Pictet Cie (europe) Sa buys $9,376,879 stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Pictet Cie (europe) Sa scooped up 5,785 additional shares in WhiteWave Foods Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 10, 2016. The investment management firm now holds a total of 170,025 shares of WhiteWave Foods Co which is valued at $9,376,879.WhiteWave Foods Co makes up approximately 1.85% of Pictet Cie (europe) Sa’s portfolio.

Other Hedge Funds, Including , Mizuho Asset Managementltd. added WWAV to its portfolio by purchasing 2,394 company shares during the most recent quarter which is valued at $132,029. WhiteWave Foods Co makes up approx 0.02% of Mizuho Asset Managementltd.’s portfolio.Assetmark Inc reduced its stake in WWAV by selling 54 shares or 4.48% in the most recent quarter. The Hedge Fund company now holds 1,151 shares of WWAV which is valued at $63,627.Chicago Partners Investment Group reduced its stake in WWAV by selling 297 shares or 16.71% in the most recent quarter. The Hedge Fund company now holds 1,480 shares of WWAV which is valued at $81,814. WhiteWave Foods Co makes up approx 0.04% of Chicago Partners Investment Group’s portfolio.Blume Capital Management reduced its stake in WWAV by selling 10 shares or 2.0% in the most recent quarter. The Hedge Fund company now holds 490 shares of WWAV which is valued at $27,239. WhiteWave Foods Co makes up approx 0.03% of Blume Capital Management’s portfolio.Yhb Investment Advisors boosted its stake in WWAV in the latest quarter, The investment management firm added 2,035 additional shares and now holds a total of 74,125 shares of WhiteWave Foods Co which is valued at $4,109,490. WhiteWave Foods Co makes up approx 0.87% of Yhb Investment Advisors’s portfolio.

WhiteWave Foods Co closed down -0.06 points or -0.11% at $55.15 with 28,17,119 shares getting traded on Friday. Post opening the session at $55.15, the shares hit an intraday low of $55.09 and an intraday high of $55.35 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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.

Many Wall Street Analysts have commented on WhiteWave Foods Co. WhiteWave Foods Co was Downgraded by Wells Fargo to ” Market Perform” on Aug 17, 2016. 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 .

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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