Athena Global Investors Lowers stake in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Athena Global Investors reduced its stake in Whole Foods Market by 18.83% during the most recent quarter end. The investment management company now holds a total of 39,533 shares of Whole Foods Market which is valued at $1,266,242 after selling 9,168 shares in Whole Foods Market , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.Whole Foods Market makes up approximately 3.08% of Athena Global Investors’s portfolio.

Other Hedge Funds, Including , Credit Agricole S A boosted its stake in WFM in the latest quarter, The investment management firm added 141,049 additional shares and now holds a total of 331,901 shares of Whole Foods Market which is valued at $9,983,582. Whole Foods Market makes up approx 0.03% of Credit Agricole S A’s portfolio.Sandy Spring Bank boosted its stake in WFM in the latest quarter, The investment management firm added 40,555 additional shares and now holds a total of 68,901 shares of Whole Foods Market which is valued at $1,993,995. Whole Foods Market makes up approx 0.22% of Sandy Spring Bank’s portfolio. Hl Financial Services added WFM to its portfolio by purchasing 22,265 company shares during the most recent quarter which is valued at $636,556. Whole Foods Market makes up approx 0.02% of Hl Financial Services’s portfolio.

Whole Foods Market opened for trading at $30.94 and hit $31.365 on the upside on Monday, eventually ending the session at $30.96, with a gain of 0.06% or 0.02 points. The heightened volatility saw the trading volume jump to 33,29,115 shares. Company has a market cap of $9,855 M.

On the company’s financial health, Whole Foods Market reported $0.28 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on Nov 2, 2016. Analyst had a consensus of $0.24. The company had revenue of $3497.00 million for the quarter, compared to analysts expectations of $3509.25 million. The company’s revenue was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.24 EPS.

Many Wall Street Analysts have commented on Whole Foods Market. Whole Foods Market was Downgraded by BofA/Merrill to ” Underperform” on Nov 4, 2016.

Whole Foods Market Inc. (Whole Foods Market) is a retailer of natural and organic foods and grocer. The Company has one operating segment natural and organic foods supermarkets. As of September 29 2013 Whole Foods Market operated 362 stores in the United States Canada and the United Kingdom. The Company’s offices are supported by its headquarters regional offices distribution centers bakehouse facilities commissary kitchens seafood-processing facilities meat and produce procurement centers and a specialty coffee and tea procurement and roasting operation. The Company’s product selection includes grocery meat seafood bakery prepared foods and catering coffee tea beer wine cheese nutritional supplements vitamins body care and lifestyle products including books pet products and household products. The Company’s 365 and 365 Organic Everyday Day Value brands account for approximately half of its brand items.

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