Harbour Capital Advisors Lowers stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Harbour Capital Advisors reduced its stake in WhiteWave Foods Co by 23.78% during the most recent quarter end. The investment management company now holds a total of 19,314 shares of WhiteWave Foods Co which is valued at $1,042,956 after selling 6,025 shares in WhiteWave Foods Co , the firm said in a disclosure report filed with the SEC on Oct 13, 2016.WhiteWave Foods Co makes up approximately 0.57% of Harbour Capital Advisors’s portfolio.

Other Hedge Funds, Including , Msi Financial Services Inc reduced its stake in WWAV by selling 7,726 shares or 81.83% in the most recent quarter. The Hedge Fund company now holds 1,715 shares of WWAV which is valued at $92,610.Creative Planning reduced its stake in WWAV by selling 3,453 shares or 34.41% in the most recent quarter. The Hedge Fund company now holds 6,581 shares of WWAV which is valued at $352,413.Cutler Group Lp reduced its stake in WWAV by selling 50,538 shares or 25.82% in the most recent quarter. The Hedge Fund company now holds 145,157 shares of WWAV which is valued at $7,790,576. WhiteWave Foods Co makes up approx 0.48% of Cutler Group Lp’s portfolio.

WhiteWave Foods Co closed down -0.12 points or -0.22% at $53.55 with 48,02,506 shares getting traded on Tuesday. Post opening the session at $53.62, the shares hit an intraday low of $53.3 and an intraday high of $53.8 and the price fluctuated in this range throughout the day.Shares ended Tuesday 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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