Trade Report: Today: Parsons Capital Management Inc. RI Cuts Position in WhiteWave Foods Co. (WWAV)

Today: Parsons Capital Management Inc. RI Cuts Position in WhiteWave Foods Co. (WWAV)

Parsons Capital Management Inc. RI decreased its position in shares of WhiteWave Foods Co. (NYSE:WWAV) by 71.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 10,690 shares of the company’s stock after selling 26,965 shares during the period. Parsons Capital Management Inc. RI’s holdings in WhiteWave Foods were worth $582,000 as of its most recent filing with the SEC.

Several other hedge funds have also made changes to their positions in WWAV. Nisa Investment Advisors LLC boosted its stake in WhiteWave Foods by 36.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,439 shares of the company’s stock valued at $349,000 after buying an additional 2,000 shares in the last quarter. Eqis Capital Management Inc. boosted its stake in WhiteWave Foods by 5.0% in the second quarter. Eqis Capital Management Inc. now owns 7,919 shares of the company’s stock valued at $372,000 after buying an additional 375 shares in the last quarter. Capstone Asset Management Co. boosted its stake in WhiteWave Foods by 9.5% in the second quarter. Capstone Asset Management Co. now owns 19,138 shares of the company’s stock valued at $898,000 after buying an additional 1,660 shares in the last quarter. Grassi Investment Management boosted its stake in WhiteWave Foods by 6.1% in the second quarter. Grassi Investment Management now owns 13,950 shares of the company’s stock valued at $655,000 after buying an additional 800 shares in the last quarter. Finally, Gateway Investment Advisers LLC purchased a new stake in WhiteWave Foods during the second quarter valued at about $8,308,000. Institutional investors own 81.93% of the company’s stock.

Shares of WhiteWave Foods Co. (NYSE:WWAV) traded down 0.027% on Monday, reaching $55.175. 597,009 shares of the company’s stock traded hands. WhiteWave Foods Co. has a 12-month low of $31.40 and a 12-month high of $56.82. The company has a market cap of $9.78 billion, a PE ratio of 49.932 and a beta of 1.51. The stock has a 50-day moving average price of $54.33 and a 200-day moving average price of $52.20.

Several analysts have recently weighed in on the stock. Argus cut shares of WhiteWave Foods from a “buy” rating to a “sell” rating in a research report on Wednesday, August 24th. Zacks Investment Research upgraded shares of WhiteWave Foods from a “hold” rating to a “buy” rating and set a $61.00 price objective on the stock in a research report on Tuesday, September 27th. Sanford C. Bernstein cut shares of WhiteWave Foods from an “outperform” rating to a “market perform” rating and set a $56.00 price objective on the stock. in a research report on Friday, September 9th. Susquehanna cut shares of WhiteWave Foods from a “positive” rating to a “neutral” rating and lowered their price objective for the company from $58.00 to $56.25 in a research report on Friday, October 21st. Finally, Wells Fargo & Co. cut shares of WhiteWave Foods from an “outperform” rating to a “market perform” rating in a research report on Wednesday, August 17th. Two analysts have rated the stock with a sell rating, twenty-one have assigned a hold rating and three have assigned a buy rating to the company. The stock presently has an average rating of “Hold” and a consensus price target of $52.69.

WhiteWave Foods Company Profile

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. Its segments include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.

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