Why Has DA Davidson Given WhiteWave Foods (NYSE:WWAV) a $52.0 Price Target
Analysts at DA Davidson started coverage on shares of WhiteWave Foods (NYSE:WWAV) in a recent report finalized on 11 December. The brokerage firm set “Buy” rating on the $6.72B market cap company.
From a total of 19 analysts covering Whitewave Foods Company (The) (NYSE:WWAV) stock, 18 rate it a ”Buy”, 1 a “Sell”, and 3 a ”Hold”. This means that 82% of the ratings are positive. The highest target price is $56 while the lowest target price is $44. The mean of all analyst targets is $52.05 with a 31.20% above today’s ($38.3) stock price. Whitewave Foods Company (The) was the topic of 13 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. Oppenheimer maintained shares on November 4 with “Outperform” rating. Zacks upgraded shares to “Hold” rating and $50 target share price in a report from an August 27. Goldman Sachs downgraded WWAV stock in a recent report from October 20 to “Sell” rating. Imperial Capital maintained the rating on August 13. Imperial Capital has a “In-Line” rating and a $49 price target on shares. Finally, Bernstein upgraded the stock to “Outperform” rating in a report issued on a September 11.
The stock increased 0.47% or $0.18 during the last trading session, striking $38.3. Approximately shares of stock traded hands. WhiteWave Foods Co (NYSE:WWAV) has declined 16.92% since May 8, 2015 and is downtrending. It has underperformed by 13.90% the S&P500.
The overall sentiment of institutions has decreased to 1.22 in Q2 2015. Its down 0.14, from 1.36 in 2015Q2. The ratio turned negative, as 54 institutions have sold all the shares of WhiteWave Foods Co that they owned while 133 funds have taken shares off the table. 65 funds have purchased shares for the first time while 164 added to their positions. These institutions now hold 125.49 million shares or 6.29% less than the 133.92 million shares they owned in 2015Q2.
The Fund Miura Global Management Llc currently is holding shares equating to 7.04% of its total portfolio in WhiteWave Foods Co representing a total of 3.20 million shares. Another fund,Belmont Global Advisors Inc., is holding a total of 70,000 shares equating to 4.77% of their holdings. Additionally, Shikiar Asset Management Inc has a 223,360 share stake in WhiteWave Foods Co which represents 4.63% of their total portfolio. The Fund, Agf Investments America Inc., based out of Ontario – Canada, has also built up a stake in the stock, which represents a total of 4.01% of their total portfolio. Finally Beck Capital Management Llc, a fund which is based in the state of Texas reported a total holdings of 98,746 shares.
Insider activity is a very important aspect to track on any stock. Going back to March 5, 2015, shareholders of WhiteWave Foods Co have witnessed 0 insider purchases, and a total of 6 insider sales equating to a net activity of approximately $6.86 million . Zanetich Thomas N sold 45,991 shares worth approximately $2.16M. Engles Gregg L sold 9,587 shares worth approximately $481,070. Fugger Edward F sold 14,000 shares worth approximately $704,101. Theodoredis Roger E sold 36,655 shares worth approximately $1.84M. The company insider Wright Doreen A sold 7,625 shares worth $377,210.
The WhiteWave Foods Company is a consumer packaged food and beverage company. The company has a market cap of $6.72 billion. The Firm makes, markets, distributes and sells branded plant foods and beverages, coffee creamers and beverages, dairy products and organic produce across North America and Europe. It has 44.88 P/E ratio. The Company’s divisions include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.
According to Zacks Investment Research, “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.” Get a free copy of the Zacks research report on WhiteWave Foods Co (WWAV).