OppenheimerFunds Inc. cut its stake in shares of WhiteWave Foods Co (NYSE:WWAV) by 35.2% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 19,359 shares of the company’s stock after selling 10,510 shares during the period. OppenheimerFunds Inc.’s holdings in WhiteWave Foods were worth $1,087,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the stock. Toronto Dominion Bank boosted its position in WhiteWave Foods by 5.0% in the first quarter. Toronto Dominion Bank now owns 1,939 shares of the company’s stock worth $109,000 after buying an additional 93 shares in the last quarter. Pacer Advisors Inc. boosted its position in shares of WhiteWave Foods by 3.3% in the first quarter. Pacer Advisors Inc. now owns 3,457 shares of the company’s stock valued at $194,000 after buying an additional 110 shares during the period. Elkhorn Investments LLC acquired a new position in shares of WhiteWave Foods during the fourth quarter valued at about $211,000. US Bancorp DE boosted its position in shares of WhiteWave Foods by 12.9% in the first quarter. US Bancorp DE now owns 4,112 shares of the company’s stock valued at $230,000 after buying an additional 469 shares during the period. Finally, Mn Services Vermogensbeheer B.V. boosted its position in shares of WhiteWave Foods by 5.5% in the first quarter. Mn Services Vermogensbeheer B.V. now owns 4,727 shares of the company’s stock valued at $248,000 after buying an additional 247 shares during the period. Institutional investors own 80.60% of the company’s stock.
WhiteWave Foods Co (NYSE:WWAV) opened at 56.24 on Friday. WhiteWave Foods Co has a 12-month low of $53.30 and a 12-month high of $56.25. The firm’s 50-day moving average is $56.24 and its 200 day moving average is $55.76.
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Separately, Jefferies Group LLC restated a “hold” rating and issued a $56.00 price target on shares of WhiteWave Foods in a research report on Friday, April 7th. Three research analysts have rated the stock with a sell rating, nine have given a hold rating and one has assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $56.72.
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. It operates through two segments: Americas Foods & Beverages and Europe Foods & Beverages.
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