State Treasurer State of Michigan boosted its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 0.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 104,598 shares of the company’s stock after buying an additional 500 shares during the period. State Treasurer State of Michigan’s holdings in Whole Foods Market were worth $3,109,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Great West Life Assurance Co. Can increased its position in shares of Whole Foods Market by 2.9% in the third quarter. Great West Life Assurance Co. Can now owns 417,849 shares of the company’s stock worth $11,831,000 after buying an additional 11,963 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Whole Foods Market by 2.5% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 49,672 shares of the company’s stock worth $1,408,000 after buying an additional 1,191 shares in the last quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH acquired a new stake in Whole Foods Market during the third quarter worth $196,000. Rothschild Asset Management Inc. increased its stake in Whole Foods Market by 6.9% in the third quarter. Rothschild Asset Management Inc. now owns 601,612 shares of the company’s stock worth $17,056,000 after buying an additional 38,921 shares in the last quarter. Finally, World Asset Management Inc increased its stake in Whole Foods Market by 1.3% in the third quarter. World Asset Management Inc now owns 34,141 shares of the company’s stock worth $968,000 after buying an additional 427 shares in the last quarter. 85.46% of the stock is currently owned by institutional investors and hedge funds.
Whole Foods Market, Inc. (NASDAQ:WFM) traded up 0.22% during mid-day trading on Friday, hitting $36.23. The stock had a trading volume of 1,402,334 shares. The firm’s 50-day moving average price is $34.71 and its 200 day moving average price is $31.51. Whole Foods Market, Inc. has a one year low of $27.67 and a one year high of $38.29. The company has a market cap of $11.55 billion, a PE ratio of 28.85 and a beta of 0.75.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, May 10th. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. The company had revenue of $3.74 million for the quarter, compared to analysts’ expectations of $3.73 billion. Whole Foods Market had a return on equity of 14.57% and a net margin of 2.81%. The firm’s quarterly revenue was down 99.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. On average, equities research analysts anticipate that Whole Foods Market, Inc. will post $1.31 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be paid a dividend of $0.18 per share. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.99%. The ex-dividend date is Wednesday, June 28th. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s payout ratio is currently 40.29%.
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A number of analysts have recently weighed in on the stock. Loop Capital assumed coverage on shares of Whole Foods Market in a research report on Monday. They issued a “hold” rating and a $35.00 target price on the stock. Zacks Investment Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. BMO Capital Markets upped their price target on shares of Whole Foods Market from $28.00 to $30.00 and gave the stock an “underperform” rating in a research note on Friday, May 12th. Deutsche Bank AG restated a “hold” rating and set a $38.00 target price (up previously from $28.00) on shares of Whole Foods Market in a research note on Thursday, May 11th. Finally, Jefferies Group LLC restated a “hold” rating and set a $39.00 target price (up previously from $33.00) on shares of Whole Foods Market in a research note on Thursday, May 11th. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and seven have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $32.94.
In related news, insider Juan Nunez sold 14,502 shares of the business’s stock in a transaction dated 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 in the company, valued at $158,129.92. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CFO Glenda J. Flanagan sold 4,250 shares of the business’s stock in a transaction dated Thursday, February 23rd. The stock was sold at an average price of $31.28, for a total value of $132,940.00. Following the completion of the transaction, the chief financial officer now owns 219,372 shares in the company, valued at approximately $6,861,956.16. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 37,736 shares of company stock worth $1,126,006. 1.30% of the stock is currently owned by 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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