Robecosam AG Sells 147,969 Shares of Whole Foods Market, Inc. (WFM)
Robecosam AG trimmed its position in Whole Foods Market, Inc. (NASDAQ:WFM) by 72.3% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 56,681 shares of the company’s stock after selling 147,969 shares during the period. Robecosam AG’s holdings in Whole Foods Market were worth $2,385,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of WFM. BlackRock Inc. grew its stake in 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 purchasing an additional 25,404,982 shares during the period. OZ Management LP grew its stake in Whole Foods Market by 508.2% in the second quarter. OZ Management LP now owns 3,479,747 shares of the company’s stock worth $146,532,000 after purchasing an additional 2,907,647 shares during the period. Nuance Investments LLC purchased a new stake in Whole Foods Market in the second quarter worth $102,820,000. York Capital Management Global Advisors LLC purchased a new stake in Whole Foods Market in the second quarter worth $59,660,000. Finally, Renaissance Technologies LLC grew its stake in Whole Foods Market by 774.7% in the first quarter. Renaissance Technologies LLC now owns 1,588,848 shares of the company’s stock worth $47,221,000 after purchasing an additional 1,407,200 shares during the period. 79.18% of the stock is currently owned by institutional investors.
Whole Foods Market (NASDAQ:WFM) last posted its quarterly earnings results on Wednesday, July 26th. The company reported $0.36 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.33 by $0.03. The business 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 13.51% and a net margin of 2.85%. The company’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.37 EPS.
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Several brokerages recently weighed in on WFM. Vetr raised Whole Foods Market from a “strong sell” rating to a “hold” rating and set a $42.27 price target on the stock in a research note on Monday, June 19th. Tigress Financial cut Whole Foods Market from a “buy” rating to a “neutral” rating in a research note on Monday, August 7th. BidaskClub raised Whole Foods Market from a “sell” rating to a “hold” rating in a research note on Friday, August 11th. Wells Fargo & Company cut Whole Foods Market from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $45.00 to $42.00 in a research note on Tuesday, July 11th. Finally, Barclays PLC reaffirmed an “equal weight” rating on shares of Whole Foods Market in a research note on Thursday, August 24th. Four investment analysts have rated the stock with a sell rating, nineteen have given a hold rating and three have given a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus target price of $37.76.
Whole Foods Market 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.
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