The WhiteWave Foods Company (NYSE: WWAV) is a American consumer packaged food and beverage company that manufactures, markets, distributes, and sells branded plant-based foods and beverages, coffee creamers and beverages, premium dairy products and organic produce throughout North America and Europe. The company was formerly a subsidiary of Dean Foods, and was spun off in an IPO announced in August 2012. The company’s brands distributed in North America include Horizon Organic premium dairy and pantry products, Silk plant-based foods and beverages, Earthbound Farm organic produce and International Delight and Land O'Lakes coffee creamers and beverages. WhiteWave’s European brands of plant-based foods and beverages include Alpro and Provamel. WhiteWave acquired Earthbound Farms, America's largest grower of organic produce, on Jan. 2, 2014, for approximately $600 million. WhiteWave is actively involved in sustainability within its operations, with specific initiatives targeting sustainable ingredient sourcing, water conservation, greenhouse gas emissions, packaging, and GMOs. The company advocates mandatory GMO labeling in the United States.
Reported before open today (5/10/16) Earnings: EPS $0.28 Revenue $1.04B Estimates: EPS $0.26 Revenue $1.02B Up 7.01% today
Danone to buy WhiteWave Foods France's Danone, the world's largest yogurt maker, is in advanced talks to acquire U.S. organic foods producer WhiteWave Foods in a bid to revitalize its growth prospects. A statement released by Danone early on Thursday said that it was to acquire WhiteWave with a transaction price of $56.25 per share in cash. It said the acquisition would double the size of Danone's U.S. business. Read full article here: http://www.cnbc.com/2016/07/07/danone-to-buy-whitewave-foods.html
As much as most don't like Cramer, he said like 3-4 months ago that WWAV was a likely buyout target because of the way everything is moving to try to make food and drinks healthier. He was right about this one.
Analyst Upgrade/Downgrade Update Brokerage firm: Susquehanna Change: Downgrade Previous Rating: Positive Current Rating: Neutral Previous Price Target: N/A Current Price Target: N/A
