Today’s Short Interest Alert: Is Whitewave Foods Compan (NYSE:WWAV) a Buy? The Stock Reported more Sellers

November 21, 2016 - By Nellie Frank   ·   0 Comments

Today's Short Interest Alert: Is Whitewave Foods Compan (NYSE:WWAV) a Buy? The Stock Reported more Sellers

The stock of Whitewave Foods Compan (NYSE:WWAV) registered an increase of 10.12% in short interest. WWAV’s total short interest was 4.64M shares in November as published by FINRA. Its up 10.12% from 4.22 million shares, reported previously. With 1.46M shares average volume, it will take short sellers 3 days to cover their WWAV’s short positions. The short interest to Whitewave Foods Compan’s float is 2.68%. About 1.06M shares traded hands. WhiteWave Foods Co (NYSE:WWAV) has risen 37.38% since April 19, 2016 and is uptrending. It has outperformed by 33.52% the S&P500.

The WhiteWave Foods Company is a consumer packaged food and beverage company. The company has a market cap of $9.81 billion. The Firm makes, markets, distributes and sells branded plant foods and beverages, coffee creamers and beverages, dairy products and organic produce. It has a 49.61 P/E ratio. The Company’s divisions include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.

Insitutional Activity: The institutional sentiment decreased to 0.51 in Q2 2016. Its down 0.61, from 1.12 in 2016Q1. The ratio is negative, as 38 funds sold all WhiteWave Foods Co shares owned while 148 reduced positions. 52 funds bought stakes while 156 increased positions. They now own 145.67 million shares or 0.35% more from 145.16 million shares in 2016Q1.
Royal National Bank & Trust Of Canada, a Ontario – Canada-based fund reported 357,146 shares. Moreover, Sei Investments has 0.06% invested in WhiteWave Foods Co (NYSE:WWAV) for 210,679 shares. Manufacturers Life The accumulated 0.04% or 559,187 shares. Independent Portfolio Consultants Inc, a Florida-based fund reported 18,462 shares. Fil, a Bermuda-based fund reported 821,559 shares. Dekabank Deutsche Girozentrale reported 24,918 shares or 0.01% of all its holdings. Employees Retirement Sys Of Texas reported 267,000 shares or 0.17% of all its holdings. Tributary Mngmt Ltd owns 34,300 shares or 0.23% of their US portfolio. Proshare Advsr Lc last reported 0.01% of its portfolio in the stock. Gradient Invests Ltd Liability Corp, a Minnesota-based fund reported 15 shares. Guggenheim Ltd Liability holds 0.07% of its portfolio in WhiteWave Foods Co (NYSE:WWAV) for 495,338 shares. Cibc Mkts has 0% invested in the company for 9,824 shares. Asset Mgmt Inc has 0.13% invested in the company for 13,636 shares. Voya Investment Management Ltd Llc last reported 93,366 shares in the company. California State Teachers Retirement Sys has 367,754 shares for 0.04% of their US portfolio.

Insider Transactions: Since August 31, 2016, the stock had 0 insider purchases, and 1 insider sale for $189,710 net activity. The insider WRIGHT DOREEN A sold 3,426 shares worth $189,710.

WhiteWave Foods Co (NYSE:WWAV) Ratings Coverage

Out of 26 analysts covering Whitewave Foods Company (The) (NYSE:WWAV), 7 rate it a “Buy”, 2 “Sell”, while 17 “Hold”. This means 27% are positive. Whitewave Foods Company (The) has been the topic of 53 analyst reports since August 11, 2015 according to StockzIntelligence Inc. The firm has “Overweight” rating given on Wednesday, May 11 by Barclays Capital. Morgan Stanley downgraded it to “Equal-Weight” rating and $56.25 target price in Wednesday, August 10 report. The stock has “Outperform” rating given by CLSA on Wednesday, May 11. Wedbush downgraded WhiteWave Foods Co (NYSE:WWAV) on Friday, July 8 to “Neutral” rating. Stifel Nicolaus maintained WhiteWave Foods Co (NYSE:WWAV) on Wednesday, May 11 with “Buy” rating. William Blair initiated WhiteWave Foods Co (NYSE:WWAV) on Friday, September 4 with “Outperform” rating. The rating was initiated by Atlantic Securities on Thursday, April 7 with “Overweight”. Argus Research maintained it with “Buy” rating and $58 target price in Wednesday, August 12 report. On Wednesday, August 24 the stock rating was downgraded by Argus Research to “Sell”. On Wednesday, May 11 the stock rating was maintained by JP Morgan with “Overweight”.

WWAV Company Profile

The WhiteWave Foods Company, incorporated on July 17, 2012, is a consumer packaged food and beverage company. The Firm makes, markets, distributes and sells branded plant foods and beverages, coffee creamers and beverages, dairy products and organic produce throughout North America and Europe. The Firm also holds approximately 50% interest in a joint venture that makes, markets, distributes and sells plant beverages in China. The Company’s brands distributed in North America include Silk, Vega and So Delicious plant foods and beverages, International Delight and LAND O LAKES coffee creamers and beverages, Horizon Organic and Wallaby Organic dairy products, and Earthbound Farm organic salads, fruits and vegetables. The Company’s plant foods and beverages brands in Europe include Alpro and Provamel, and its plant beverages in China are sold under the Silk ZhiPuMoFang brand. The Company’s divisions include Americas Foods & Beverages, Americas Fresh Foods and Europe Foods & Beverages.

Another recent and important WhiteWave Foods Co (NYSE:WWAV) news was published by Nasdaq.com which published an article titled: “The WhiteWave Foods Company Announces Commencement of Consent Solicitation” on November 14, 2016.

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By Nellie Frank


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