Shell Asset Management Co. Increases Stake in Whole Foods Market, Inc. (NASDAQ:WFM)

Shell Asset Management Co. lifted its holdings in Whole Foods Market, Inc. (NASDAQ:WFM) by 211.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 60,633 shares of the company’s stock after purchasing an additional 41,179 shares during the quarter. Shell Asset Management Co.’s holdings in Whole Foods Market were worth $2,311,000 as of its most recent filing with the SEC.

Other hedge funds have also recently made changes to their positions in the company. OZ Management LP lifted its holdings in shares of Whole Foods Market by 508.2% during the second quarter. OZ Management LP now owns 3,479,747 shares of the company’s stock valued at $146,532,000 after purchasing an additional 2,907,647 shares during the last quarter. Nuance Investments LLC purchased a new stake in shares of Whole Foods Market during the second quarter valued at $102,820,000. York Capital Management Global Advisors LLC purchased a new stake in shares of Whole Foods Market during the second quarter valued at $59,660,000. Quinn Opportunity Partners LLC lifted its holdings in shares of Whole Foods Market by 1,000.0% during the second quarter. Quinn Opportunity Partners LLC now owns 1,510,529 shares of the company’s stock valued at $63,608,000 after purchasing an additional 1,373,203 shares during the last quarter. Finally, CNH Partners LLC purchased a new stake in shares of Whole Foods Market during the second quarter valued at $53,962,000. 79.18% of the stock is owned by institutional investors and hedge funds.

WFM has been the subject of several analyst reports. Wells Fargo & Company reaffirmed a “hold” rating on shares of Whole Foods Market in a report on Wednesday, July 26th. Vetr raised Whole Foods Market from a “hold” rating to a “buy” rating and set a $46.16 price objective for the company in a research note on Friday, July 14th. Jefferies Group LLC reissued a “hold” rating on shares of Whole Foods Market in a research note on Thursday, August 31st. Pivotal Research reissued a “hold” rating on shares of Whole Foods Market in a research note on Tuesday, August 29th. Finally, Barclays PLC downgraded Whole Foods Market from an “overweight” rating to an “equal weight” rating and reduced their price objective for the stock from $48.00 to $42.00 in a research note on Wednesday, August 23rd. Three analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $38.43.

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Shares of Whole Foods Market, Inc. (NASDAQ WFM) traded up $0.01 during trading on Friday, hitting $42.00. The company had a trading volume of 760,065 shares, compared to its average volume of 6,545,410. The company has a quick ratio of 1.29, a current ratio of 1.65 and a debt-to-equity ratio of 0.30. Whole Foods Market, Inc. has a twelve month low of $27.67 and a twelve month high of $43.84.

About Whole Foods Market

Whole Foods Market, Inc is engaged in the business of natural and organic foods supermarket. The Company operates approximately 456 stores in the United States, Canada and the United Kingdom. Its stores have an average size of approximately 39,000 square feet, and are supported by its distribution centers, bake house facilities, commissary kitchens, seafood-processing facilities, a produce procurement center, and a specialty coffee and tea procurement and roasting operation, among others.

Institutional Ownership by Quarter for Whole Foods Market (NASDAQ:WFM)

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