WhiteWave Foods (WWAV) has a market cap of $7.0 billion. It fell by 5.7% and closed at $39.47 per share on April 4, 2016. The price movements on a weekly, monthly, and YTD (year-to-date) basis were 0.43%, -2.7%, and 1.4%, respectively.
Currently, WhiteWave Foods is trading 1.8% below its 20-day moving average, 2.7% above its 50-day moving average, and 7.1% below its 200-day moving average.
The Fidelity MSCI Consumer Staples ETF (FSTA) invests 0.34% of its holdings in WhiteWave Foods. FSTA tracks a market-cap-weighted index of stocks in the US consumer staples sector. FSTA’s YTD price movement was 6.5% as of April 1, 2016.
The market caps of WhiteWave Foods’ competitors are as follows:
Credit Agricole downgraded WhiteWave Foods
Credit Agricole downgraded WhiteWave Foods’ rating to “outperform” from “buy.”
Performance in 4Q15 and 2015
WhiteWave Foods reported fiscal 4Q15 net sales of $1,027.6 million—a rise of 12.8% compared to net sales of $911.0 million in fiscal 4Q14. Its net income and EPS (earnings per share) rose to $47.6 million and $0.26, respectively, in fiscal 4Q15—compared to $32.6 million and $0.18, respectively, in fiscal 4Q14.
Fiscal 2015 results
In fiscal 2015, WhiteWave Foods reported net sales of $3,866.3 million—a rise of 12.5% YoY (year-over-year). Its net income and EPS rose to $168.4 million and $0.94, respectively, in fiscal 2015—compared to $140.2 million and $0.79, respectively, in fiscal 2014.
WhiteWave Foods’ cash and cash equivalents fell by 23.1% and its inventories rose by 25.5% in fiscal 2015. Its current ratio fell to 1.00x and its DE (debt-to-equity) ratio rose to 2.5x in fiscal 2015—compared to a current ratio and DE ratio of 1.04x and 2.1x, respectively, in fiscal 2014.
The company made the following projections for fiscal 1Q16 and fiscal 2016:
- net sales growth of 11%–12%
- adjusted total operating income growth in the low-double digits
- adjusted EPS of $0.23–$0.24
- net sales growth of 10%–11%
- adjusted total operating income growth from the mid to high teens
- adjusted EPS of $1.27–$1.31
In the next part, we’ll look at Delphi Automotive.