Whole Foods Market, Inc. (NASDAQ:WFM) Stake Cut by Capital Impact Advisors LLC

Capital Impact Advisors LLC lowered its stake in Whole Foods Market, Inc. (NASDAQ:WFM) by 15.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 77,657 shares of the company’s stock after selling 14,457 shares during the period. Whole Foods Market accounts for approximately 1.5% of Capital Impact Advisors LLC’s portfolio, making the stock its 5th largest position. Capital Impact Advisors LLC’s holdings in Whole Foods Market were worth $3,270,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in the company. Oregon Public Employees Retirement Fund boosted its position in shares of 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 shares of 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 in the last quarter. Macquarie Group Ltd. raised its stake in shares of 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. Everence Capital Management Inc. bought a new stake in shares of Whole Foods Market during the first quarter worth $383,000. Finally, IFP Advisors Inc raised its stake in shares of 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 in the last quarter. 87.89% of the stock is currently owned by institutional investors.

Whole Foods Market, Inc. (NASDAQ WFM) traded down 0.19% during midday trading on Friday, hitting $41.75. 9,484,487 shares of the stock traded hands. 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. The stock’s 50-day moving average price is $41.95 and its 200-day moving average price is $35.32.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate 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 the consensus estimate of $3.72 billion. During the same quarter in the prior year, the company earned $0.37 EPS. Whole Foods Market’s quarterly revenue was up .6% on a year-over-year basis. Equities research analysts expect that Whole Foods Market, Inc. will post $1.34 EPS for the current fiscal year.

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

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A number of analysts have weighed in on the stock. BidaskClub upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research report on Friday. Tigress Financial lowered shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a report on Monday, August 7th. SunTrust Banks, Inc. lowered shares of Whole Foods Market from a “buy” rating to a “hold” rating and lifted their price target for the stock from $40.00 to $42.00 in a report on Tuesday, June 20th. Wells Fargo & Company reiterated a “hold” rating on shares of Whole Foods Market in a report on Wednesday, July 26th. Finally, Oppenheimer Holdings, Inc. reiterated an “outperform” rating and set a $45.00 price target on shares of Whole Foods Market in a report on Tuesday, June 20th. Three research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $38.06.

In other Whole Foods Market news, insider Juan Nunez sold 14,502 shares of the firm’s stock in a transaction on Thursday, May 18th. The stock was sold at an average price of $27.52, for a total value of $399,095.04. Following the transaction, the insider now owns 5,746 shares in the company, valued at approximately $158,129.92. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Angela Lorenzen sold 1,431 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $36.34, for a total value of $52,002.54. Following the completion of the transaction, the insider now owns 1,131 shares in the company, valued at approximately $41,100.54. The disclosure for this sale can be found here. Insiders have sold a total of 18,133 shares of company stock worth $531,354 in the last ninety days. Corporate insiders own 1.30% of the company’s stock.

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.

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

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