Shikiar Asset Management Inc Lowers stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Shikiar Asset Management Inc reduced its stake in WhiteWave Foods Co by 1.2% during the most recent quarter end. The investment management company now holds a total of 195,730 shares of WhiteWave Foods Co which is valued at $7,909,449 after selling 2,375 shares in WhiteWave Foods Co , the firm said in a disclosure report filed with the SEC on Apr 21, 2016.WhiteWave Foods Co makes up approximately 3.60% of Shikiar Asset Management Inc’s portfolio.

WhiteWave Foods Co opened for trading at $41.23 and hit $41.73 on the upside on Wednesday, eventually ending the session at $41.4, with a gain of 0.49% or 0.2 points. The heightened volatility saw the trading volume jump to 9,79,105 shares. Company has a market cap of $7,301 M.

Other Hedge Funds, Including , Dumont Blake Investment Advisors reduced its stake in WWAV by selling 41 shares or 0.24% in the most recent quarter. The Hedge Fund company now holds 17,329 shares of WWAV which is valued at $700,265. WhiteWave Foods Co makes up approx 0.36% of Dumont Blake Investment Advisors’s portfolio. Gierl Augustine Investment Management Inc added WWAV to its portfolio by purchasing 550 company shares during the most recent quarter which is valued at $21,956. WhiteWave Foods Co makes up approx 0.02% of Gierl Augustine Investment Management Inc’s portfolio.Eagle Asset Management Inc reduced its stake in WWAV by selling 267,488 shares or 11.94% in the most recent quarter. The Hedge Fund company now holds 1,972,159 shares of WWAV which is valued at $76,500,048. WhiteWave Foods Co makes up approx 0.54% of Eagle Asset Management Inc’s portfolio.New England Research Management boosted its stake in WWAV in the latest quarter, The investment management firm added 900 additional shares and now holds a total of 17,450 shares of WhiteWave Foods Co which is valued at $676,886. WhiteWave Foods Co makes up approx 0.58% of New England Research Management’s portfolio.

On the company’s financial health, WhiteWave Foods Co reported $0.36 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Feb 11, 2016. Analyst had a consensus of $0.34. The company had revenue of $1028.00 million for the quarter, compared to analysts expectations of $1038.24 million. The company’s revenue was up 12.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on WhiteWave Foods Co. WhiteWave Foods Co was Initiated by Atlantic Equities to “Overweight” on Apr 7, 2016. WhiteWave Foods Co was Downgraded by Credit Agricole to ” Outperform” on Apr 4, 2016. Shares were Reiterated by Wunderlich on Feb 12, 2016 to “Hold” and Lowered the Price Target to $ 39 from a previous price target of $42 .

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 across North America and Europe. Its segments include Americas Foods & Beverages Americas Fresh Foods and Europe Foods & Beverages. It is engaged in the manufacturing marketing distribution and sale of plant-based beverages in China. In North America it distributes the brands including Silk and So Delicious plant-based foods and beverages; International Delight and LAND O LAKES coffee creamers and beverages; Horizon Organic dairy products and Earthbound Farm organic salads fruits and vegetables. Its plant-based foods and beverages brands in Europe include Alpro and Provamel. It sells its plant-based beverages in China under the Silk ZhiPuMoFang brand. In addition it also offers the Vega brand which includes plant-based nutrition products.

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