Whole Foods Market, Inc. (NASDAQ:WFM) Stock Rating Lowered by Tigress Financial

Xavier Trudeau
Août 8, 2017

The Company's brands include 365 Everyday Value, Allegro Coffee, Whole Foods Market, Whole Paws, and Engine 2 Plant-Strong. (NASDAQ:WFM) by 96.3% during the second quarter, according to its most recent filing with the SEC. 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 last quarter. Hussman Strategic Advisors Inc.'s holdings in Whole Foods Market were worth $4,274,000 at the end of the most recent reporting period.

Institutional investors have recently modified their holdings of the company. PA increased its stake in shares of Whole Foods Market by 21.8% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 944,030 shares of the company's stock valued at $39,753,000 after buying an additional 4,884 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Whole Foods Market during the first quarter valued at $105,000. Acropolis Investment Management LLC raised its stake in Whole Foods Market by 3.0% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company's stock valued at $185,000 after buying an additional 207 shares during the period. BlackRock Inc. increased its position in Whole Foods Market by 3,657.4% in the first quarter. Finally, Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Whole Foods Market during the fourth quarter worth about $317,000. Has $264,000 Position in Whole Foods Market, Inc. (WFM) opened at 41.81 on Monday. The company has a 50-day moving average price of $41.52 and a 200-day moving average price of $34.78. Whole Foods Market Inc has $48 highest and $25 lowest target. Lastly, Addison Capital Co added additional shares of Whole Foods Market by 0.7% in the Fiscal Q2. (NASDAQ:WFM) was downgraded by investment analysts at Wells Fargo & Company from an "outperform" rating to a "market perform" rating in a research report issued on Tuesday, July 11th, Marketbeat reports. The company reported $0.36 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same period in the previous year, the firm posted $0.37 earnings per share. The business's quarterly revenue was up.6% on a year-over-year basis.

Whole Foods Market, Inc.is engaged in the business of natural and organic foods supermarket.

Whole Foods Market announced that its Board of Directors has authorized a share buyback program on Wednesday, May 10th that allows the company to repurchase $1.25 billion in outstanding shares. This buyback authorization permits the company to reacquire up to 10.8% of its shares through open market purchases. Stock repurchase plans are usually a sign that the company's leadership believes its shares are undervalued.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 11th. Investors of record on Friday, June 30th were given a dividend of $0.18 per share. The ex-dividend date was Wed, Jun 28th. this indicates a $0.72 annual dividend and a payout of of 1.72%. This dividend represents a yield of $1.72. This is an increase from Whole Foods Market's previous quarterly dividend of $0.14.

TRADEMARK VIOLATION WARNING: "Whole Foods Market, Inc". If you are viewing this report on another website, it was illegally copied and republished in violation of U.S. and global copyright & trademark laws. (NASDAQ:WFM) news were published by: Seekingalpha.com which released: "Whole Foods: Hopes Dim For A Higher Bid" on August 04, 2017, also Fool.com with their article: "Why Whole Foods Market, Inc". Parnassus Investments CA raised its position in shares of Whole Foods Market by 29.2% in the first quarter. They issued a "sell" rating and a $28.00 target price on the stock. Finally, Pivotal Research reiterated a "sell" rating and issued a $20.00 price objective on shares of Whole Foods Market in a report on Friday, April 14th. Credit Suisse Group restated an "outperform" rating and issued a $40.00 target price on shares of Whole Foods Market in a research report on Sunday, April 23rd. SunTrust Banks, Inc. reaffirmed a "buy" rating on shares of Whole Foods Market in a report on Wednesday, March 29th. Whole Foods Market presently has a consensus recommendation of "Hold" and an average price target of $38.06. Boltwood Capital Management now owns 11,850 shares of the company's stock valued at $352,000 after buying an additional 1,200 shares during the last quarter. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Over the last ninety days, insiders have sold 18,466 shares of company stock valued at $543,688. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, insider Juan Nunez sold 14,502 shares of the firm's stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the sale, the insider now directly owns 5,746 shares of the company's stock, valued at approximately $158,129.92. The disclosure for this sale can be found here. As of September 25, 2016, the Company operated 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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