The Whitewave Foods Company
A Look at Mead Johnson Nutrition’s 4Q16 Performance
Mead Johnson Nutrition Company (MJN) fell 4.8% to close at $71.24 per share during the fourth week of January 2017.
Berenberg Rated Mead Johnson Nutrition Company as a ‘Sell’
Mead Johnson Nutrition Company (MJN) has a market cap of $13.9 billion. It rose 5.3% to close at $75.25 per share on January 18, 2017.
Mead Johnson Nutrition Declares Dividend of $0.41 Per Share
Mead Johnson Nutrition rose 1.2% to close at $72.85 per share on December 14. Its weekly, monthly, and YTD price movements were 0.16%, 0.83%, and -6.3%.
A Look at WhiteWave Foods’ 3Q16 Performance
Price movement WhiteWave Foods (WWAV) has a market cap of $9.7 billion. It rose 0.78% to close at $54.47 per share on November 9, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 0.59%, 1.7%, and 40.0%, respectively, on the same day. WWAV is trading 0.37% above its 20-day moving average, 0.44% […]
How Did Flowers Foods Perform in 3Q16?
Price movement Flowers Foods (FLO) has a market cap of $3.3 billion. It rose 1.4% to close at $15.87 per share on November 9, 2016. The stock’s weekly, monthly, and year-to-date (or YTD) price movements were 4.1%, 5.5%, and -26.2%, respectively, on the same day. FLO is trading 3.4% above its 20-day moving average, 4.4% […]
How Starbucks Brews Up Sustainable Products
A sustainable coffee effort In the previous article, we looked at industry-level and investment-level examples of how things have been on the sustainable investment front and the developments that are helping certain industries. In this article, we’ll look at a company-level example by way of Starbucks (SBUX). Starbucks employs sustainability standards called C.A.F.E. (Coffee and […]
Ingredion Has Declared a Quarterly Dividend
Ingredion (INGR) rose 0.32% to close at $129.28 per share during the third week of September 2016.
Why Did Valspar’s Coatings Segment Revenue Fall in 3Q16?
Valspar (VAL) reports its revenue under two segments, namely: the coatings segment and paints segment.
Wells Fargo Downgrades WhiteWave Foods to ‘Market Perform’
WhiteWave Foods Company (WWAV) has a market cap of $9.8 billion. It rose by 0.27% to close at $55.27 per share on August 17, 2016.
What Are Analysts’ Expectations for J.M. Smucker ahead of 1Q17?
Currently, 60% of analysts rate J.M. Smucker as a “hold.” Around 30% rate it as a “buy,” and 10% rate it as a “sell.”
How Could TIAA Walk Away from the Deal?
We’ll look at the MAE (material adverse effect) clause of the Everbank (EVER)-TIAA merger agreement and see how TIAA could walk away from the deal.
What’s the Rationale for the TIAA-Everbank Merger?
Everbank is a major player in the mortgage origination space. TIAA is looking to take some of that mortgage origination and put it on its balance sheet.
TIAA Buys Everbank to Boost Its Banking Business
On August 8, 2016, TIAA and Everbank (EVER) announced a merger in which TIAA will purchase Everbank for $19.50 per share in cash, or ~$2.5 billion.
What Benefited ADM’s WILD Flavors and Specialty Ingredients in 2Q16?
Archer Daniels Midland’s management mentioned that the WILD Flavors and Specialty Ingredients’ results were in line with the same quarter last year.
Société Générale Downgrades Mead Johnson Nutrition to a ‘Hold’
Mead Johnson Nutrition Company (MJN) has a market capitalization of $16.6 billion. It fell by 0.77% to close at $89.20 per share on July 29, 2016.
What’s Kellogg’s Updated Guidance for Fiscal 2016?
Kellogg (K) updated its fiscal 2016 guidance for currency-neutral comparable net sales, operating profit, and earnings per share.
Will Kellogg Report Lower Revenue Again in 2Q16?
Analysts expect Kellogg’s revenue to be $3.36 billion for fiscal 2Q16. This represents a decline of 4% compared to revenue of $3.50 billion in 2Q15.
How’s ADM Advancing with Its Portfolio Management Strategy?
As part of its portfolio management strategy, Archer Daniels Midland (ADM) sold its Brazilian sugar cane ethanol operations.
How’s Cal-Maine Trading Compared to Its Key Moving Averages?
As of July 18, 2016, Cal-Maine Foods (CALM) closed at $44.18. It traded 8.3% below its 100-day moving average and 0.7% below it 50-day moving average.
What Do Analysts Recommend for Cal-Maine Foods after 4Q16?
The average broker target price for Cal-Maine Foods rose slightly to $42.25 from $41.5—4.5% lower than the closing price of $44.18 on July 18, 2016.
Mead Johnson & Company Gets Upgraded to ‘Neutral’
Mead Johnson & Company (MJN) has a market cap of $17.0 billion. It rose by 0.46% to close at $90.95 per share on July 13, 2016.
Will Arbitrageurs Set Up the WhiteWave Trade?
In the risk arbitrage world, an 0.5% annualized return is too tight to bother with unless you think it gets competitive.
Parsing the WhiteWave Material Adverse Effect Clause
We’ll look at the MAE (material adverse effect) clause of the WhiteWave (WWAV) merger agreement and see under which circumstance the buyer (Danone) can walk away from the deal.
Why Is Danone Buying WhiteWave?
As we saw in the first part of this series, French food company Danone is buying US dairy products firm WhiteWave (WWAV) for $56.25 a share in cash.
WhiteWave Foods’ Stock Soared on Its Takeover Announcement
On July 7, 2016, after the announcement of a definite merger agreement between Danone (DANOY) and WhiteWave Foods (WWAV), WhiteWave’s stock soared by 19%.
How Can WhiteWave Foods Add to Danone’s Business?
WhiteWave Foods (WWAV) currently generates around 80%–85% of its total revenue and operating profit from North America alone.
What Are the Benefits of Danone’s WhiteWave Acquisition?
Danone will be acquiring WhiteWave Foods for $56.25 per share in an all-cash transaction. This makes WWAV’s total enterprise value ~$12.5 billion.
Why Did JPMorgan Chase Downgrade WhiteWave Foods?
On July 8, 2016, JPMorgan Chase (JPM) downgraded WhiteWave Foods’ (WWAV) stock to a “neutral” rating from an “overweight” rating.
Who Were the Outliers in the Consumer Space on July 8?
On July 8, 2016, the S&P Consumer Discretionary Index slightly outperformed the S&P Consumer Staples Index and the S&P 500 as a whole. The indexes had respective returns of 1.8%, 1.0%, and 1.5%.
Danone and WhiteWave Foods Merger: Will It Fulfill Future Demand?
WhiteWave Foods (WWAV) has a market cap of $8.3 billion. It rose by 0.94% to close at $47.43 per share on July 6, 2016.
What Drove Down General Mills’ Revenue Growth for Fiscal 4Q16?
General Mills’ (GIS) net sales for fiscal 4Q16 fell 9% year-over-year. However, they beat analysts’ estimates by 2%.
Kraft Heinz: 71% of Analysts Recommend a ‘Buy’ after Fiscal 1Q16
Kraft Heinz released its financial results for fiscal 1Q16—71% of analysts rate Kraft Heinz a “buy,” ~19% rate it a “hold,” and 10% rate it a “’sell.”
Analyzing ADM’s Balanced Capital Allocation Framework
In 2016, Archer Daniels Midland’s priority is its balanced capital allocation framework. It started by selling a 50% interest in its Brazilian port in 2015.
Strong Performance for WILD Flavors and Specialty Ingredients
Archer Daniels Midland’s management mentioned that the WILD Flavors and Specialty Ingredients’ results were in line with the expectations in 1Q16.
Why Did ADM’s Agricultural Services Segment Suffer in 1Q16?
The Agricultural Services segment’s operating profit took a toll in the first quarter. It fell by $118 million from the quarter last year to $75 million.
How Did Pinnacle Foods’ Stock React to Its Fiscal 1Q16 Earnings?
On April 28, 2016, Pinnacle Foods (PF) reported its financial results for fiscal 1Q16, which ended March 27. Pinnacle Foods’ stock has fallen 3% since its previous earnings release on February 25.
How Did ConAgra Foods Use the Proceeds from Its Divestiture?
ConAgra Foods (CAG) completed the divestiture of its private-label business on February 1, 2016. The company received proceeds of more than $2.6 billion.
Did ConAgra Foods’ Revenue Rise in Fiscal 3Q16?
Before the opening bell on April 7, ConAgra Foods (CAG) reported its financial results for fiscal 3Q16, which ended February 28, 2016. CAG’s revenue increased by 0.69% year-over-year.
Credit Agricole Downgraded WhiteWave Foods to ‘Outperform’
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.
Mead Johnson Nutrition Just Declared Quarterly Dividend
Mead Johnson fell 1.2% to close at $73.16 per share on March 2. MJN’s weekly, monthly, and YTD price movements were 0.66%, 1.7%, and -7.3%, respectively.
Snyder’s-Lance Completes the Acquisition of Diamond Foods
Snyder’s-Lance entered into a definitive agreement to acquire Diamond Foods on October 28, 2015. The acquisition creates a powerful international company.
Snyder’s-Lance Stock Fell 6% after Its Fiscal 2015 Results
Snyder’s-Lance (LNCE) stock fell 6% after the company reported its fiscal 2015 results after the market closed on February 29, 2016.
Campbell Soup in Fiscal 2016: What’s the Raised Guidance?
Campbell Soup raised its earnings guidance for fiscal 2016 one week before the earnings release due to better-than-expected results for the second quarter.
How Did WhiteWave Foods’ Stock React to 4Q15 Earnings?
On February 11, 2016, The WhiteWave Foods Company (WWAV) reported its 4Q15 and 2015 earnings. The stock fell ~1% on the day.
WWAV Expects Acquisitions to Improve Its Future Performance
WhiteWave Foods (WWAV) completed two acquisitions in 2015. The acquisition of Wallaby Yogurt Company was completed in August 2015.
How WhiteWave Foods’s Stock Has Performed since 3Q15
On November 9, 2015, WhiteWave Foods (WWAV) reported its 2015 third quarter results, and the stock rose ~5%, reacting to the company’s strong performance.
WhiteWave Foods’ Earnings Expected to Rise 26% in 4Q15
WhiteWave Foods (WWAV) has been showing tremendous positive growth in earnings over the past few quarters. Earnings continue to rise every quarter.
How Does WhiteWave Foods Compare to Its Peers?
WhiteWave Foods has outperformed its ETFs based on price movement, PE ratio, and PBV ratio. The PBV ratios of WWAV, FXG, CSD, and PSL are 6.6x, 3.2x, 1.7x, and 5.2x, respectively.
Diamond Foods to Improve Snyder’s-Lance Presence in Healthier Snacks
Snyder’s-Lance is promoting “better-for-you” snacking options. Its acquisition of Diamond Foods could improve Snyder’s-Lance presence in healthier snacks.
Davidson Kempner Capital buys a new position in LSI in 4Q13
Davidson Kempner added a new position in LSI Corp. (LSI) that accounted for 1.39% of the fund’s 4Q portfolio.
Davidson Kempner Capital buys a new 4Q13 stake in Apple
Davidson Kempner added a new position in Apple Inc. (AAPL) that accounted for 2.19% of the fund’s 4Q portfolio. Apple found favor with hedge funds last quarter.
Assessing Davidson Kempner Capital Management’s 4Q13 positions
Davidson Kempner Capital Management LLC is a hedge fund manager led by president Thomas Kempner, Jr., who joined the firm in 1984. It has about $22 billion in assets under management.
Davidson Kempner Capital opens new positions in WWAV, CBS, MCD and sells LBTYK, NVE, FDX—13F Flash B
Davidson Kempner Capital Management LLC is an event-driven hedge fund manager led by president Thomas Kempner, Jr. Why buy CBS Corp. (CBS)?
Davidson Kempner Capital opens new positions in WWAV, CBS, MCD and sells LBTYK, NVE, FDX—13F Flash A
Davidson Kempner Capital Management LLC is an event-driven hedge fund manager led by president Thomas Kempner, Jr. Why buy Whitewave Foods Co. (WWAV)?