03/30/2015 – Kraft Foods Group, Inc. had its “sell” rating reiterated by analysts at Citigroup. “Through our improved cost structure and expense disciplines, we delivered strong EBITDA in a challenging sales environment”, said John Mackey, co-founder and co-chief executive officer of Whole Foods Market. However, 5 analysts recommended “HOLD RATING” for the company. They issued a “market perform” rating and a $29.50 target price on the stock. The stock closed down 0.82 points or 2.39% at $33.49 with 6,321,455 shares getting traded. It had reported earnings per share of $1.61 in the corresponding quarter of the previous year. (NASDAQ:WFM)stock is now trading at about $30.92 and lots of rating firms seem to have a target price set on the stock.
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Whole Foods Market (NASDAQ:WFM) last announced its quarterly earnings results on Wednesday, May 4th. Among these analysts 1 suggested “STRONG BUY RATING” and 3 analysts provided “BUY RATING”.
On the other hand the company has Relative Strength Index (RSI 14) of 38.84 along with Average True Range (ATR 14) of 0.83, where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock’s price movement. Credit Suisse upped their price target on Whole Foods Market from $27.00 to $32.00 and gave the stock a “neutral” rating in a research note on Monday, March 14th. Whole Foods Market has a 52-week low of $28.07 and a 52-week high of $41.97. Shareholders of record on Friday, July 1st will be given a $0.135 dividend. The stock was sold at an average price of $33.43, for a total transaction of $25,072.50. Its Director SIEGEL MORRIS J sold 6,190 company shares for $200000.06, in a transaction on 2016-05-25. Following the completion of the transaction, the director now directly owns 35,364 shares of the company’s stock, valued at $1,182,218.52. (NASDAQ:WFM), according to U.S. Securities and Exchange Commission (SEC) filings. The shares were sold at an average price of $32.32, for a total value of $200,060.80.
Other large investors recently added to or reduced their stakes in the company. Analysts are projecting the lower share price forecast of $20 and some analysts are predicting that the stock have a tendency of top estimate of $40. Macnealy Hoover Investment Management Inc. increased its stake in shares of Whole Foods Market by 1.5% in the first quarter. The stock’s institutional ownership stands at 85.10%.
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Analysts await Whole Foods Market, Inc. As of January 28, 2016, the company had approximately 434 stores in the United States, Canada, and the United Kingdom. “Created to complement our Whole Foods Market stores, our new 365 format will offer our same industry-leading standards and dedication to food transparency in a streamlined format designed around affordability and convenience and supported by enhanced digital experiences”, said Walter Robb, co-chief executive officer of Whole Foods Market.
