Whole Foods Market, Inc. (WFM) Stock Support And Resistance Levels
- Author: Zachary Reyes Apr 14, 2017,
Apr 14, 2017, 14:57
Sustainable Growth Advisers LP now owns 5,462,214 shares of the company's stock valued at $154,854,000 after buying an additional 866,404 shares during the period. Stanley Laman Group Ltd. raised its position in Pinnacle Foods by 2.2% in the third quarter. Morgan Stanley now owns 4,662,898 shares of the company's stock valued at $132,192,000 after buying an additional 2,152,964 shares during the period. It invests in companies that own and/or operate infrastructure facilities in the infrastructure sector, and in a range of companies, principally in the industrials and materials sector that Voya Investment Management Co. The bigger the return, the more efficient management is in utilizing its asset base. The correct version of this report can be viewed at https://www.thecerbatgem.com/2017/04/14/pinnacle-foods-inc-forecasted-to-earn-q1-2017-earnings-of-0-46-per-share-pf.html.
In other Whole Foods Market news, CFO Glenda J. Flanagan sold 4,250 shares of the firm's stock in a transaction that occurred on Thursday, February 23rd. Forte Capital LLC ADV's holdings in Pinnacle Foods were worth $275,000 as of its most recent SEC filing. (WFM) in which UBS Initiates Coverage On Whole Foods Market, Inc. 33,147 shares of the company traded hands. Whole Foods Market has a one year low of $27.67 and a one year high of $35.58. Current price places the company's stock 13.32% away from its 200-day simple moving average, 13.94%, away from the 50-day average and also 13.97% away from 20-day average. Edward Kelly, an analyst with Credit Suisse, wrote in a report this week that he had hopes for the grocery chain, especially as news this week broke that Jana Partners, a group of activist investors, has built up an 8.8% stake in the company. Pinnacle Foods had a return on equity of 13.25% and a net margin of 6.76%. The company earned $858.48 million during the quarter, compared to the consensus estimate of $851.50 million. Jefferies Group analyst A. Jagdale expects that the company will post earnings of $0.46 per share for the quarter. The company's revenue was up 18.8% compared to the same quarter previous year. The company has a market capitalization of $7.00 billion, a price-to-earnings ratio of 33.08 and a beta of 0.30.
The firm also recently announced a quarterly dividend, which was paid on Friday, April 7th. Investors of record on Tuesday, February 21st were given a $0.285 dividend. This represents a $1.14 annualized dividend and a yield of 1.93%. The ex-dividend date is Wednesday, April 5th. Whole Foods Market's payout ratio is 40.29%.
Several research analysts have recently commented on PF shares. They issued a "buy" rating for the company. Royal Bank of Canada boosted their price target on shares of Pinnacle Foods from $58.00 to $64.00 and gave the company a positive rating in a research report on Friday, February 24th. Deutsche Bank AG started coverage on shares of Pinnacle Foods in a research note on Wednesday, February 15th. They set a market perform rating for the company. One analyst has rated the stock with a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company. (WFM). The consensus rating is 3.2, suggesting the market has given up on the stock.
In other news, insider Christina Minardi sold 2,061 shares of the business's stock in a transaction on Thursday, March 9th. (WFM) to Sell by settling a price target of $25 on 3/23/17.
Together, Jana and five individual investors with varying degrees of retail experience bought almost 28 million shares for about $720 million, according to a Securities and Exchange Commission filing.
Whole Foods Market, Inc.'s (WFM) witnessed a gain of 1.70% in recent trading period with closing price of $ 34.12. The shares were sold at an average price of $58.00, for a total transaction of $99,528.00. Following the transaction, the chief marketing officer now directly owns 12,919 shares of the company's stock, valued at approximately $752,531.75. Insiders sold 259,829 shares of company stock valued at $14,255,951 over the last quarter. Westpac Banking Corp now owns 9,425 shares of the company's stock valued at $473,000 after buying an additional 115 shares in the last quarter.
Among 24 analysts covering Whole Foods Market Inc (NASDAQ:WFM), 6 have Buy rating, 6 Sell and 12 Hold.