Mason Street Advisors LLC Invests $1,385,000 in Whole Foods Market Inc. (WFM)
Mason Street Advisors LLC acquired a new stake in Whole Foods Market Inc. (NASDAQ:WFM) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 43,240 shares of the company’s stock, valued at approximately $1,385,000.
Other large investors have also added to or reduced their stakes in the company. Seven Bridges Advisors LLC raised its position 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 period. M&R Capital Management Inc. purchased a new position in Whole Foods Market during the second quarter worth about $115,000. Global X Management Co. LLC raised its position 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 period. Hussman Strategic Advisors Inc. purchased a new position in Whole Foods Market during the second quarter worth about $144,000. Finally, Mizuho Asset Management Co. Ltd. raised its position 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 period. Institutional investors and hedge funds own 86.38% of the company’s stock.
Whole Foods Market Inc. (NASDAQ:WFM) opened at 28.22 on Wednesday. Whole Foods Market Inc. has a 52 week low of $27.67 and a 52 week high of $35.58. The company’s 50-day moving average price is $30.00 and its 200 day moving average price is $31.33. The company has a market capitalization of $9.00 billion, a PE ratio of 20.01 and a beta of 0.74.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 27th. The company reported $0.37 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.37. Whole Foods Market had a return on equity of 15.55% and a net margin of 3.03%. The business had revenue of $3.70 billion for the quarter, compared to the consensus estimate of $3.73 billion. During the same period last year, the business earned $0.43 EPS. The firm’s revenue was up 2.0% compared to the same quarter last year. On average, equities research analysts anticipate that Whole Foods Market Inc. will post $1.51 EPS for the current year.
A number of research analysts have issued reports on the stock. Credit Suisse Group AG set a $40.00 target price on shares of Whole Foods Market and gave the company a “buy” rating in a report on Wednesday, August 3rd. Wells Fargo & Co. restated a “market perform” rating on shares of Whole Foods Market in a report on Thursday, August 4th. Vetr upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating and set a $33.58 price objective on the stock in a report on Thursday, July 28th. RBC Capital Markets set a $37.00 price objective on shares of Whole Foods Market and gave the stock a “buy” rating in a report on Thursday, July 28th. Finally, Oppenheimer Holdings Inc. reiterated an “outperform” rating and set a $38.00 price objective on shares of Whole Foods Market in a report on Wednesday, July 20th. Seven analysts have rated the stock with a sell rating, sixteen have issued a hold rating, six have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.29.
In related news, Director Shahid M. Hassan sold 7,916 shares of the firm’s stock in a transaction that occurred on Friday, September 16th. The stock was sold at an average price of $28.41, for a total value of $224,893.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 1.09% of the stock is 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.
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