Whole Foods Market, Inc. (NASDAQ:WFM) issued its quarterly earnings results on Wednesday. The company reported $0.36 earnings per share for the quarter, beating the consensus estimate of $0.33 by $0.03, Bloomberg Earnings reports. Whole Foods Market had a return on equity of 13.72% and a net margin of 2.54%. The company had revenue of $3.73 billion during the quarter, compared to analysts’ expectations of $3.72 billion. During the same quarter in the prior year, the firm posted $0.37 earnings per share. The business’s quarterly revenue was up .6% on a year-over-year basis.

Shares of Whole Foods Market (WFM) traded up 0.14% during mid-day trading on Wednesday, hitting $41.81. The company had a trading volume of 7,868,652 shares. The firm has a market capitalization of $13.36 billion, a PE ratio of 33.29 and a beta of 0.82. The firm has a 50-day moving average price of $40.01 and a 200-day moving average price of $34.10. Whole Foods Market has a 52 week low of $27.67 and a 52 week high of $43.84.

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 11th. Stockholders of record on Friday, June 30th were issued a $0.18 dividend. This represents a $0.72 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, June 28th. This is a positive change from Whole Foods Market’s previous quarterly dividend of $0.14. Whole Foods Market’s dividend payout ratio (DPR) is currently 57.14%.

In related news, insider Laura A. Derba sold 2,200 shares of the company’s stock in a transaction that occurred on Tuesday, May 16th. The stock was sold at an average price of $36.48, for a total value of $80,256.00. Following the transaction, the insider now directly owns 3,418 shares of the company’s stock, valued at approximately $124,688.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Juan Nunez sold 14,502 shares of the company’s stock in a transaction that occurred on Thursday, May 18th. The shares were sold at an average price of $27.52, for a total value of $399,095.04. Following the completion of the transaction, the insider now directly owns 5,746 shares in the company, valued at $158,129.92. The disclosure for this sale can be found here. Insiders sold a total of 18,466 shares of company stock worth $543,688 over the last ninety days. 1.30% of the stock is currently owned by insiders.

Institutional investors have recently added to or reduced their stakes in the stock. Raymond James Trust N.A. boosted its position in Whole Foods Market by 12.6% in the first quarter. Raymond James Trust N.A. now owns 7,414 shares of the company’s stock valued at $220,000 after buying an additional 831 shares during the period. Hefty Wealth Partners purchased a new position in Whole Foods Market during the first quarter valued at $929,000. Boltwood Capital Management boosted its position in Whole Foods Market by 11.3% in the first quarter. Boltwood Capital Management now owns 11,850 shares of the company’s stock valued at $352,000 after buying an additional 1,200 shares during the last quarter. Acropolis Investment Management LLC boosted its position in Whole Foods Market by 3.0% in the first quarter. Acropolis Investment Management LLC now owns 40,147 shares of the company’s stock valued at $1,193,000 after buying an additional 1,185 shares during the last quarter. Finally, Chevy Chase Trust Holdings Inc. boosted its position in Whole Foods Market by 3.3% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 276,132 shares of the company’s stock valued at $8,206,000 after buying an additional 8,796 shares during the last quarter. 89.32% of the stock is currently owned by institutional investors and hedge funds.

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WFM has been the topic of several research analyst reports. SunTrust Banks, Inc. restated a “buy” rating on shares of Whole Foods Market in a research report on Tuesday, April 11th. Credit Suisse Group restated a “buy” rating and set a $36.00 target price on shares of Whole Foods Market in a research report on Wednesday, April 5th. Vetr lowered Whole Foods Market from a “strong-buy” rating to a “buy” rating and set a $38.12 target price on the stock. in a research report on Monday, April 10th. Gordon Haskett initiated coverage on Whole Foods Market in a research report on Tuesday, May 9th. They set a “buy” rating and a $42.00 target price on the stock. Finally, BidaskClub upgraded Whole Foods Market from a “hold” rating to a “buy” rating in a research report on Tuesday, June 13th. Four research analysts have rated the stock with a sell rating, twenty-one have given a hold rating and four have issued a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $37.42.

Whole Foods Market announced that its Board of Directors has approved a share buyback plan on Wednesday, May 10th that allows the company to buyback $1.25 billion in shares. This buyback authorization allows the company to repurchase up to 10.8% of its shares through open market purchases. Shares buyback plans are typically a sign that the company’s management believes its stock is undervalued.

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.

Earnings History for Whole Foods Market (NASDAQ:WFM)

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