Zacks Investment Research lowered shares of WhiteWave Foods Co. (NYSE:WWAV) from a hold rating to a sell rating in a report published on Tuesday morning.

According to Zacks, “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. “

Several other equities research analysts have also recently issued reports on the stock. Susquehanna cut shares of WhiteWave Foods from a positive rating to a neutral rating and lowered their target price for the stock from $58.00 to $56.25 in a research note on Friday, October 21st. Sanford C. Bernstein cut shares of WhiteWave Foods from an outperform rating to a market perform rating and set a $56.00 target price on the stock. in a research note on Friday, September 9th. Argus cut shares of WhiteWave Foods from a buy rating to a sell rating in a research note on Wednesday, August 24th. Wells Fargo & Co. cut shares of WhiteWave Foods from an outperform rating to a market perform rating in a research report on Wednesday, August 17th. Finally, cut shares of WhiteWave Foods from an outperform rating to an underperform rating and boosted their price target for the company from $47.00 to $56.25 in a research report on Wednesday, August 10th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $52.69.

WhiteWave Foods (NYSE:WWAV) opened at 55.10 on Tuesday. WhiteWave Foods has a 52 week low of $31.40 and a 52 week high of $56.82. The stock has a market cap of $9.77 billion, a price-to-earnings ratio of 49.86 and a beta of 1.51. The stock’s 50 day moving average price is $54.36 and its 200 day moving average price is $52.39.

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A number of institutional investors have recently made changes to their positions in the stock. World Asset Management Inc increased its position in shares of WhiteWave Foods by 32.0% in the third quarter. World Asset Management Inc now owns 11,529 shares of the company’s stock worth $628,000 after buying an additional 2,798 shares during the period. Wesbanco Bank Inc. increased its position in shares of WhiteWave Foods by 300.1% in the second quarter. Wesbanco Bank Inc. now owns 241,197 shares of the company’s stock worth $11,322,000 after buying an additional 180,920 shares during the period. Nisa Investment Advisors LLC increased its position in shares of WhiteWave Foods by 36.8% in the second quarter. Nisa Investment Advisors LLC now owns 7,439 shares of the company’s stock worth $349,000 after buying an additional 2,000 shares during the period. Homrich & Berg acquired a new position in shares of WhiteWave Foods during the second quarter worth about $784,000. Finally, Norris Perne & French LLP MI increased its position in shares of WhiteWave Foods by 7.2% in the second quarter. Norris Perne & French LLP MI now owns 103,045 shares of the company’s stock worth $4,837,000 after buying an additional 6,960 shares during the period. 81.93% of the stock is owned by hedge funds and other institutional investors.

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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