Quantum Capital Management Lowers stake in WhiteWave Foods Co (WWAV)

WhiteWave Foods Co (WWAV) : Quantum Capital Management reduced its stake in WhiteWave Foods Co by 4.41% during the most recent quarter end. The investment management company now holds a total of 462,724 shares of WhiteWave Foods Co which is valued at $25,519,229 after selling 21,364 shares in WhiteWave Foods Co , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.WhiteWave Foods Co makes up approximately 3.45% of Quantum Capital Management’s portfolio.

Other Hedge Funds, Including , Logan Capital Management Inc boosted its stake in WWAV in the latest quarter, The investment management firm added 8,735 additional shares and now holds a total of 113,548 shares of WhiteWave Foods Co which is valued at $6,262,172. WhiteWave Foods Co makes up approx 0.50% of Logan Capital Management Inc’s portfolio.Dumont Blake Investment Advisors reduced its stake in WWAV by selling 440 shares or 2.54% in the most recent quarter. The Hedge Fund company now holds 16,889 shares of WWAV which is valued at $941,562. WhiteWave Foods Co makes up approx 0.46% of Dumont Blake Investment Advisors’s portfolio.Vigilant Capital Management boosted its stake in WWAV in the latest quarter, The investment management firm added 135 additional shares and now holds a total of 179,575 shares of WhiteWave Foods Co which is valued at $9,973,596. WhiteWave Foods Co makes up approx 1.85% of Vigilant Capital Management’s portfolio.Nisa Investment Advisors boosted its stake in WWAV in the latest quarter, The investment management firm added 2,000 additional shares and now holds a total of 7,439 shares of WhiteWave Foods Co which is valued at $414,352. WhiteWave Foods Co makes up approx 0.01% of Nisa Investment Advisors’s portfolio.

WhiteWave Foods Co opened for trading at $55.25 and hit $55.49 on the upside on Tuesday, eventually ending the session at $55.4, with a gain of 0.24% or 0.13 points. The heightened volatility saw the trading volume jump to 17,41,110 shares. Company has a market cap of $9,817 M.

On the company’s financial health, WhiteWave Foods Co reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.30. The company had revenue of $1050.00 million for the quarter, compared to analysts expectations of $1041.00 million. The company’s revenue was up 13.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on WhiteWave Foods Co. WhiteWave Foods Co was Downgraded by Wells Fargo to ” Market Perform” on Aug 17, 2016. WhiteWave Foods Co was Downgraded by CLSA to ” Underperform” on Aug 10, 2016. Company shares were Downgraded by DA Davidson on Aug 10, 2016 to ” Neutral”, Firm has raised the Price Target to $ 56.25 from a previous price target of $55 .

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 across North America and Europe. Its segments include Americas Foods & Beverages Americas Fresh Foods and Europe Foods & Beverages. It is engaged in the manufacturing marketing distribution and sale of plant-based beverages in China. In North America it distributes the brands including Silk and So Delicious plant-based foods and beverages; International Delight and LAND O LAKES coffee creamers and beverages; Horizon Organic dairy products and Earthbound Farm organic salads fruits and vegetables. Its plant-based foods and beverages brands in Europe include Alpro and Provamel. It sells its plant-based beverages in China under the Silk ZhiPuMoFang brand. In addition it also offers the Vega brand which includes plant-based nutrition products.

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