Berkeley Capital Partners LLC Has $1.01 Million Position in Whole Foods Market, Inc. (WFM)
Berkeley Capital Partners LLC reduced its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 0.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 23,945 shares of the company’s stock after selling 33 shares during the period. Berkeley Capital Partners LLC’s holdings in Whole Foods Market were worth $1,008,000 at the end of the most recent quarter.
Several other large investors also recently added to or reduced their stakes in the stock. Oregon Public Employees Retirement Fund raised its stake in Whole Foods Market by 1.6% in the first quarter. Oregon Public Employees Retirement Fund now owns 143,522 shares of the company’s stock worth $4,265,000 after buying an additional 2,300 shares during the period. Meag Munich Ergo Kapitalanlagegesellschaft MBH raised its stake in Whole Foods Market by 16.8% in the first quarter. Meag Munich Ergo Kapitalanlagegesellschaft MBH now owns 512,229 shares of the company’s stock worth $14,938,000 after buying an additional 73,498 shares during the period. Macquarie Group Ltd. raised its stake in Whole Foods Market by 17.1% in the fourth quarter. Macquarie Group Ltd. now owns 37,000 shares of the company’s stock worth $1,138,000 after buying an additional 5,400 shares during the period. Everence Capital Management Inc. bought a new stake in Whole Foods Market during the first quarter worth approximately $383,000. Finally, IFP Advisors Inc raised its stake in Whole Foods Market by 52.5% in the first quarter. IFP Advisors Inc now owns 17,547 shares of the company’s stock worth $522,000 after buying an additional 6,044 shares during the period. Hedge funds and other institutional investors own 87.89% of the company’s stock.
Shares of Whole Foods Market, Inc. (WFM) opened at 41.75 on Friday. The stock has a 50 day moving average price of $41.95 and a 200 day moving average price of $35.32. The stock has a market capitalization of $13.37 billion, a P/E ratio of 34.39 and a beta of 0.82. Whole Foods Market, Inc. has a 52 week low of $27.67 and a 52 week high of $43.84.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) 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 firm had revenue of $3.73 billion during the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter in the previous year, the firm posted $0.37 EPS. The company’s revenue for the quarter was up .6% compared to the same quarter last year. On average, equities research analysts expect that Whole Foods Market, Inc. will post $1.34 EPS for the current year.
Whole Foods Market declared that its Board of Directors has authorized a stock repurchase program on Wednesday, May 10th that permits the company to repurchase $1.25 billion in shares. This repurchase authorization permits the company to buy up to 10.8% of its shares through open market purchases. Shares repurchase programs are generally a sign that the company’s board believes its stock is undervalued.
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WFM has been the topic of several research analyst reports. Wolfe Research upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating in a research report on Tuesday, May 2nd. Credit Suisse Group restated an “outperform” rating and set a $40.00 target price on shares of Whole Foods Market in a research report on Sunday, April 23rd. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $40.00 target price (up previously from $35.00) on shares of Whole Foods Market in a research report on Friday, April 14th. Zacks Investment Research lowered Whole Foods Market from a “hold” rating to a “sell” rating in a research report on Monday, May 1st. Finally, Vetr lowered Whole Foods Market from a “hold” rating to a “sell” rating and set a $35.59 target price on the stock. in a research report on Monday, May 8th. Three equities research analysts have rated the stock with a sell rating, twenty have given a hold rating and four have issued a buy rating to the company’s stock. Whole Foods Market currently has an average rating of “Hold” and a consensus target price of $38.06.
In other news, insider Laura A. Derba sold 2,200 shares of the business’s 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 completion of the sale, the insider now owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Angela Lorenzen sold 1,431 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Following the sale, the insider now directly owns 1,131 shares of the company’s stock, valued at approximately $41,100.54. The disclosure for this sale can be found here. In the last three months, insiders have sold 18,133 shares of company stock valued at $531,354. Insiders own 1.30% of the company’s stock.
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.
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