Longfellow Investment Management Co. LLC bought a new position in Whole Foods Market, Inc. (NASDAQ:WFM) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 166,100 shares of the company’s stock, valued at approximately $6,994,000. Whole Foods Market accounts for about 2.0% of Longfellow Investment Management Co. LLC’s investment portfolio, making the stock its 19th largest position. Longfellow Investment Management Co. LLC owned approximately 0.05% of Whole Foods Market as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of WFM. Cleararc Capital Inc. boosted its stake in shares of Whole Foods Market by 0.5% in the first quarter. Cleararc Capital Inc. now owns 7,792 shares of the company’s stock worth $232,000 after buying an additional 35 shares during the period. Gateway Investment Advisers LLC boosted its stake in shares of Whole Foods Market by 0.3% in the second quarter. Gateway Investment Advisers LLC now owns 20,207 shares of the company’s stock worth $851,000 after buying an additional 64 shares during the period. CAPROCK Group Inc. boosted its stake in shares of Whole Foods Market by 1.7% in the first quarter. CAPROCK Group Inc. now owns 8,300 shares of the company’s stock worth $247,000 after buying an additional 136 shares during the period. Sheets Smith Wealth Management boosted its stake in shares of Whole Foods Market by 2.3% in the first quarter. Sheets Smith Wealth Management now owns 7,578 shares of the company’s stock worth $225,000 after buying an additional 172 shares during the period. Finally, Advantus Capital Management Inc boosted its stake in shares of Whole Foods Market by 0.6% in the first quarter. Advantus Capital Management Inc now owns 31,917 shares of the company’s stock worth $949,000 after buying an additional 196 shares during the period. 89.32% of the stock is currently owned by institutional investors.

Whole Foods Market, Inc. (NASDAQ:WFM) traded up 0.1308% during trading on Tuesday, hitting $41.7245. 1,897,339 shares of the stock traded hands. The stock has a market cap of $13.33 billion, a P/E ratio of 33.2201 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 firm’s 50-day moving average is $40.01 and its 200 day moving average is $34.10.

Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings data on Wednesday, May 10th. The company reported $0.37 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.37. The firm had revenue of $3.74 million during the quarter, compared to analysts’ expectations of $3.73 billion. Whole Foods Market had a return on equity of 13.72% and a net margin of 2.54%. The company’s quarterly revenue was down 99.9% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. Equities research analysts forecast that Whole Foods Market, Inc. will post $1.30 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th were issued a dividend of $0.18 per share. This is a boost from Whole Foods Market’s previous quarterly dividend of $0.14. This represents a $0.72 annualized dividend and a yield of 1.73%. The ex-dividend date was Wednesday, June 28th. Whole Foods Market’s payout ratio is currently 57.14%.

Whole Foods Market declared that its board has initiated a stock buyback program on Wednesday, May 10th that authorizes the company to buyback $1.25 billion in shares. This buyback authorization authorizes the company to purchase up to 10.8% of its stock through open market purchases. Stock buyback programs are generally a sign that the company’s management believes its shares are undervalued.

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A number of analysts have weighed in on the stock. UBS AG reissued a “sell” rating and set a $25.00 target price on shares of Whole Foods Market in a report on Friday, April 14th. Royal Bank Of Canada increased their target price on shares of Whole Foods Market from $35.00 to $42.00 and gave the stock an “outperform” rating in a report on Thursday, April 27th. BMO Capital Markets raised shares of Whole Foods Market from an “underperform” rating to a “market perform” rating and increased their target price for the stock from $30.00 to $42.00 in a report on Saturday, June 17th. Telsey Advisory Group increased their target price on shares of Whole Foods Market from $28.00 to $31.00 and gave the stock a “market perform” rating in a report on Thursday, May 11th. Finally, Jefferies Group LLC reissued a “hold” rating and set a $42.00 target price (up from $39.00) on shares of Whole Foods Market in a report on Friday, June 23rd. Three equities research analysts have rated the stock with a sell rating, twenty-two have issued a hold rating and five have assigned a buy rating to the company. Whole Foods Market presently has an average rating of “Hold” and an average price target of $37.42.

In other news, insider Juan Nunez sold 14,502 shares of the business’s stock in a transaction dated Thursday, May 18th. The stock was sold at an average price of $27.52, for a total transaction of $399,095.04. Following the completion of the transaction, the insider now directly owns 5,746 shares in the company, valued at approximately $158,129.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Angela Lorenzen sold 1,431 shares of the business’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $36.34, for a total value of $52,002.54. Following the transaction, the insider now owns 1,131 shares of the company’s stock, valued at $41,100.54. The disclosure for this sale can be found here. Insiders have sold a total of 18,466 shares of company stock valued at $543,688 over the last three months. Company 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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