Country Trust Bank reduced its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 28.8% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 191,800 shares of the company’s stock after selling 77,600 shares during the period. Country Trust Bank owned about 0.06% of Whole Foods Market worth $5,700,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. SRB Corp increased its position in shares of Whole Foods Market by 12.3% in the third quarter. SRB Corp now owns 5,033 shares of the company’s stock worth $143,000 after buying an additional 552 shares during the last quarter. Seven Bridges Advisors LLC increased its position in shares of Whole Foods Market by 55.4% in the third quarter. Seven Bridges Advisors LLC now owns 5,331 shares of the company’s stock worth $151,000 after buying an additional 1,900 shares during the last quarter. Pacad Investment Ltd. bought a new position in shares of Whole Foods Market during the fourth quarter worth about $163,000. Synovus Financial Corp increased its position in shares of Whole Foods Market by 41.0% in the third quarter. Synovus Financial Corp now owns 6,895 shares of the company’s stock worth $195,000 after buying an additional 2,005 shares during the last quarter. Finally, Meag Munich Ergo Kapitalanlagegesellschaft MBH bought a new position in shares of Whole Foods Market during the third quarter worth about $196,000. 85.46% of the stock is owned by institutional investors.
Shares of Whole Foods Market, Inc. (NASDAQ:WFM) traded up 0.59% during mid-day trading on Friday, reaching $35.71. The company’s stock had a trading volume of 3,974,346 shares. The company’s 50-day moving average is $30.67 and its 200 day moving average is $30.36. Whole Foods Market, Inc. has a 1-year low of $27.67 and a 1-year high of $35.92. The firm has a market capitalization of $11.38 billion, a P/E ratio of 25.78 and a beta of 0.75.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, February 8th. The company reported $0.39 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.39. Whole Foods Market had a return on equity of 14.57% and a net margin of 2.81%. The firm earned $4.90 billion during the quarter, compared to the consensus estimate of $4.99 billion. During the same quarter in the previous year, the business earned $0.46 earnings per share. The firm’s quarterly revenue was up 1.8% compared to the same quarter last year. On average, analysts expect that Whole Foods Market, Inc. will post $1.33 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, April 18th. Shareholders of record on Friday, April 7th were given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 1.57%. The ex-dividend date was Wednesday, April 5th. Whole Foods Market’s dividend payout ratio (DPR) is presently 40.29%.
WFM has been the subject of a number of analyst reports. TheStreet raised Whole Foods Market from a “c+” rating to a “b” rating in a report on Wednesday, March 1st. SunTrust Banks, Inc. reissued a “buy” rating on shares of Whole Foods Market in a report on Wednesday, March 29th. Credit Suisse Group AG reaffirmed a “buy” rating and set a $36.00 target price on shares of Whole Foods Market in a research note on Wednesday, April 5th. Vetr downgraded Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.12 target price for the company. in a research note on Monday, April 10th. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $30.00 target price on shares of Whole Foods Market in a research note on Thursday, February 9th. Six equities research analysts have rated the stock with a sell rating, fifteen have assigned a hold rating and five have assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.98.
In other Whole Foods Market news, insider Michael Bashaw sold 2,614 shares of the business’s stock in a transaction dated Friday, March 3rd. The stock was sold at an average price of $29.56, for a total transaction of $77,269.84. Following the completion of the sale, the insider now owns 4,949 shares of the company’s stock, valued at $146,292.44. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Christina Minardi sold 2,061 shares of the business’s stock in a transaction dated Thursday, March 9th. The shares were sold at an average price of $29.30, for a total value of $60,387.30. Following the sale, the insider now directly owns 1,461 shares of the company’s stock, valued at approximately $42,807.30. The disclosure for this sale can be found here. In the last three months, insiders have sold 26,006 shares of company stock valued at $796,182. 1.30% of the stock is owned by company insiders.
About Whole Foods Market
Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.
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