Trade Report: The WhiteWave Foods Co. (WWAV) Upgrade at The Zacks Investment Research

The WhiteWave Foods Co. (WWAV) Upgrade at The Zacks Investment Research

Zacks Investment Research upgraded shares of WhiteWave Foods Co. (NYSE:WWAV) from a sell rating to a hold rating in a report issued on Tuesday morning.

According to Zacks, “The WhiteWave Foods Company is a consumer packaged food and beverage company. It manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, and premium dairy products throughout North America and Europe. The Company’s products include soy milk, flavored creamers, organic milk, yogurt, cheese, butter, sour creams, and whipped creams. It serves the grocery and natural foods channels in the United States. The WhiteWave Foods Company is based in Dallas, Texas. “

Several other brokerages have also issued reports on WWAV. Maxim Group lowered shares of WhiteWave Foods from a buy rating to a hold rating in a research report on Wednesday, August 3rd. Morgan Stanley downgraded shares of WhiteWave Foods from an overweight rating to an equal weight rating and set a $56.25 price target on the stock. in a report on Tuesday, August 9th. William Blair downgraded shares of WhiteWave Foods from an outperform rating to a market perform rating in a report on Monday, August 1st. Susquehanna downgraded shares of WhiteWave Foods from a positive rating to a neutral rating and lowered their price target for the company from $58.00 to $56.25 in a report on Friday, October 21st. Finally, DA Davidson downgraded shares of WhiteWave Foods from a buy rating to a neutral rating and lifted their price target for the company from $55.00 to $56.25 in a report on Wednesday, August 10th. Two analysts have rated the stock with a sell rating, twenty-one have issued a hold rating and three have issued a buy rating to the company. The company currently has an average rating of Hold and an average target price of $52.69.

WhiteWave Foods (NYSE:WWAV) opened at 55.19 on Tuesday. The stock has a 50 day moving average of $54.33 and a 200-day moving average of $52.20. WhiteWave Foods has a one year low of $31.40 and a one year high of $56.82. The company has a market cap of $9.78 billion, a price-to-earnings ratio of 49.95 and a beta of 1.51.

A number of hedge funds have recently added to or reduced their stakes in the company. Toronto Dominion Bank raised its stake in WhiteWave Foods by 24.2% in the third quarter. Toronto Dominion Bank now owns 1,837 shares of the company’s stock worth $100,000 after buying an additional 358 shares during the period. Pacer Advisors Inc. raised its stake in WhiteWave Foods by 10.7% in the second quarter. Pacer Advisors Inc. now owns 2,218 shares of the company’s stock worth $104,000 after buying an additional 215 shares during the period. Glenmede Trust Co. NA raised its stake in WhiteWave Foods by 42.4% in the second quarter. Glenmede Trust Co. NA now owns 2,349 shares of the company’s stock worth $109,000 after buying an additional 700 shares during the period. Sphinx Trading LP acquired a new stake in WhiteWave Foods during the third quarter worth $109,000. Finally, Mizuho Asset Management Co. Ltd. acquired a new stake in WhiteWave Foods during the second quarter worth $112,000. 73.47% of the stock is owned by institutional investors.

About WhiteWave Foods

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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