WhiteWave Foods Co (WWAV) was Downgraded by Maxim Group to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Maxim Group advised their investors in a research report released on Aug 3, 2016.
Many Wall Street Analysts have commented on WhiteWave Foods Co. Jefferies Downgraded WhiteWave Foods Co on Jul 13, 2016 to ” Hold”, Price Target of the shares are set at $56.WhiteWave Foods Co was Downgraded by SunTrust to ” Neutral” on Jul 12, 2016. WhiteWave Foods Co was Downgraded by Stifel to ” Hold” on Jul 8, 2016.
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 (WWAV) witnessed a volatile trading activity on Tusday , and eventually ended flat at 0.00% or 0 points without letting the bulls or bears take much advantage. The trading began at $55.46 and reached the intraday high at $55.62. The bulls started the profit booking and pushed the shares to intraday low of $55.38. The trading session was marked by a volume range of 26,49,661 shares exchanging hands. The 52-week high of the shares is $56.82 and the 52-week low is $31.4. The market cap of the company stands at $9,810 M and there are 17,69,18,230 shares in public circulation.
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.