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Kenneth J. Meyer Sells 11,320 Shares of Whole Foods Market Stock (WFM)

Whole Foods Market (NYSE:WFM) EVP Kenneth J. Meyer sold 11,320 shares of the company’s stock in a transaction dated Monday, March 2nd. The stock was sold at an average price of $ 56.46, for a total transaction of $ 639,127.20. Following the completion of the sale, the executive vice president now directly owns 14,995 shares of the company’s stock, valued at approximately $ 846,617.70. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link.

Whole Foods Market (NYSE:WFM) opened at 55.53 on Wednesday. Whole Foods Market has a 52-week low of $ 36.08 and a 52-week high of $ 57.57. The stock has a 50-day moving average of $ 54.13 and a 200-day moving average of $ 45.65. The company has a market cap of $ 20.033 billion and a price-to-earnings ratio of 35.18.

Whole Foods Market (NYSE:WFM) last released its earnings data on Wednesday, February 11th. The company reported $ 0.46 earnings per share for the quarter, beating the analysts’ consensus estimate of $ 0.45 by $ 0.01. The company had revenue of $ 4.70 billion for the quarter, compared to the consensus estimate of $ 4.67 billion. During the same quarter last year, the company posted $ 0.42 earnings per share. Whole Foods Market’s revenue was up 10.2% compared to the same quarter last year. Analysts expect that Whole Foods Market will post $ 1.74 EPS for the current fiscal year.

WFM has been the subject of a number of recent research reports. Analysts at Deutsche Bank set a $ 54.00 price target on shares of Whole Foods Market and gave the company a “hold” rating in a research note on Monday. Analysts at Citigroup Inc. reiterated a “hold” rating and set a $ 61.00 price target (up previously from $ 51.00) on shares of Whole Foods Market in a research note on Monday. Analysts at Cantor Fitzgerald set a $ 33.00 price target on shares of Whole Foods Market and gave the company a “sell” rating in a research note on Monday. Finally, analysts at Oppenheimer reiterated an “outperform” rating and set a $ 65.00 price target (up previously from $ 62.00) on shares of Whole Foods Market in a research note on Wednesday, February 25th. Three investment analysts have rated the stock with a sell rating, fifteen have given a hold rating and nine have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $ 49.74.

Whole Foods Market, Inc (NYSE:WFM) 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.

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