Boussard Gavaudan Investment Management Llp buys $2,050,000 stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Boussard Gavaudan Investment Management Llp scooped up 18,500 additional shares in WhiteWave Foods Co during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 2, 2016. The investment management firm now holds a total of 50,000 shares of WhiteWave Foods Co which is valued at $2,050,000.WhiteWave Foods Co makes up approximately 1.14% of Boussard Gavaudan Investment Management Llp’s portfolio.

WhiteWave Foods Co opened for trading at $40.66 and hit $41.11 on the upside on Friday, eventually ending the session at $41, with a gain of 0.66% or 0.27 points. The heightened volatility saw the trading volume jump to 10,43,591 shares. Company has a market cap of $7,230 M.

Other Hedge Funds, Including , Nordea Investment Management Ab reduced its stake in WWAV by selling 98,455 shares or 95.12% in the most recent quarter. The Hedge Fund company now holds 5,053 shares of WWAV which is valued at $203,181.Norris Perne French Llpmi boosted its stake in WWAV in the latest quarter, The investment management firm added 43,795 additional shares and now holds a total of 96,085 shares of WhiteWave Foods Co which is valued at $3,882,795. WhiteWave Foods Co makes up approx 0.80% of Norris Perne French Llpmi’s portfolio.Windward Capital Management Co Ca reduced its stake in WWAV by selling 131 shares or 0.49% in the most recent quarter. The Hedge Fund company now holds 26,712 shares of WWAV which is valued at $1,079,432. WhiteWave Foods Co makes up approx 0.21% of Windward Capital Management Co Ca’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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