Emerging Sovereign Group Lowers stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Emerging Sovereign Group reduced its stake in WhiteWave Foods Co by 53.68% during the most recent quarter end. The investment management company now holds a total of 1,192,323 shares of WhiteWave Foods Co which is valued at $65,756,613 after selling 1,381,625 shares in WhiteWave Foods Co , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.WhiteWave Foods Co makes up approximately 4.26% of Emerging Sovereign Group’s portfolio.

Other Hedge Funds, Including , Clinton Group Inc reduced its stake in WWAV by selling 97,167 shares or 80.44% in the most recent quarter. The Hedge Fund company now holds 23,622 shares of WWAV which is valued at $1,302,753. WhiteWave Foods Co makes up approx 0.05% of Clinton Group Inc’s portfolio.Engineers Gate Manager Lp boosted its stake in WWAV in the latest quarter, The investment management firm added 20,802 additional shares and now holds a total of 37,002 shares of WhiteWave Foods Co which is valued at $2,040,660. WhiteWave Foods Co makes up approx 0.14% of Engineers Gate Manager Lp’s portfolio.Pacad Investment Ltd. boosted its stake in WWAV in the latest quarter, The investment management firm added 1,601 additional shares and now holds a total of 8,400 shares of WhiteWave Foods Co which is valued at $463,260. WhiteWave Foods Co makes up approx 0.06% of Pacad Investment Ltd.’s portfolio.Quadrant Capital Group boosted its stake in WWAV in the latest quarter, The investment management firm added 58 additional shares and now holds a total of 113 shares of WhiteWave Foods Co which is valued at $6,270.

WhiteWave Foods Co opened for trading at $55.32 and hit $55.49 on the upside on Monday, eventually ending the session at $55.48, with a gain of 0.43% or 0.24 points. The heightened volatility saw the trading volume jump to 23,21,169 shares. Company has a market cap of $9,831 M.

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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