shares of 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 during the last quarter. AMI Asset Management Corp increased its position in shares of WhiteWave Foods by 916.9% in the second quarter. AMI Asset Management Corp now owns 384,680 shares of the company’s stock worth $18,057,000 after buying an additional 346,852 shares during the last quarter. BlackRock Group LTD increased its position in shares of WhiteWave Foods by 40.0% in the first quarter. BlackRock Group LTD now owns 982,575 shares of the company’s stock worth $39,931,000 after buying an additional 280,727 shares during the last quarter. Jag Capital Management LLC purchased a new position in shares of WhiteWave Foods during the second quarter worth approximately $10,473,000. Finally, Credit Agricole S A increased its position in shares of WhiteWave Foods by 133.3% in the first quarter. Credit Agricole S A now owns 355,772 shares of the company’s stock worth $14,459,000 after buying an additional 203,301 shares during the last quarter. 84.97% of the stock is currently owned by institutional investors and hedge funds.
Shares of WhiteWave Foods Co. (NYSE:WWAV) traded down 0.46% during trading on Friday, hitting $53.75. 2,949,415 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $54.96 and its 200 day moving average is $49.15. WhiteWave Foods Co. has a 1-year low of $31.40 and a 1-year high of $56.82. The firm has a market capitalization of $9.52 billion, a PE ratio of 50.47 and a beta of 1.52.
WhiteWave Foods (NYSE:WWAV) last released its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.01. WhiteWave Foods had a net margin of 4.66% and a return on equity of 18.47%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same period in the previous year, the firm earned $0.24 EPS. WhiteWave Foods’s revenue was up 13.6% on a year-over-year basis. On average, equities research analysts forecast that WhiteWave Foods Co. will post $1.42 earnings per share for the current year.
WWAV has been the subject of a number of analyst reports. Morgan Stanley reiterated a “buy” rating on shares of WhiteWave Foods in a research note on Sunday, July 10th. Susquehanna restated a “buy” rating and issued a $58.00 price objective on shares of WhiteWave Foods in a research note on Sunday, July 3rd. Maxim Group upgraded shares of WhiteWave Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. SunTrust Banks Inc. downgraded shares of WhiteWave Foods from a “buy” rating to a “neutral” rating in a research note on Tuesday, July 12th. Finally, Zacks Investment Research downgraded shares of WhiteWave Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, July 20th. Two equities research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and six have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $52.12.
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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