Whole Foods Market, Inc. Plans Quarterly Dividend of $0.12 (WFM)
Whole Foods Market (NYSE:WFM) announced a quarterly dividend on Thursday, February 27th, AnalystRatings.Net reports. Stockholders of record on Friday, April 11th will be paid a dividend of 0.12 per share on Tuesday, April 22nd. This represents a $0.48 annualized dividend and a dividend yield of 0.90%. The ex-dividend date is Wednesday, April 9th.
WFM has been the subject of a number of recent research reports. Analysts at Oppenheimer initiated coverage on shares of Whole Foods Market in a research note on Thursday, February 20th. They set an “outperform” rating and a $63.00 price target on the stock. On the ratings front, analysts at Zacks reiterated a “neutral” rating on shares of Whole Foods Market in a research note on Monday, February 17th. They now have a $55.00 price target on the stock. Finally, analysts at Barclays cut their price target on shares of Whole Foods Market from $54.00 to $50.00 in a research note on Thursday, February 13th. They now have an “equal weight” rating on the stock. Eight equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $62.90.
Whole Foods Market (NYSE:WFM) traded up 0.26% on Thursday, hitting $53.45. The stock had a trading volume of 3,073,454 shares. Whole Foods Market has a 52-week low of $40.695 and a 52-week high of $65.59. The stock’s 50-day moving average is $52.8 and its 200-day moving average is $56.55. The company has a market cap of $19.878 billion and a price-to-earnings ratio of 35.54.
Whole Foods Market (NYSE:WFM) last posted its quarterly earnings results on Tuesday, February 11th. The company reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.44 by $0.02. The company had revenue of $4.24 billion for the quarter, compared to the consensus estimate of $4.30 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 9.9% on a year-over-year basis. Analysts expect that Whole Foods Market will post $1.62 EPS for the current fiscal year.
In other Whole Foods Market news, CEO John P. Mackey unloaded 40,000 shares of the stock in a transaction dated Wednesday, February 26th. The shares were sold at an average price of $53.19, for a total transaction of $2,127,600.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Whole Foods Market, Inc (NYSE:WFM), is a retailer of natural and organic foods.
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