WhiteWave Foods Co (WWAV) : Emerging Sovereign Group scooped up 288,900 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 13, 2016. The investment management firm now holds a total of 2,573,948 shares of WhiteWave Foods Co which is valued at $113.5 Million.WhiteWave Foods Co makes up approximately 6.99% of Emerging Sovereign Group’s portfolio.
Other Hedge Funds, Including , Assetmark Inc boosted its stake in WWAV in the latest quarter, The investment management firm added 472 additional shares and now holds a total of 1,205 shares of WhiteWave Foods Co which is valued at $53,116. Scotia Capital sold out all of its stake in WWAV during the most recent quarter. The investment firm sold 6,630 shares of WWAV which is valued $292,250.Municipal Employees’ Retirement System Of Michigan boosted its stake in WWAV in the latest quarter, The investment management firm added 2,550 additional shares and now holds a total of 58,790 shares of WhiteWave Foods Co which is valued at $2.4 Million. WhiteWave Foods Co makes up approx 0.16% of Municipal Employees’ Retirement System Of Michigan’s portfolio.Evercore Wealth Management boosted its stake in WWAV in the latest quarter, The investment management firm added 621 additional shares and now holds a total of 681 shares of WhiteWave Foods Co which is valued at $27,921.
WhiteWave Foods Co opened for trading at $44.65 and hit $44.73 on the upside on Wednesday, eventually ending the session at $44.57, with a gain of 0.11% or 0.05 points. The heightened volatility saw the trading volume jump to 9,70,064 shares. Company has a market cap of $7,885 M.
On the company’s financial health, WhiteWave Foods Co reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 10, 2016. Analyst had a consensus of $0.26. The company had revenue of $1040.00 million for the quarter, compared to analysts expectations of $1015.95 million. The company’s revenue was up 14.2% 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. Company shares were Reiterated by Wunderlich on May 18, 2016 to “Hold”, Firm has raised the Price Target to $ 42 from a previous price target of $39 .Company shares were Reiterated by Piper Jaffray on May 11, 2016 to “Overweight”, Firm has raised the Price Target to $ 51 from a previous price target of $43 .Company shares were Reiterated by Stifel on May 11, 2016 to “Buy”, Firm has raised the Price Target to $ 52 from a previous price target of $50 .
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.