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Stock Market & Financial Investment News

News Breaks
August 21, 2014
11:54 EDTHAIN, WWAVWhiteWave Foods retreats after analyst cuts rating
Shares of WhiteWave Foods (WWAV) are falling after research firm Longbow downgraded the stock to Neutral from Buy, citing concerns about competition and valuation. WhiteWave Foods markets organic foods, including substitutes for traditional milk products. It also sells traditional dairy products. WHAT'S NEW: Wal-Mart (WMT) appears to have introduced private label almond milk products at nearly all the locations checked by Longbow over the last two months, the firmís analyst Philip Terpolilli wrote in a note to investors today. The giant retailer has devoted more space to these private label brands, which cost about 25% less than the almond milk marketed by WhiteWave, the analyst stated. Although the private label almond milk mainly replaced other private label dairy items on shelves, WhiteWave products did lose some shelf space, the analyst stated. However, the company's almond milk did not lose any shelf space, he noted. Meanwhile, demand for WahiteWave's Horizon brand of conventional dairy products at Whole Foods (WFM) was mixed, Terpolilli reported. On a positive note, overall demand for WhiteWave's products remains solid, said Terpolilli, with demand for specialty milk rising by low single digit percentage levels at Wal-Mart this month versus the same period in 2013 and organic milk demand rising by mid single digit levels. But the analyst noted that WhiteWave's stock had surpassed his previous $35 price target and, in the wake of the survey results, he is not convinced that the stock can rise significantly this year. However, Terpolilli continues to be upbeat on the stock's long-term outlook .WHAT'S NOTABLE: WhiteWave competitor Hain Celestial (HAIN) yesterday reported slightly better than expected Q4 results. PRICE ACTION: In late morning trading, WhiteWave fell 73c, or 2%, to $34.50.
News For WWAV;HAIN From The Last 14 Days
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February 23, 2015
13:11 EDTWWAVWhiteWave Foods upgraded to Strong Buy from Buy at Tigress Financial
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February 20, 2015
15:31 EDTHAINHain Celestial acquires health and beauty products maker Belvedere
Hain Celestial announced the acquisition of Belvedere International, a health and beauty care products maker. "We are excited by the acquisition of the Live Clean brand, which expands our presence in the personal care category and complements our Avalon Organics, Alba Botanica and JASON brands that we sell into Canada. This acquisition increases the scale of our Canadian operations to over $150M in net sales and provides us with opportunities for sales expansion and cost efficiencies as we leverage our existing infrastructure in Canada and our manufacturing and research and development expertise in personal care," said Hain CEO Irwin Simon. The Live Clean brand is the leading natural hair care and baby care brand in Canada. In calendar year 2014 Belvedere had approximately $25M in net sales and is expected to be accretive to Hain Celestial's earnings in fiscal year 2016.
February 17, 2015
07:15 EDTHAIN, WWAVConsumer Analyst Group of New York (CAGNY) to hold a conference
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