WhiteWave Foods(WWAV)- NYSE
  • Wed, Sep. 14, 11:22 AM
    • Data from NPD Group indicates that 11% of millennials use craft coffee brewing to satisfy their daily coffee cravings.
    • It's a trend to watch with younger consumers representing 44% of at-home craft coffee brewers of which a third live in urban areas.
    • It's not clear if the increase in at-home craft coffee consumption is peeling away meaningful packaged coffee sales or store traffic to chains, but there could be a reputational risk to national brands on quality in the future.
    • Related tickers: SBUX, DNKN, SJM, QSR, MCD, MDLZ, KKD, WWAV, JVA, OTCQB:JAMN, OTCQB:BCCI, FARM, OTCPK:NSRGY.
    • ETFs: JO, CAFE.
    | Wed, Sep. 14, 11:22 AM | 18 Comments
  • Thu, Aug. 18, 9:08 AM
    • Shares of Gores Holdings (NASDAQ:GRSH) are on watch after an article by SA contributor Dane Capital Management points to the enormous upside of the merger with Hostess Brands.
    • Despite a couple of trips down bankruptcy lane, Hostess is now well-positioned with no legacy pension liabilities and a leaner manufacturing setup. Dane notes that valuation compared to food peers (MDLZ, HSY, WWAV, OTCQX:DANOY) looks attractive. The firm also pulls out some Black-Scholes analysis in evaluating the GRSH warrants.
    • Hostess is more mainstream than some may think. A recent issue of Walmart Today featured Deep-Fried Twinkies in all their splendor.
    | Thu, Aug. 18, 9:08 AM | 1 Comment
  • Wed, Aug. 10, 8:06 AM
    • CLSA downgrades WhiteWave Foods (NYSE:WWAV) to an Underperform rating after having the food stock set at Outperform.
    • The two-notch downgrade is an indication that CLSA doesn't see any more bidding action on WhiteWave.
    • Danone's offer of $55.60 is slightly below the $55.72 closing price on WWAV yesterday.
    | Wed, Aug. 10, 8:06 AM | 7 Comments
  • Tue, Aug. 9, 9:32 AM
    • WhiteWave Foods (WWAV) reports organic sales rose 7% in Q2.
    • Net sales growth of 14% was driven by strong organic growth in both the Americas and Europe segments, as well as contributions from acquisitions.
    • Segment sales: Americas Foods & Beverages: $898.46M (+14%); Europe Foods & Beverages: $151.19M (+14%).
    • Adjusted gross margin rate improved 30 bps to 35.5%.
    • Adjusted operating margin rate grew 70 bps to 9.9%.
    • Adjusted EBITDA +24% to $143M.
    • 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.
    | Tue, Aug. 9, 9:32 AM
  • Tue, Aug. 9, 9:02 AM
    • WhiteWave Foods (NYSE:WWAV): Q2 EPS of $0.32 beats by $0.02.
    • Revenue of $1.05B (+13.7% Y/Y) beats by $10M.
    • Press Release
    | Tue, Aug. 9, 9:02 AM | 5 Comments
  • Mon, Aug. 8, 5:30 PM
  • Wed, Aug. 3, 2:57 PM
    • Maxim downgrades WhiteWave Foods (WWAV +0.3%) to a Hold rating from Buy.
    • The investment firm thinks a competing offer to Danone's bid is unlikely.
    • WhiteWave Foods trades at $55.60 which is slightly below the Danone deal price.
    | Wed, Aug. 3, 2:57 PM
  • 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.
    • Food stocks: SENEA, SENEB, THS, OTCPK:NCRA, CPB, MDLZ, GIS, OTCPK:NSRGY,  FLO, CAG, DF, SJM,DF, ANFI, JJSF, WWAV, UL, OTCQX:DANOY, OTCPK:PLATF, POST, K, PEP, DMND, PF, HAIN, KO, BETR, KHC, WILC, PPC, PF, LWAY, HRL, TSN, DTEA, SAFM, BRID.
    | Mon, Jul. 11, 2:12 PM | 37 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