WhiteWave Foods (WWAV) - NYSE
  • Mon, Jul. 11, 2:12 PM
    • A bill requiring food companies to label GMO ingredients was approved by the U.S. Senate by a 63 to 30 vote and now heads to the House of Representatives.
    • The negotiated bill requires food companies to label genetically modified food by a phrase, symbol on the package, or a bar code that can be scanned by smartphones.
    • The Department of agriculture still has two years to write the precise labeling rules if the House approves the bill.
    • The passage of the bill is seen as a positive for the food sector as the alternative of having to adhere to state-by-state rules could create operational chaos for national sellers.
    | Mon, Jul. 11, 2:12 PM | 35 Comments
  • Thu, Jul. 7, 12:45 PM
    | Thu, Jul. 7, 12:45 PM | 6 Comments
  • Thu, Jul. 7, 12:15 PM
    | Thu, Jul. 7, 12:15 PM | 4 Comments
  • Thu, Jul. 7, 9:16 AM
    | Thu, Jul. 7, 9:16 AM
  • Thu, Jul. 7, 7:55 AM
    • Investors have bid up WhiteWave Foods (NYSE:WWAV) to as high as $56.80 in the premarket session on some speculation that a higher offer than Danone's $56.25 could arrive down the road.
    • Analysts say that WhiteWave has traded with a takeover premium ever since the company spun off from Dean Foods and see a spillover effect across the sector.
    • "It is likely this potential transaction further fuels the acquisition speculation gripping the food stocks, pushing multiples even higher," observes Stifel Nicolaus analysts Christopher Guest.
    • Hain Celestial (NASDAQ:HAIN), one of the usual food M&A suspects, is up 4.31% in premarket action.
    • Previously: Danone agrees to $12.5B deal for WhiteWave Foods (July 7)
    • WWAV +19.02% to $56.45.
    | Thu, Jul. 7, 7:55 AM | 11 Comments
  • Thu, Jul. 7, 2:33 AM
    • Danone (OTCQX:DANOY), the world's largest yogurt maker, has agreed to buy U.S. health group WhiteWave Foods (NYSE:WWAV) in what would be the French company's largest acquisition in 10 years.
    • The offer equates to $56.25 per share in cash, resulting in an enterprise value of around $12.5B, and will double the size of Danone's U.S. business.
    • WWAV +18% premarket.
    | Thu, Jul. 7, 2:33 AM | 37 Comments
  • Wed, Jun. 22, 8:49 AM
    • WhiteWave Foods (NYSE:WWAV) aims to generate an extra $3B in sales per year from plant-based food products as the category grows in popularity.
    • CEO Gregg Engles characterized the development of the plant-based food business as being in its early stages during his talk this week at a consumer conference. "There is significant runway to increase household penetration and broader usage by converting dairy milk households to plant-based households, targeting additional consumers into the plant-based alternative space," he noted.
    • Shares of WWAV are up 21.1% YTD.
    | Wed, Jun. 22, 8:49 AM | 6 Comments
  • Fri, Jun. 17, 3:07 PM
    • Susquehanna issued a detailed report on IRI scanner data trends in the food and beverage industry.
    • The investment firm noted that soda drink volume fell 2.8% Y/Y for the 12-week period ending on June 5. PepsiCo (NYSE:PEP) volume was down 5%, compared to 1.3% decline for Coca-Cola KO and 1.9% fall-off for Dr. Pepper Snapple (NYSE:DPS).
    • K-cup revenue was up 8% for the 12 weeks as J.M. Smucker (NYSE:SJM). Starbucks (NASDAQ:SBUX), and Dunkin' Brands (NASDAQ:DNKN) all showed strong volume amid ongoing pricing pressure. K-cup sales decelerated for Kraft Heinz (NASDAQ:KHC) and could turn negative if pricing pressure sustains.
    • In the yogurt category, scanner data over four weeks confirmed that General Mills (NYSE:GIS) is losing market share to Chobani and Danone (OTCQX:DANOY). Susquehanna tips that Chobani may be prepping for a sale.
    • General Mills beat out Kellogg (NYSE:K) in the cereal category as its 12-week sales growth of +2.3% easily topped Kellogg's 2.2% decline.
    • Pricing with beer is helping to make up for continued volume pressure. Across the sector, pricing was recorded as 2.5% higher for the 12 weeks of data.
    • Beer volume: Anheuser-Busch InBev (NYSE:BUD) -1.8%, MillerCoors (OTCPK:SBMRY, TAP) -2.7%, Boston Beer (NYSE:SAM) -2.1%.
    • Susquehann'a Pablo Zuniac put together the deep dive into the scanned data.
    • Within the F&B sector, he has BUD, THS, WWAV, TAP, and KHC rated at Positive.
    | Fri, Jun. 17, 3:07 PM | 10 Comments
  • Wed, Jun. 15, 10:45 AM
    | Wed, Jun. 15, 10:45 AM | 22 Comments
  • Wed, Jun. 15, 2:26 AM
    • Twenty-five years after classifying coffee as a possible carcinogen leading to bladder cancer, the World Health Organization has reversed course, and is expected to say today that coffee isn't classifiable as a carcinogen.
    • WHO is also likely to state coffee has no carcinogenic effects related to other cancers and has even been seen to reduce the risk of liver and uterine cancers.
    • ETFs: JO, CAFE
    | Wed, Jun. 15, 2:26 AM | 33 Comments
  • Thu, May 19, 10:36 AM
    • The SEC formally charged the former chairman of Dean Foods (NYSE:DF) with participating in an insider trading scheme.
    • The charging documents stated that Thomas Davis passed on tips to well-known gambler Billy Walters, including advance notice of the WhiteWave Foods (NYSE:WWAV) spinoff.
    • The case involves professional golfer Phil Mickelson who allegedly made a profit of $931K from tips received by Walters. 3-time Masters winner Mickelson was not charged, but is listed as a "relief defendant" in the case.
    • The allegations against Davis have been reported previously.
    | Thu, May 19, 10:36 AM | 9 Comments
  • Tue, May 10, 9:34 AM
    • WhiteWave Foods (WWAV +5%) reports organic sales rose 8% in Q1.
    • Net sales growth of 14% was driven by strong organic growth across the Americas and Europe segments, as well as contributions from acquisitions.
    • Segment sales: Americas Foods & Beverages: $894.76M (+15%); Europe Foods & Beverages: $144.93M (+11%).
    • Adjusted gross margin rate improved 60 bps to 34.4%.
    • Adjusted operating margin rate expanded 50 bps to 8.7%.
    • Q2 Guidance: Net sales growth: +11.5% to +12.5% (+12% to +13% on a constant currency basis); Adjusted operating income growth: + High teens %; Adjusted diluted EPS: $0.27 to $0.29; Adjusted Diluted EPS Excluding China J.V.: $0.29 to $0.31.
    • FY2016 Guidance: Net sales growth: +10.5% to 11.5% (+11% to 12% on a constant currency basis); Adjusted operating income growth: + High teens to twenty %; Tax rate: 33% to 34; Adjusted diluted EPS: $1.32 to $1.35; Adjusted Diluted EPS Excluding China J.V.: $1.38 to $1.41; Capital expenditure: ~$325M to $350M.
    | Tue, May 10, 9:34 AM | 4 Comments
  • Tue, May 10, 8:11 AM
    • WhiteWave Foods (NYSE:WWAV): Q1 EPS of $0.27 beats by $0.01.
    • Revenue of $1.04B (+14.1% Y/Y) beats by $20M.
    • Press Release
    | Tue, May 10, 8:11 AM | 11 Comments
  • Mon, May 9, 5:30 PM
  • Mon, May 9, 1:59 PM
    • Select food stocks are rallying after commentary from Tyson Foods management points to favorable trends in the industry on the demand and cost side.
    • Tyson expects "good" cattle supply for this summer and into 2017. The company delivered improved beef and chicken margins in Q1.
    • Meat stocks Sanderson Farms (SAFM +2%), Hormel Foods (HRL +3.3%), and Pilgrim's Pride (PPC +4%) are all solidly higher, while on a broader sector view WhiteWave Foods (WWAV +1.8%) and ConAgra Foods (CAG +1.5%) are also rallying.
    • Previously: Tyson Foods at all-time high after earnings dazzle (May 9)
    • Previously: Tyson Foods to expand presence on Amazon Fresh (May 9)
    | Mon, May 9, 1:59 PM
  • Thu, Apr. 14, 1:36 PM
    • Morgan Stanley identifies 30 stocks for investors to snap up and hold until 2019.
    • The investment firm narrowed its list by focusing on strong brands/franchises with distinct competitive advantages, while also scoring strong on pricing power, cost efficiency, and growth.
    • The MS list includes Accenture (NYSE:ACN), Alphabet, Amazon.com, Apple, Blackstone Group (NYSE:BX),Comcast (NASDAQ:CMCSA), Constellation Brands (NYSE:STZ), CVS Health (NYSE:CVS), Danaher (NYSE:DHR), Dollar General (NYSE:DG), Estee Lauder (NYSE:EL), Facebook, First Republic Bank (NYSE:FRC), HCA Holdings (NYSE:HCA), International Business Machines (NYSE:IBM), JPMorgan Chase, L Brands (NYSE:LB), Mettler-Toledo (NYSE:MTD), NextEra Energy (NYSE:NEE), Nike (NYSE:NKE), Panera Bread (NASDAQ:PNRA), Philip Morris International (NYSE:PM), Public Storage (NYSE:PSA), Ross Stores (NASDAQ:ROST), SBA Communications(NASDAQ:SBAC), ServiceMaster (NYSE:SERV), T-Mobile (NASDAQ:TMUS), Visa (NYSE:V), WhiteWave Foods (NYSE:WWAV), and Zayo Group Holdings (NYSE:ZAYO).
    | Thu, Apr. 14, 1:36 PM | 81 Comments
Company Description
The WhiteWave Foods Co. is a 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. It operates through... More
Industry: Food - Major Diversified
Country: United States