Glazer Capital adds WhiteWave Foods Co (WWAV) to its portfolio

WhiteWave Foods Co (WWAV) : Glazer Capital added new position in WhiteWave Foods Co during the most recent quarter end. The investment management firm now holds 278,902 shares of WhiteWave Foods Co which is valued at $15,066,286 , the company said in a statement filed on Nov 14, 2016 with the SEC.WhiteWave Foods Co makes up approximately 5.34% of Glazer Capital’s portfolio.

Other Hedge Funds, Including , Edmond De Rothschild Asset Management (luxembourg) sold out all of its stake in WWAV during the most recent quarter. The investment firm sold 18,000 shares of WWAV which is valued $972,360.Alliancebernstein reduced its stake in WWAV by selling 229,067 shares or 38.7% in the most recent quarter. The Hedge Fund company now holds 362,901 shares of WWAV which is valued at $19,578,509. WhiteWave Foods Co makes up approx 0.02% of Alliancebernstein’s portfolio.Agf Investments America reduced its stake in WWAV by selling 35,650 shares or 19.11% in the most recent quarter. The Hedge Fund company now holds 150,916 shares of WWAV which is valued at $8,232,468. WhiteWave Foods Co makes up approx 3.65% of Agf Investments America’s portfolio. Private Capital Advisors sold out all of its stake in WWAV during the most recent quarter. The investment firm sold 10,600 shares of WWAV which is valued $580,138.

WhiteWave Foods Co opened for trading at $54.56 and hit $54.98 on the upside on Monday, eventually ending the session at $54.94, with a gain of 0.53% or 0.29 points. The heightened volatility saw the trading volume jump to 13,41,779 shares. Company has a market cap of $9,737 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 Susquehanna to ” Neutral” on Oct 21, 2016. WhiteWave Foods Co was Downgraded by Bernstein to ” Mkt Perform” on Sep 9, 2016. WhiteWave Foods Co was Downgraded by Wells Fargo to ” Market Perform” on Aug 17, 2016.

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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