Sustainable Growth Advisers LP decreased its position in shares of Whole Foods Market, Inc. (NASDAQ:WFM) by 74.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,686,647 shares of the company’s stock after selling 4,797,045 shares during the period. Sustainable Growth Advisers LP owned about 0.53% of Whole Foods Market worth $71,025,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. 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 valued at $775,680,000 after buying an additional 25,404,982 shares during the last quarter. OZ Management LP increased its stake in shares of Whole Foods Market by 508.2% in the second quarter. OZ Management LP now owns 3,479,747 shares of the company’s stock valued at $146,532,000 after buying an additional 2,907,647 shares during the last quarter. Nuance Investments LLC acquired a new stake in shares of Whole Foods Market during the second quarter valued at $102,820,000. 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 valued at $232,559,000 after buying an additional 1,770,000 shares during the last quarter. Finally, Renaissance Technologies LLC increased its stake in shares of Whole Foods Market by 774.7% in the first quarter. Renaissance Technologies LLC now owns 1,588,848 shares of the company’s stock valued at $47,221,000 after buying an additional 1,407,200 shares during the last quarter. Institutional investors and hedge funds own 79.18% of the company’s stock.

Shares of Whole Foods Market, Inc. (NASDAQ:WFM) remained flat at $41.99 on Friday. 760,065 shares of the company’s stock traded hands. Whole Foods Market, Inc. has a 12-month low of $27.67 and a 12-month high of $43.84. The stock has a market cap of $13.45 billion, a P/E ratio of 34.59 and a beta of 0.82. The company has a 50 day moving average of $41.82 and a 200 day moving average of $36.15.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings data on Wednesday, July 26th. The company reported $0.36 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.33 by $0.03. Whole Foods Market had a return on equity of 13.51% and a net margin of 2.85%. The business had revenue of $3.73 billion for the quarter, compared to the consensus estimate of $3.72 billion. During the same quarter last year, the business posted $0.37 EPS. The firm’s revenue was up .6% compared to the same quarter last year. On average, analysts predict that Whole Foods Market, Inc. will post $1.33 EPS for the current year.

Whole Foods Market announced that its board has initiated a stock buyback plan on Wednesday, May 10th that permits the company to repurchase $1.25 billion in outstanding shares. This repurchase authorization permits the company to reacquire up to 10.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board of directors believes its stock is undervalued.

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Several analysts have weighed in on WFM shares. Wells Fargo & Company reaffirmed a “hold” rating on shares of Whole Foods Market in a research note on Wednesday, July 26th. Deutsche Bank AG reaffirmed a “hold” rating and set a $38.00 target price (up previously from $28.00) on shares of Whole Foods Market in a research note on Thursday, May 11th. UBS AG raised Whole Foods Market from a “sell” rating to a “neutral” rating and set a $42.00 target price on the stock in a research note on Monday, July 10th. Barclays PLC raised Whole Foods Market from an “equal weight” rating to an “overweight” rating and lifted their target price for the company from $38.00 to $48.00 in a research note on Friday, June 16th. Finally, Gordon Haskett downgraded Whole Foods Market from a “buy” rating to a “hold” rating and set a $42.00 target price on the stock. in a research note on Monday, June 26th. Four analysts have rated the stock with a sell rating, twenty have assigned a hold rating and three have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average 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.

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

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