Credit Suisse Downgrades WhiteWave Foods Co to Neutral

Brokerage firm Credit Suisse Downgrades its rating on WhiteWave Foods Co(NYSE:WWAV). The shares have been rated Neutral. Previously, the analysts had a Outperform rating on the shares. The rating by Credit Suisse was issued on Jul 12, 2016.

In a different note, On Jul 11, 2016, Tigress Financial said it Downgrades its rating on WhiteWave Foods Co. The shares have been rated ‘Neutral’ by the firm. On Jul 8, 2016, Atlantic Equities said it Downgrades its rating on WhiteWave Foods Co. The shares have been rated ‘Neutral’ by the firm. On Jul 7, 2016, Jefferies said it Maintains its rating on WhiteWave Foods Co. In the research note, the firm Raises the price-target to $53.00 per share. The shares have been rated ‘Buy’ by the firm. On Jul 7, 2016, Deutsche Bank said it Downgrades its rating on WhiteWave Foods Co. The shares have been rated ‘Hold’ by the firm. On May 18, 2016, Wunderlich said it Maintains its rating on WhiteWave Foods Co. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Hold’ by the firm. On May 11, 2016, Susquehanna said it Maintains its rating on WhiteWave Foods Co. In the research note, the firm Raises the price-target to $50.00 per share. The shares have been rated ‘Positive’ by the firm.

WhiteWave Foods Co (WWAV) shares turned negative on Fridays trading session with the shares closing down -0.11 points or -0.20% at a volume of 33,55,272. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $56.15. The peak price level was also seen at $56.15 while the days lowest was $55.86. Finally the shares closed at $55.89. The 52-week high of the shares is $56.82 while the 52-week low is $31.4. According to the latest information available, the market cap of the company is $9,888 M.

WhiteWave Foods Co(WWAV) last announced its earnings results on May 10, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $1.04B. Analysts had an estimated revenue of $1.02B. Earnings per share were $0.28. Analysts had estimated an EPS of $0.26.

Several Insider Transactions has been reported to the SEC. On Mar 7, 2016, Gregg L Engles (Chairman and CEO) sold 25,000 shares at $40.22 per share price.Also, On Feb 19, 2016, Joseph S Jr Hardin (director) sold 25,419 shares at $38.49 per share price.On Feb 19, 2016, Doreen A Wright (director) sold 4,000 shares at $38.24 per share price, according to the Form-4 filing with the securities and exchange commission.

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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