Whole Foods Market, Inc. (NASDAQ:WFM) saw some unusual options trading activity on Friday. Investors purchased 80,013 call options on the stock. This represents an increase of approximately 1,397% compared to the typical daily volume of 5,345 call options.

A number of brokerages have weighed in on WFM. Vetr cut shares of Whole Foods Market to a “sell” rating in a report on Tuesday. Oppenheimer Holdings, Inc. restated an “outperform” rating and issued a $45.00 price objective on shares of Whole Foods Market in a report on Tuesday. SunTrust Banks, Inc. cut shares of Whole Foods Market from a “buy” rating to a “hold” rating and upped their price objective for the stock from $40.00 to $42.00 in a report on Tuesday. Pivotal Research upgraded shares of Whole Foods Market from a “sell” rating to a “hold” rating and upped their price objective for the stock from $27.00 to $42.00 in a report on Monday. Finally, BMO Capital Markets upgraded shares of Whole Foods Market from an “underperform” rating to a “market perform” rating and upped their price objective for the stock from $30.00 to $42.00 in a report on Saturday. Four research analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and eight have issued a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $36.87.

In related news, insider Laura A. Derba sold 2,200 shares of the business’s stock in a transaction dated Tuesday, May 16th. The shares were sold at an average price of $36.48, for a total transaction of $80,256.00. Following the transaction, the insider now owns 3,418 shares in the company, valued at $124,688.64. The sale 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 shares were sold at an average price of $36.34, for a total transaction of $52,002.54. Following the transaction, the insider now owns 1,131 shares in the company, valued at approximately $41,100.54. The disclosure for this sale can be found here. Insiders have sold 18,466 shares of company stock worth $543,688 in the last quarter. 1.30% of the stock is owned by corporate insiders.

A number of large investors have recently modified their holdings of the company. Advisory Services Network LLC bought a new stake in shares of Whole Foods Market during the first quarter valued at approximately $105,000. Westside Investment Management Inc. raised its stake in Whole Foods Market by 406.4% in the first quarter. Westside Investment Management Inc. now owns 4,137 shares of the company’s stock worth $125,000 after buying an additional 3,320 shares during the last quarter. Pacad Investment Ltd. acquired a new stake in Whole Foods Market during the fourth quarter worth about $163,000. Pacer Advisors Inc. raised its stake in Whole Foods Market by 3.4% in the first quarter. Pacer Advisors Inc. now owns 6,212 shares of the company’s stock worth $185,000 after buying an additional 207 shares during the last quarter. Finally, Cadence Capital Management LLC acquired a new stake in Whole Foods Market during the fourth quarter worth about $203,000. 91.41% of the stock is owned by institutional investors.

Whole Foods Market (NASDAQ:WFM) opened at 42.78 on Wednesday. The stock has a market capitalization of $13.67 billion, a PE ratio of 34.06 and a beta of 0.88. The company’s 50-day moving average is $36.34 and its 200 day moving average is $32.50. Whole Foods Market has a 1-year low of $27.67 and a 1-year high of $43.64.

Whole Foods Market (NASDAQ:WFM) last issued its quarterly earnings results on Wednesday, May 10th. The company reported $0.37 EPS for the quarter, hitting the consensus estimate of $0.37. The company had revenue of $3.74 million during the quarter, compared to analyst estimates of $3.73 billion. Whole Foods Market had a net margin of 2.54% and a return on equity of 13.72%. The firm’s revenue was down 99.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.44 EPS. Equities analysts predict that Whole Foods Market will post $1.31 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 11th. Investors of record on Friday, June 30th will be issued a $0.18 dividend. This represents a $0.72 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend is Wednesday, June 28th. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s payout ratio is presently 44.44%.

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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.

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