Bayesian Capital Management LP purchased a new stake in Whole Foods Market, Inc. (NASDAQ:WFM) during the fourth quarter, Holdings Channel reports. The firm purchased 45,500 shares of the company’s stock, valued at approximately $1,400,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in WFM. BlackRock Advisors LLC raised its position in Whole Foods Market by 184.5% in the third quarter. BlackRock Advisors LLC now owns 3,922,163 shares of the company’s stock valued at $111,193,000 after buying an additional 2,543,384 shares during the period. Equity Investment Corp Acquisition Inc purchased a new position in Whole Foods Market during the fourth quarter valued at approximately $67,167,000. Morgan Stanley raised its position in Whole Foods Market by 85.8% in the third quarter. Morgan Stanley now owns 4,662,898 shares of the company’s stock valued at $132,192,000 after buying an additional 2,152,964 shares during the period. Russell Investments Group Ltd. purchased a new position in Whole Foods Market during the fourth quarter valued at approximately $48,352,000. Finally, Victory Capital Management Inc. raised its position in Whole Foods Market by 91.4% in the third quarter. Victory Capital Management Inc. now owns 2,803,770 shares of the company’s stock valued at $79,488,000 after buying an additional 1,338,802 shares during the period. 85.46% of the stock is currently owned by institutional investors.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

Whole Foods Market, Inc. (NASDAQ:WFM) traded down 0.52% during mid-day trading on Thursday, reaching $30.56. The company’s stock had a trading volume of 3,539,404 shares. The firm’s 50 day moving average price is $30.44 and its 200 day moving average price is $30.04. Whole Foods Market, Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The firm has a market capitalization of $9.73 billion, a P/E ratio of 22.06 and a beta of 0.75.

Whole Foods Market (NASDAQ:WFM) last posted its earnings results on Wednesday, February 8th. The company reported $0.39 EPS for the quarter, meeting the 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 had revenue of $4.90 billion for the quarter, compared to analysts’ expectations of $4.99 billion. During the same period last year, the firm earned $0.46 EPS. The firm’s revenue was up 1.8% compared to the same quarter last year. On average, analysts anticipate that Whole Foods Market, Inc. will post $1.35 EPS for the current fiscal year.

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Several research analysts have weighed in on the company. Bank of America Corporation downgraded Whole Foods Market from a “neutral” rating to an “underperform” rating and set a $25.00 target price on the stock. in a research note on Friday, November 4th. Vetr downgraded Whole Foods Market from a “hold” rating to a “sell” rating and set a $29.97 target price on the stock. in a research note on Tuesday, November 15th. Zacks Investment Research upgraded Whole Foods Market from a “strong sell” rating to a “hold” rating in a research note on Monday, November 7th. Wells Fargo & Company reiterated a “hold” rating on shares of Whole Foods Market in a research note on Wednesday, February 8th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating on shares of Whole Foods Market in a research note on Friday, February 10th. Six research analysts have rated the stock with a sell rating, fifteen have given a hold rating and six have given a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $29.53.

In related news, Director John Elstrott sold 4,500 shares of the firm’s stock in a transaction that occurred on Friday, February 10th. The stock was sold at an average price of $30.42, for a total value of $136,890.00. Following the sale, the director now directly owns 66,109 shares in the company, valued at approximately $2,011,035.78. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP James P. Sud sold 1,700 shares of the firm’s stock in a transaction that occurred on Wednesday, December 14th. The shares were sold at an average price of $31.30, for a total value of $53,210.00. Following the completion of the sale, the executive vice president now owns 185,322 shares in the company, valued at $5,800,578.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 10,792 shares of company stock worth $334,151. 1.30% of the stock is 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.

5 Day Chart for NASDAQ:WFM

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