WhiteWave Foods Co (WWAV) was Downgraded by Morgan Stanley to ” Equal-Weight”. Earlier the firm had a rating of “Overweight ” on the company shares. Morgan Stanley advised their investors in a research report released on Aug 10, 2016.
Many Wall Street Analysts have commented on WhiteWave Foods Co. WhiteWave Foods Co was Downgraded by CLSA to ” Underperform” on Aug 10, 2016. Company shares were Downgraded by DA Davidson on Aug 10, 2016 to ” Neutral”, Firm has raised the Price Target to $ 56.25 from a previous price target of $55 .WhiteWave Foods Co was Upgraded by Maxim Group to ” Buy” on Aug 9, 2016.
On the company’s financial health, WhiteWave Foods Co reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.30. The company had revenue of $1050.00 million for the quarter, compared to analysts expectations of $1041.00 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.
WhiteWave Foods Co closed down -0.03 points or -0.05% at $55.56 with 13,03,410 shares getting traded on Monday. Post opening the session at $55.6, the shares hit an intraday low of $55.56 and an intraday high of $55.71 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
In a different news, on Mar 7, 2016, Gregg L Engles (Chairman and CEO) sold 25,000 shares at $40.22 per share price. According to the SEC, on Feb 19, 2016, Joseph S Jr Hardin (director) sold 25,419 shares at $38.49 per share price. On Feb 19, 2016, Doreen A Wright (director) sold 4,000 shares at $38.24 per share price, according to the Form-4 filing with the securities and exchange commission.
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.