Daiwa Securities Group Inc. boosted its stake in shares of WhiteWave Foods Co. (NYSE:WWAV) by 97.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,700 shares of the company’s stock after buying an additional 3,800 shares during the period. Daiwa Securities Group Inc.’s holdings in WhiteWave Foods were worth $361,000 at the end of the most recent quarter.
Several other institutional investors have also recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its stake in WhiteWave Foods by 1,487.0% in the first quarter. Bessemer Group Inc. now owns 3,063 shares of the company’s stock valued at $124,000 after buying an additional 2,870 shares during the last quarter. Checchi Capital Advisers LLC raised its stake in WhiteWave Foods by 86.6% in the second quarter. Checchi Capital Advisers LLC now owns 3,420 shares of the company’s stock valued at $161,000 after buying an additional 1,587 shares during the last quarter. Sigma Planning Corp acquired a new stake in WhiteWave Foods during the second quarter valued at approximately $216,000. Seven Eight Capital LLC raised its stake in WhiteWave Foods by 84.7% in the first quarter. Seven Eight Capital LLC now owns 4,797 shares of the company’s stock valued at $195,000 after buying an additional 2,200 shares during the last quarter. Finally, Nordea Investment Management AB raised its stake in WhiteWave Foods by 21.9% in the second quarter. Nordea Investment Management AB now owns 6,158 shares of the company’s stock valued at $289,000 after buying an additional 1,105 shares during the last quarter. 84.97% of the stock is currently owned by hedge funds and other institutional investors.
WhiteWave Foods Co. (NYSE:WWAV) traded up 0.13% during trading on Friday, hitting $54.43. 2,323,809 shares of the company were exchanged. The company has a market capitalization of $9.64 billion, a price-to-earnings ratio of 51.11 and a beta of 1.52. WhiteWave Foods Co. has a 12 month low of $31.40 and a 12 month high of $56.82. The company has a 50-day moving average of $55.24 and a 200-day moving average of $48.23.
WhiteWave Foods (NYSE:WWAV) last announced its quarterly earnings results on Tuesday, August 9th. The company reported $0.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.30 by $0.01. WhiteWave Foods had a net margin of 4.66% and a return on equity of 18.47%. The company had revenue of $1.05 billion for the quarter, compared to the consensus estimate of $1.04 billion. During the same quarter in the prior year, the firm earned $0.24 earnings per share. The company’s revenue for the quarter was up 13.6% compared to the same quarter last year. Analysts forecast that WhiteWave Foods Co. will post $1.42 EPS for the current year.
Several equities research analysts have commented on the stock. Susquehanna reaffirmed a “buy” rating on shares of WhiteWave Foods in a report on Saturday, June 4th. Credit Suisse Group AG lowered shares of WhiteWave Foods from an “outperform” rating to a “neutral” rating in a research note on Saturday, July 9th. JPMorgan Chase & Co. lowered shares of WhiteWave Foods from an “overweight” rating to a “neutral” rating in a research note on Friday, July 8th. Maxim Group reissued a “buy” rating and set a $60.00 target price (up from $55.00) on shares of WhiteWave Foods in a research note on Thursday, July 7th. Finally, Jefferies Group lowered shares of WhiteWave Foods from a “buy” rating to a “hold” rating and set a $56.00 target price on the stock. in a research note on Wednesday, July 13th. Two research analysts have rated the stock with a sell rating, twenty have issued a hold rating and seven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $52.12.
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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