WhiteWave Foods Co (WWAV) was Reiterated by Maxim Group to “Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 55 from a previous price target of $48 . Maxim Group advised their investors in a research report released on May 10, 2016.
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 .
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.
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.
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.