KBC Group NV Has $2.96 Million Position in Whole Foods Market, Inc. (WFM)
KBC Group NV cut its stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 80.8% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 70,239 shares of the company’s stock after selling 295,437 shares during the period. KBC Group NV’s holdings in Whole Foods Market were worth $2,958,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. Macquarie Group Ltd. boosted its position 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 in the last quarter. DnB Asset Management AS boosted its position in Whole Foods Market by 15.8% in the first quarter. DnB Asset Management AS now owns 47,000 shares of the company’s stock worth $1,397,000 after buying an additional 6,400 shares in the last quarter. Nisa Investment Advisors LLC boosted its position in Whole Foods Market by 0.7% in the first quarter. Nisa Investment Advisors LLC now owns 102,268 shares of the company’s stock worth $3,039,000 after buying an additional 690 shares in the last quarter. Retirement Systems of Alabama boosted its position in Whole Foods Market by 2.0% in the first quarter. Retirement Systems of Alabama now owns 153,988 shares of the company’s stock worth $4,577,000 after buying an additional 3,067 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. boosted its position in Whole Foods Market by 26.7% in the first quarter. Candriam Luxembourg S.C.A. now owns 24,184 shares of the company’s stock worth $719,000 after buying an additional 5,098 shares in the last quarter. Institutional investors own 86.33% of the company’s stock.
Shares of Whole Foods Market, Inc. (NASDAQ:WFM) opened at 41.99 on Friday. The firm has a 50-day moving average price of $41.82 and a 200-day moving average price of $36.15. Whole Foods Market, Inc. has a 52-week low of $27.67 and a 52-week high of $43.84. The firm has a market cap of $13.45 billion, a price-to-earnings ratio of 34.59 and a beta of 0.82.
Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The company had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. Whole Foods Market had a return on equity of 13.26% and a net margin of 2.44%. The firm’s revenue was up .6% compared to the same quarter last year. During the same period last year, the business posted $0.37 earnings per share. Analysts predict that Whole Foods Market, Inc. will post $1.33 EPS for the current fiscal year.
Whole Foods Market announced that its Board of Directors has initiated a stock buyback plan on Wednesday, May 10th that allows the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization allows the company to purchase up to 10.8% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s board believes its stock is undervalued.
A number of equities analysts have recently weighed in on WFM shares. Zacks Investment Research cut Whole Foods Market from a “hold” rating to a “sell” rating in a report on Monday, May 1st. Wolfe Research upgraded Whole Foods Market from an “underperform” rating to a “market perform” rating in a report on Tuesday, May 2nd. Vetr cut Whole Foods Market from a “hold” rating to a “sell” rating and set a $35.59 price target for the company. in a report on Monday, May 8th. Gordon Haskett started coverage on Whole Foods Market in a report on Tuesday, May 9th. They set a “buy” rating and a $42.00 price target for the company. Finally, Telsey Advisory Group increased their price target on Whole Foods Market from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Thursday, May 11th. Four equities research analysts have rated the stock with a sell rating, twenty have issued a hold rating and three have assigned a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus target price of $37.76.
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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