Jefferies Reports Initiation of WhiteWave Foods (NYSE:WWAV)


How Jefferies Currently Rates WhiteWave Foods (NYSE:WWAV)

Jefferies issued “Buy” rating on WhiteWave Foods (NYSE:WWAV). The firm initiated coverage on shares of WWAV in a note sent to investors and clients on 16 December.

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 30.91% above today’s ($37.89) stock price. Whitewave Foods Company (The) was the topic of 15 analyst reports since August 11, 2015 according to the firm StockzIntelligence Inc. DA Davidson initiated shares on December 11 with “Buy” rating. Zacks upgraded shares to “Hold” rating and $50 target share price in a report from an August 27. Oppenheimer maintained WWAV stock in a recent report from November 4 with “Outperform” rating. Imperial Capital maintained the rating on August 13. Imperial Capital has a “In-Line” rating and a $49 price target on shares. Finally, Goldman Sachs downgraded the stock to “Sell” rating in a report issued on an October 20.

Approximately 413,556 shares of stock traded hands. WhiteWave Foods Co (NYSE:WWAV) has declined 19.18% since May 13, 2015 and is downtrending. It has underperformed by 16.56% 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 dropped, 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 buys, 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 $1.84 million. 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 $6.55 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 44.4 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.”