Charter Trust Co Lowers stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Charter Trust Co reduced its stake in WhiteWave Foods Co by 16.77% during the most recent quarter end. The investment management company now holds a total of 13,249 shares of WhiteWave Foods Co which is valued at $712,134 after selling 2,670 shares in WhiteWave Foods Co , the firm said in a disclosure report filed with the SEC on Oct 14, 2016.WhiteWave Foods Co makes up approximately 0.08% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Fjarde Ap-fonden Fourth Swedish National Pension Fund boosted its stake in WWAV in the latest quarter, The investment management firm added 3,121 additional shares and now holds a total of 52,192 shares of WhiteWave Foods Co which is valued at $2,805,320. WhiteWave Foods Co makes up approx 0.06% of Fjarde Ap-fonden Fourth Swedish National Pension Fund’s portfolio.Eagle Asset Management Inc reduced its stake in WWAV by selling 283,121 shares or 16.16% in the most recent quarter. The Hedge Fund company now holds 1,469,139 shares of WWAV which is valued at $78,672,393. WhiteWave Foods Co makes up approx 0.54% of Eagle Asset Management Inc’s portfolio. Grassi Investment Management sold out all of its stake in WWAV during the most recent quarter. The investment firm sold 13,950 shares of WWAV which is valued $747,023.Weaver C. Barksdale Associates reduced its stake in WWAV by selling 25 shares or 6.49% in the most recent quarter. The Hedge Fund company now holds 360 shares of WWAV which is valued at $19,278. WhiteWave Foods Co makes up approx 0.03% of Weaver C. Barksdale Associates’s portfolio.

WhiteWave Foods Co closed down -0.25 points or -0.46% at $53.75 with 29,49,415 shares getting traded on Friday. Post opening the session at $54, the shares hit an intraday low of $53.66 and an intraday high of $54.06 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

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 Bernstein to ” Mkt Perform” on Sep 9, 2016. 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.

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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