Northstar Group Lowers stake in Whole Foods Market (WFM)

Whole Foods Market (WFM) : Northstar Group reduced its stake in Whole Foods Market by 9.4% during the most recent quarter end. The investment management company now holds a total of 23,556 shares of Whole Foods Market which is valued at $754,499 after selling 2,445 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 0.54% of Northstar Group’s portfolio.

Other Hedge Funds, Including , Roundview Capital added WFM to its portfolio by purchasing 9,420 company shares during the most recent quarter which is valued at $301,723. Whole Foods Market makes up approx 0.10% of Roundview Capital’s portfolio.Nordea Investment Management Ab boosted its stake in WFM in the latest quarter, The investment management firm added 141,053 additional shares and now holds a total of 664,251 shares of Whole Foods Market which is valued at $18,937,796. Whole Foods Market makes up approx 0.05% of Nordea Investment Management Ab’s portfolio.Capital Investment Counsel Inc reduced its stake in WFM by selling 7,766 shares or 5.84% in the most recent quarter. The Hedge Fund company now holds 125,134 shares of WFM which is valued at $3,567,570. Whole Foods Market makes up approx 1.84% of Capital Investment Counsel Inc’s portfolio.Exane Derivatives boosted its stake in WFM in the latest quarter, The investment management firm added 323 additional shares and now holds a total of 11,117 shares of Whole Foods Market which is valued at $316,056. Whole Foods Market makes up approx 0.06% of Exane Derivatives’s portfolio.Everett Harris Co Ca reduced its stake in WFM by selling 17,205 shares or 3.01% in the most recent quarter. The Hedge Fund company now holds 553,689 shares of WFM which is valued at $15,741,378. Whole Foods Market makes up approx 0.57% of Everett Harris Co Ca’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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