Sand Hill Global Advisors adds Whole Foods Market (WFM) to its portfolio

Whole Foods Market (WFM) : Sand Hill Global Advisors added new position in Whole Foods Market during the most recent quarter end. The investment management firm now holds 119,088 shares of Whole Foods Market which is valued at $3,679,819 , the company said in a statement filed on Aug 11, 2016 with the SEC.Whole Foods Market makes up approximately 0.55% of Sand Hill Global Advisors’s portfolio.

Other Hedge Funds, Including , Canada Pension Plan Investment Board reduced its stake in WFM by selling 18,593 shares or 46.8% in the most recent quarter. The Hedge Fund company now holds 21,136 shares of WFM which is valued at $653,102.Cetera Advisor Networks reduced its stake in WFM by selling 1,056 shares or 12.37% in the most recent quarter. The Hedge Fund company now holds 7,480 shares of WFM which is valued at $231,132. Whole Foods Market makes up approx 0.01% of Cetera Advisor Networks’s portfolio.Cambridge Investment Research Advisors boosted its stake in WFM in the latest quarter, The investment management firm added 4,805 additional shares and now holds a total of 52,918 shares of Whole Foods Market which is valued at $1,603,415. Whole Foods Market makes up approx 0.03% of Cambridge Investment Research Advisors’s portfolio. David R. Rahn Associates added WFM to its portfolio by purchasing 45,592 company shares during the most recent quarter which is valued at $1,533,715. Whole Foods Market makes up approx 1.18% of David R. Rahn Associates’s portfolio.Ami Asset Management Corp reduced its stake in WFM by selling 22,489 shares or 4.56% in the most recent quarter. The Hedge Fund company now holds 470,718 shares of WFM which is valued at $15,872,611. Whole Foods Market makes up approx 1.06% of Ami Asset Management Corp’s portfolio.

Whole Foods Market closed down -0.45 points or -1.45% at $30.56 with 55,37,963 shares getting traded on Tuesday. Post opening the session at $31.19, the shares hit an intraday low of $30.52 and an intraday high of $31.35 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

On the company’s financial health, Whole Foods Market reported $0.37 EPS for the quarter, based on the information available during the earnings call on Jul 27, 2016. Analyst had a consensus estimate of $0.37. The company had revenue of $3703.00 million for the quarter, compared to analysts expectations of $3719.95 million. The company’s revenue was up 2.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.43 EPS.

Many Wall Street Analysts have commented on Whole Foods Market. Company shares were Reiterated by Deutsche Bank on Jul 28, 2016 to “Hold”, Firm has raised the Price Target to $ 32 from a previous price target of $28 .Whole Foods Market was Downgraded by Goldman to ” Sell” on Jul 26, 2016. Whole Foods Market was Upgraded by Macquarie to ” Outperform” on Jul 25, 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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