ING Groep NV Has $2,328,000 Stake in WhiteWave Foods Co. (WWAV)
ING Groep NV maintained its stake in shares of WhiteWave Foods Co. (NYSE:WWAV) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 49,600 shares of the company’s stock at the end of the second quarter. ING Groep NV’s holdings in WhiteWave Foods were worth $2,328,000 as of its most recent filing with the SEC.
A number of other large investors have also made changes to their positions in WWAV. Cupps Capital Management LLC purchased a new stake in WhiteWave Foods during the first quarter worth $1,394,000. Mirae Asset Global Investments Co. Ltd. increased its stake in WhiteWave Foods by 13.7% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,062 shares of the company’s stock worth $1,507,000 after buying an additional 4,472 shares during the period. Credit Agricole S A increased its stake in WhiteWave Foods by 133.3% in the first quarter. Credit Agricole S A now owns 355,772 shares of the company’s stock worth $14,459,000 after buying an additional 203,301 shares during the period. Ropes Wealth Advisors LLC purchased a new stake in WhiteWave Foods during the first quarter worth $412,000. Finally, M&T Bank Corp increased its stake in WhiteWave Foods by 62.5% in the first quarter. M&T Bank Corp now owns 16,965 shares of the company’s stock worth $689,000 after buying an additional 6,525 shares during the period. Hedge funds and other institutional investors own 84.97% of the company’s stock.
Shares of WhiteWave Foods Co. (NYSE:WWAV) traded down 0.29% during mid-day trading on Wednesday, reaching $54.60. The company had a trading volume of 3,459,132 shares. The firm’s 50 day moving average is $55.20 and its 200-day moving average is $48.60. WhiteWave Foods Co. has a 12-month low of $31.40 and a 12-month high of $56.82. The stock has a market capitalization of $9.67 billion, a P/E ratio of 51.27 and a beta of 1.52.
WhiteWave Foods (NYSE:WWAV) last released its quarterly earnings data 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. The firm had revenue of $1.05 billion for the quarter, compared to analyst estimates of $1.04 billion. WhiteWave Foods had a return on equity of 18.47% and a net margin of 4.66%. The business’s revenue for the quarter was up 13.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.24 earnings per share. On average, analysts expect that WhiteWave Foods Co. will post $1.42 earnings per share for the current fiscal year.
A number of equities research analysts have recently weighed in on WWAV shares. Zacks Investment Research raised WhiteWave Foods from a “hold” rating to a “buy” rating and set a $53.00 price target for the company in a research note on Wednesday, July 6th. Maxim Group reaffirmed a “buy” rating and set a $60.00 price target (up from $55.00) on shares of WhiteWave Foods in a research note on Thursday, July 7th. Deutsche Bank AG downgraded WhiteWave Foods from a “buy” rating to a “hold” rating and raised their price target for the stock from $50.00 to $56.25 in a research note on Thursday, July 7th. Jefferies Group downgraded WhiteWave Foods from a “buy” rating to a “hold” rating and set a $56.00 price target for the company. in a research note on Wednesday, July 13th. Finally, Susquehanna reaffirmed a “buy” rating and set a $58.00 price target on shares of WhiteWave Foods in a research note on Sunday, July 10th. Two equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and seven have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus 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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