Public Employees Retirement Association of Colorado reduced its stake in shares of Whole Foods Market Inc. (NASDAQ:WFM) by 2.9% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 66,503 shares of the company’s stock after selling 1,979 shares during the period. Public Employees Retirement Association of Colorado’s holdings in Whole Foods Market were worth $1,885,000 at the end of the most recent quarter.
Other large investors have also recently modified their holdings of the company. Seven Bridges Advisors LLC increased its stake in Whole Foods Market by 17.7% in the second quarter. Seven Bridges Advisors LLC now owns 3,431 shares of the company’s stock worth $110,000 after buying an additional 515 shares during the last quarter. M&R Capital Management Inc. bought a new stake in Whole Foods Market during the second quarter worth about $115,000. Global X Management Co. LLC increased its stake in Whole Foods Market by 2,392.3% in the second quarter. Global X Management Co. LLC now owns 3,888 shares of the company’s stock worth $124,000 after buying an additional 3,732 shares during the last quarter. Hussman Strategic Advisors Inc. bought a new stake in Whole Foods Market during the second quarter worth about $144,000. Finally, Mizuho Asset Management Co. Ltd. increased its stake in Whole Foods Market by 105.0% in the second quarter. Mizuho Asset Management Co. Ltd. now owns 4,609 shares of the company’s stock worth $148,000 after buying an additional 2,361 shares during the last quarter. Institutional investors and hedge funds own 88.56% of the company’s stock.
Shares of Whole Foods Market Inc. (NASDAQ:WFM) opened at 30.93 on Friday. The stock’s 50 day moving average is $29.39 and its 200 day moving average is $30.66. Whole Foods Market Inc. has a 12 month low of $27.67 and a 12 month high of $35.58. The firm has a market cap of $9.85 billion, a PE ratio of 19.95 and a beta of 0.76.
Whole Foods Market (NASDAQ:WFM) last released its quarterly earnings results on Wednesday, November 2nd. The company reported $0.28 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.04. Whole Foods Market had a net margin of 3.22% and a return on equity of 15.65%. The business had revenue of $3.50 billion for the quarter, compared to the consensus estimate of $26.30 million. During the same period in the prior year, the company posted $0.24 earnings per share. Whole Foods Market’s revenue was up 1.7% compared to the same quarter last year. Analysts forecast that Whole Foods Market Inc. will post $1.45 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 24th. Investors of record on Friday, January 13th will be paid a $0.14 dividend. The ex-dividend date is Wednesday, January 11th. This is an increase from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.56 annualized dividend and a dividend yield of 1.81%. Whole Foods Market’s dividend payout ratio is 34.84%.
A number of research firms have recently weighed in on WFM. Credit Suisse Group AG set a $40.00 price target on shares of Whole Foods Market and gave the company a “buy” rating in a report on Sunday, November 6th. Wells Fargo & Co. restated a “market perform” rating on shares of Whole Foods Market in a report on Thursday, August 4th. Barclays PLC set a $30.00 price target on shares of Whole Foods Market and gave the company a “hold” rating in a report on Saturday, November 19th. Vetr downgraded shares of Whole Foods Market from a “buy” rating to a “hold” rating and set a $31.46 price target on the stock. in a report on Monday, August 22nd. Finally, BMO Capital Markets restated an “underperform” rating and set a $23.00 price target on shares of Whole Foods Market in a report on Thursday, November 3rd. Seven investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $30.20.
In other Whole Foods Market news, Director Shahid M. Hassan sold 7,916 shares of the stock in a transaction dated Friday, September 16th. The shares were sold at an average price of $28.41, for a total transaction of $224,893.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Jeff Turnas sold 4,400 shares of the stock in a transaction dated Friday, November 11th. The stock was sold at an average price of $30.21, for a total transaction of $132,924.00. Following the sale, the insider now owns 6,792 shares in the company, valued at $205,186.32. The disclosure for this sale can be found here. 1.09% of the stock is currently owned by corporate insiders.
Whole Foods Market Company Profile
Whole Foods Market, Inc is engaged in operating natural and organic foods supermarkets. The Company’s brands include Allegro Coffee, Whole Foods Market, Whole Paws and Engine 2 Plant-Strong. As of April 10, 2016, the Company operated 441 stores, which include 421 stores in 42 states in the United States and the District of Columbia, 11 stores in Canada, and 9 stores in the United Kingdom.