Burren Capital Advisors Ltd held its position in WhiteWave Foods Co (NYSE:WWAV) during the first quarter, Holdings Channel reports. The institutional investor owned 67,000 shares of the company’s stock at the end of the first quarter. WhiteWave Foods comprises about 15.5% of Burren Capital Advisors Ltd’s investment portfolio, making the stock its 2nd largest position. Burren Capital Advisors Ltd’s holdings in WhiteWave Foods were worth $3,762,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in WhiteWave Foods by 6,485.7% in the first quarter. BlackRock Inc. now owns 15,602,533 shares of the company’s stock worth $876,080,000 after buying an additional 15,365,617 shares during the last quarter. Morgan Stanley boosted its position in WhiteWave Foods by 139.8% in the first quarter. Morgan Stanley now owns 6,298,694 shares of the company’s stock worth $353,671,000 after buying an additional 3,671,744 shares during the last quarter. Eton Park Capital Management L.P. boosted its position in WhiteWave Foods by 75.5% in the fourth quarter. Eton Park Capital Management L.P. now owns 5,862,231 shares of the company’s stock worth $325,940,000 after buying an additional 2,521,326 shares during the last quarter. Oxford Asset Management purchased a new position in WhiteWave Foods during the first quarter worth $103,878,000. Finally, Laurion Capital Management LP boosted its position in WhiteWave Foods by 44,023.9% in the first quarter. Laurion Capital Management LP now owns 1,632,584 shares of the company’s stock worth $91,670,000 after buying an additional 1,628,884 shares during the last quarter. 80.60% of the stock is owned by institutional investors.
WhiteWave Foods Co (WWAV) remained flat at $56.24 during trading on Friday. The firm’s 50-day moving average is $56.24 and its 200-day moving average is $55.61. WhiteWave Foods Co has a 12-month low of $42.73 and a 12-month high of $56.82.
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WWAV has been the subject of a number of recent analyst reports. Jefferies Group LLC reaffirmed a “hold” rating and issued a $56.00 price objective on shares of WhiteWave Foods in a report on Friday, April 7th. Zacks Investment Research lowered shares of WhiteWave Foods from a “hold” rating to a “sell” rating in a research report on Tuesday, February 21st. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and one has given a buy rating to the company. WhiteWave Foods presently has an average rating of “Hold” and a consensus price target of $56.98.
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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