Hunting Hill Global Capital LLC Buys New Stake in Whole Foods Market, Inc. (NASDAQ:WFM)

Hunting Hill Global Capital LLC purchased a new stake in shares of Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 202,900 shares of the company’s stock, valued at approximately $8,544,000. Whole Foods Market comprises approximately 2.2% of Hunting Hill Global Capital LLC’s investment portfolio, making the stock its 9th largest position. Hunting Hill Global Capital LLC owned approximately 0.06% of Whole Foods Market at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in WFM. Vanguard Group Inc. increased its stake in shares of Whole Foods Market by 3.6% in the first quarter. Vanguard Group Inc. now owns 30,861,862 shares of the company’s stock worth $917,214,000 after buying an additional 1,081,667 shares during the last quarter. BlackRock Inc. increased its stake in shares of Whole Foods Market by 3,657.4% in the first quarter. BlackRock Inc. now owns 26,099,592 shares of the company’s stock worth $775,680,000 after buying an additional 25,404,982 shares during the last quarter. State Street Corp increased its stake in shares of Whole Foods Market by 5.0% in the first quarter. State Street Corp now owns 14,541,942 shares of the company’s stock worth $432,186,000 after buying an additional 689,865 shares during the last quarter. Parnassus Investments CA increased its stake in shares of Whole Foods Market by 29.2% in the first quarter. Parnassus Investments CA now owns 7,825,000 shares of the company’s stock worth $232,559,000 after buying an additional 1,770,000 shares during the last quarter. Finally, Sustainable Growth Advisers LP increased its stake in shares of Whole Foods Market by 12.5% in the first quarter. Sustainable Growth Advisers LP now owns 6,483,692 shares of the company’s stock worth $192,695,000 after buying an additional 720,923 shares during the last quarter. Institutional investors and hedge funds own 86.33% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ WFM) remained flat at $41.73 during mid-day trading on Friday. The company had a trading volume of 2,316,383 shares. Whole Foods Market, Inc. has a 52 week low of $27.67 and a 52 week high of $43.84. The company’s 50 day moving average is $41.85 and its 200-day moving average is $35.72. The firm has a market cap of $13.36 billion, a PE ratio of 34.37 and a beta of 0.82.

Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.33 by $0.03. The business had revenue of $3.73 billion during 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 quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.37 earnings per share. Analysts anticipate that Whole Foods Market, Inc. will post $1.33 earnings per share for the current year.

Whole Foods Market announced that its board has approved a share repurchase program on Wednesday, May 10th that authorizes the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization authorizes the company to repurchase up to 10.8% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company’s management believes its stock is undervalued.

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A number of brokerages have issued reports on WFM. Zacks Investment Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Friday, May 12th. Wells Fargo & Company upgraded shares of Whole Foods Market from a “market perform” rating to an “outperform” rating and set a $42.00 price objective on the stock in a research note on Thursday, May 11th. BidaskClub upgraded shares of Whole Foods Market from a “hold” rating to a “buy” rating in a research note on Tuesday, June 13th. Vetr upgraded shares of Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price objective on the stock in a research note on Monday, June 19th. Finally, Tigress Financial downgraded shares of Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th. Four research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and four have assigned a buy rating to the stock. Whole Foods Market has a consensus rating of “Hold” and a consensus target price of $38.06.

In other Whole Foods Market news, insider Angela Lorenzen sold 1,431 shares of the stock in a transaction on Monday, May 22nd. The stock was 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 $41,100.54. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.30% of the stock is currently owned by corporate insiders.

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.

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

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