Segantii Capital Management Ltd bought a new stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, Holdings Channel reports. The firm bought 100,000 shares of the company’s stock, valued at approximately $4,211,000. Whole Foods Market makes up about 1.0% of Segantii Capital Management Ltd’s holdings, making the stock its 20th largest position.

Several other institutional investors have also added to or reduced their stakes in WFM. BlackRock Inc. raised its position in Whole Foods Market by 3,657.4% in the first quarter. BlackRock Inc. now owns 26,099,592 shares of the company’s stock valued at $775,680,000 after buying an additional 25,404,982 shares in the last quarter. Parnassus Investments CA raised its position in Whole Foods Market by 29.2% in the first quarter. Parnassus Investments CA now owns 7,825,000 shares of the company’s stock valued at $232,559,000 after buying an additional 1,770,000 shares in the last quarter. Renaissance Technologies LLC raised its position in Whole Foods Market by 774.7% in the first quarter. Renaissance Technologies LLC now owns 1,588,848 shares of the company’s stock valued at $47,221,000 after buying an additional 1,407,200 shares in the last quarter. Vanguard Group Inc. raised its position in Whole Foods Market by 3.6% in the first quarter. Vanguard Group Inc. now owns 30,861,862 shares of the company’s stock valued at $917,214,000 after buying an additional 1,081,667 shares in the last quarter. Finally, Dimensional Fund Advisors LP raised its position in Whole Foods Market by 40.2% in the first quarter. Dimensional Fund Advisors LP now owns 3,050,285 shares of the company’s stock valued at $90,647,000 after buying an additional 874,149 shares in the last quarter. 87.89% of the stock is owned by institutional investors.

Shares of Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.83 on Friday. Whole Foods Market, Inc. has a 12 month low of $27.67 and a 12 month high of $43.84. The company has a 50 day moving average price of $41.99 and a 200-day moving average price of $35.24. The stock has a market cap of $13.40 billion, a P/E ratio of 34.46 and a beta of 0.82.

Whole Foods Market (NASDAQ:WFM) last released its earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating analysts’ consensus estimates of $0.33 by $0.03. Whole Foods Market had a net margin of 2.44% and a return on equity of 13.26%. The company had revenue of $3.73 billion for the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the previous year, the company earned $0.37 EPS. Whole Foods Market’s revenue for the quarter was up .6% on a year-over-year basis. On average, equities research analysts predict that Whole Foods Market, Inc. will post $1.34 earnings per share for the current year.

Whole Foods Market declared that its board has authorized a share repurchase plan on Wednesday, May 10th that permits the company to buyback $1.25 billion in outstanding shares. This buyback authorization permits the company to buy up to 10.8% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s board believes its shares are undervalued.

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WFM has been the subject of several recent analyst reports. Vetr raised Whole Foods Market from a “strong sell” rating to a “sell” rating and set a $31.24 target price for the company in a report on Wednesday, June 7th. Credit Suisse Group reaffirmed an “outperform” rating and issued a $40.00 target price on shares of Whole Foods Market in a report on Sunday, April 23rd. Zacks Investment Research raised Whole Foods Market from a “sell” rating to a “hold” rating in a report on Friday, May 12th. Pivotal Research reaffirmed a “sell” rating and issued a $20.00 target price on shares of Whole Foods Market in a report on Friday, April 14th. Finally, Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and issued a $40.00 target price (up from $35.00) on shares of Whole Foods Market in a report on Friday, April 14th. Four investment analysts have rated the stock with a sell rating, nineteen have issued a hold rating and four have given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $38.06.

In related news, insider Juan Nunez sold 14,502 shares of Whole Foods Market stock in a transaction on Thursday, May 18th. The shares were sold at an average price of $27.52, for a total transaction of $399,095.04. Following the transaction, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Laura A. Derba sold 2,200 shares of Whole Foods Market stock in a transaction on Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total transaction of $80,256.00. Following the transaction, the insider now owns 3,418 shares in the company, valued at approximately $124,688.64. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 18,133 shares of company stock worth $531,354. 1.30% of the stock is owned by corporate insiders.

Whole Foods Market Company Profile

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

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