Front Street Capital Management buys $11,723,012 stake in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Front Street Capital Management scooped up 3,660 additional shares in Whole Foods Market during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 366,001 shares of Whole Foods Market which is valued at $11,723,012.Whole Foods Market makes up approximately 5.32% of Front Street Capital Management’s portfolio.

Other Hedge Funds, Including , Allianz Asset Management Ag boosted its stake in WFM in the latest quarter, The investment management firm added 688 additional shares and now holds a total of 211,088 shares of Whole Foods Market which is valued at $6,761,149. Whole Foods Market makes up approx 0.01% of Allianz Asset Management Ag’s portfolio.Mitsubishi Ufj Trust Banking Corp boosted its stake in WFM in the latest quarter, The investment management firm added 7,707 additional shares and now holds a total of 668,531 shares of Whole Foods Market which is valued at $20,109,412. Whole Foods Market makes up approx 0.04% of Mitsubishi Ufj Trust Banking Corp’s portfolio. Mogy Joel R Investment Counsel Inc sold out all of its stake in WFM during the most recent quarter. The investment firm sold 52,183 shares of WFM which is valued $1,510,176.Victory Capital Management Inc boosted its stake in WFM in the latest quarter, The investment management firm added 1,338,802 additional shares and now holds a total of 2,803,770 shares of Whole Foods Market which is valued at $79,795,294. Whole Foods Market makes up approx 0.24% of Victory Capital Management Inc’s portfolio.State Of Alaska Department Of Revenue boosted its stake in WFM in the latest quarter, The investment management firm added 2,344 additional shares and now holds a total of 40,646 shares of Whole Foods Market which is valued at $1,162,069. Whole Foods Market makes up approx 0.12% of State Of Alaska Department Of Revenue’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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