WhiteWave Foods Co. (WWAV) Cut to Market Perform at Sanford C. Bernstein

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WhiteWave Foods Co. (NYSE:WWAV) was downgraded by stock analysts at Sanford C. Bernstein from an “outperform” rating to a “market perform” rating in a research note issued on Friday.
WWAV has been the topic of a number of other research reports. Atlantic Securities lowered WhiteWave Foods from an “overweight” rating to a “neutral” rating in a research note on Friday, July 8th. Argus restated a “buy” rating on shares of WhiteWave Foods in a research note on Wednesday, May 18th. Barclays PLC lowered WhiteWave Foods from an “overweight” rating to an “equal weight” rating in a research note on Monday, July 18th. Jefferies Group raised their price objective on WhiteWave Foods from $53.00 to $56.00 and gave the stock a “hold” rating in a research note on Thursday, July 7th. Finally, Maxim Group upgraded WhiteWave Foods from a “hold” rating to a “buy” rating in a research note on Tuesday, August 9th. Two 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. WhiteWave Foods has an average rating of “Hold” and an average target price of $51.62.
WhiteWave Foods (NYSE:WWAV) opened at 55.57 on Friday. The firm has a market cap of $9.85 billion, a price-to-earnings ratio of 52.18 and a beta of 1.52. The firm has a 50-day moving average price of $55.42 and a 200 day moving average price of $46.39. WhiteWave Foods has a 1-year low of $31.40 and a 1-year high of $56.82.

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WhiteWave Foods (NYSE:WWAV) last posted its quarterly earnings data on Tuesday, August 9th. The company reported $0.31 EPS for the quarter, topping the Zacks’ consensus estimate of $0.30 by $0.01. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter last year, the business earned $0.24 EPS. WhiteWave Foods’s revenue was up 13.6% on a year-over-year basis. Equities analysts predict that WhiteWave Foods will post $1.41 earnings per share for the current year.
A number of hedge funds and institutional investors recently made changes to their positions in WWAV. Nordea Investment Management AB increased its position in shares of WhiteWave Foods by 21.9% in the second quarter. Nordea Investment Management AB now owns 6,158 shares of the company’s stock valued at $289,000 after buying an additional 1,105 shares during the last quarter. Scott & Selber Inc. bought a new position in shares of WhiteWave Foods during the second quarter valued at approximately $3,183,000. First Citizens Bank & Trust Co. bought a new position in shares of WhiteWave Foods during the second quarter valued at approximately $1,737,000. Public Employees Retirement Association of Colorado increased its position in shares of 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 valued at $57,355,000 after buying an additional 850,037 shares during the last quarter. Finally, Emerald Mutual Fund Advisers Trust increased its position in shares of WhiteWave Foods by 2.5% in the second quarter. Emerald Mutual Fund Advisers Trust now owns 5,186 shares of the company’s stock valued at $243,000 after buying an additional 126 shares during the last quarter. 85.51% 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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