Thursday, 22 June, 2017

Whole Foods Market (WFM) Earning Very Favorable Media Coverage, Analysis Finds

Whole Foods Market (WFM) Upgraded By Barclays from Equal-Weight, Ascend Capital Lifted Its Servicemaster Global Hldgs I (SERV) Holding Can Whole Foods Market, Inc. (WFM)'s Tomorrow Be Different? The Stock Increases Again
Nellie Chapman | 20 June, 2017, 02:06

Whole Foods Market, Inc. (NASDAQ:WFM) has "Neutral" rating given on Wednesday, July 29 by Longbow. Following the transaction, the insider now directly owns 3,418 shares of the company's stock, valued at $124,688.64. More interesting news about Whole Foods Market, Inc. AlphaOne also gave news coverage about the company an impact score of 7 out of 100, indicating that recent media coverage is extremely unlikely to have an effect on the company's share price in the near future. Coldstream Capital Management Inc. now owns 14,665 shares of the company's stock valued at $451,000 after buying an additional 5,448 shares during the last quarter. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/06/19/mackenzie-financial-corp-boosts-stake-in-whole-foods-market-inc-wfm.html.

In a research note revealed to clients on 16 June, equity research analysts at the equities research division of Barclays Capital raised their rating for shares of Whole Foods Market Inc (NDAQ:WFM) from a "Equal Weight" to a solid "Overweight". The stock spiked 18.42% last month and is up 38.75 this year. They expect $1.75 earnings per share, up 10.06% or $0.16 from last year's $1.59 per share.

Cambridge Investment Research Advisors Inc. reduced its position in Whole Foods Market, Inc. It traded in a range of $24.76 and $27.21, exchanging hands with 43.06M shares.

Inc said on Friday it would buy Whole Foods Market Inc for $13.7 billion, in an embrace of brick-and-mortar stores that could turn the high-end grocer into a mass-market merchant and upend the already struggling US retail industry. The firm has "Market Perform" rating by Telsey Advisory Group given on Thursday, May 11. The firm has a 50 day moving average of $35.95 and a 200 day moving average of $32.29. This is an increase from Whole Foods Market's previous quarterly dividend of $0.14. Active Investors often maintain a close study on trading capacity of WFM stock. The day's total volume of 14055426 this morning is in contrast from the three-month daily average of 7462.75K. The company reported $0.37 EPS for the quarter, hitting the Zacks' consensus estimate of $0.37. The company had revenue of $3.74 million during the quarter, compared to analysts' expectations of $3.73 billion. While the deal has far-reaching consequences for global retail industry, it comes as a savior for WFM, which has observed revenue declines for the past seven consecutive quarters.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, July 11th. Shareholders of record on Friday, June 30th will be issued a $0.18 dividend. The ex-dividend date will be Wednesday April 5th, 2017. This is a boost from Whole Foods Market's previous quarterly dividend of $0.14. The dividend yield will be $1.69. Equities analysts forecast that Whole Foods Market will post $1.31 EPS for the current fiscal year. "(WFM) Shares Bought by Geode Capital Management LLC" was published by Transcript Daily and is the property of of Transcript Daily. If you are viewing this story on another domain, it was illegally copied and reposted in violation of United States and worldwide copyright and trademark laws.

Brokerage analysts have provided guidance on WFM recently. The company was upgraded on Thursday, May 11 by Wells Fargo. The firm has "Sell" rating by Standpoint Research given on Tuesday, April 11. (NASDAQ:WFM) from a market perform rating to an outperform rating in a report released on Thursday, May 11th, MarketBeat reports. UBS initiated it with "Sell" rating and $25 target in Thursday, March 23 report. The consensus recommendation by Thomson Reuters analysts is Hold and their mean rating for the stock is 3.16 on scale of 1-5. The company has a consensus rating of Hold and a consensus price target of $34.30. The 20-day may be of analytical benefit to a shorter-term trader since it follows the price more closely, and therefore produces less "lag" than the longer-term moving average. Corporate insiders own 1.30% of the company's stock.