Athos Capital Ltd purchased a new position in Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The fund purchased 140,000 shares of the company’s stock, valued at approximately $5,895,000. Whole Foods Market comprises about 3.4% of Athos Capital Ltd’s holdings, making the stock its 8th largest position.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in Whole Foods Market by 3.6% in the first quarter. Vanguard Group Inc. now owns 30,861,862 shares of the company’s stock worth $917,214,000 after buying an additional 1,081,667 shares during the period. BlackRock Inc. raised its stake in Whole Foods Market by 3,657.4% in the first quarter. BlackRock Inc. now owns 26,099,592 shares of the company’s stock worth $775,680,000 after buying an additional 25,404,982 shares during the period. State Street Corp raised its stake in Whole Foods Market by 5.0% in the first quarter. State Street Corp now owns 14,541,942 shares of the company’s stock worth $432,186,000 after buying an additional 689,865 shares during the period. Parnassus Investments CA raised its stake in Whole Foods Market by 29.2% in the first quarter. Parnassus Investments CA now owns 7,825,000 shares of the company’s stock worth $232,559,000 after buying an additional 1,770,000 shares during the period. Finally, Sustainable Growth Advisers LP raised its stake in Whole Foods Market by 12.5% in the first quarter. Sustainable Growth Advisers LP now owns 6,483,692 shares of the company’s stock worth $192,695,000 after buying an additional 720,923 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.85 on Thursday. The firm has a market cap of $13.40 billion, a P/E ratio of 34.47 and a beta of 0.82. The company has a 50-day moving average of $42.03 and a 200 day moving average of $35.19. Whole Foods Market, Inc. has a one year low of $27.67 and a one year high of $43.84.
Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The business had revenue of $3.73 billion for the quarter, compared to analyst estimates of $3.72 billion. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The company’s revenue for the quarter was up .6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. Equities research analysts expect that Whole Foods Market, Inc. will post $1.34 earnings per share for the current fiscal year.
Whole Foods Market declared that its board has initiated a share buyback plan on Wednesday, May 10th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the company to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.
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A number of analysts recently weighed in on the stock. Wells Fargo & Company raised shares of Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective for the company in a research note on Thursday, May 11th. Zacks Investment Research raised shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. BidaskClub raised shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr raised shares of Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price objective for the company in a research note on Monday, June 19th. Finally, Tigress Financial lowered shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday. Four equities research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have issued a buy rating to the company’s stock. Whole Foods Market currently has an average rating of “Hold” and a consensus target price of $38.06.
In other news, insider Juan Nunez sold 14,502 shares of the business’s stock in a transaction that occurred on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total value of $399,095.04. Following the transaction, the insider now owns 5,746 shares of the company’s stock, valued at $158,129.92. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Laura A. Derba sold 2,200 shares of the business’s stock in a transaction that occurred on Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total value of $80,256.00. Following the completion of the transaction, the insider now directly owns 3,418 shares in the company, valued at approximately $124,688.64. The disclosure for this sale can be found here. In the last three months, insiders sold 18,466 shares of company stock worth $543,688. Corporate insiders own 1.30% of the company’s stock.
Whole Foods Market Company Profile
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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