Analysts Bullish On WhiteWave Foods
TipRanks | Mar 25, 2015 12:09PM ET
Whitewave Foods Company (NYSE:WWAV) is capitalizing on the public’s newfound desire for healthy and convenient food. The packaged food and beverage company’s brands include Horizon Organic, Silk, and Land O’Lakes. WhiteWave acquired Earthbound Farms in January for $600 million, giving it control over America’s largest grower of produce.
WhiteWave Foods is benefiting from the consumer’s desire to have healthy and organic food, even if it means spending more money. The company prides itself on its commitment to food safety, responsible sourcing, and sustainable agriculture. They have been focusing on expanding their offerings for fresh foods and plant based foods and beverages. The consumer shift from thrifty to healthy has also been pronounced by the decline of McDonald's Corporation (NYSE:MCD) and the rise of Chipotle Mexican Grill Inc (NYSE:CMG).
The growing popularity of eating organic was reflected in WhiteWave’s last quarterly report. The packaged food company posted a 34% year-over-year increase in net sales and an 11% year-over-year increase in organic sales. Looking forward, WhiteWave Foods provided guidance of $1.08 to $1.12 for adjusted diluted earnings per share for 2015. The stock last closed at $43.06, just shy of its 52-week high of $43.59.
On March 24, analyst TipRanks is Strong Buy.
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.