In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), Whole Foods Market Inc. (NASDAQ:WFM) reported that JANA Partners has picked up 26,074,830 of common stock as of 2017-05-30.
The acquisition brings the aggregate amount owned by JANA Partners to a total of 26,074,830 representing less than 8.2% stake in the company.
For those not familiar with the company, 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. It offers over 30,000 organic stock keeping units (SKUs), covering various areas of its store, including produce, packaged goods, bulk, frozen, dairy, meat, bakery, prepared foods, coffee, tea, beer, wine, cheese, nutritional supplements, vitamins, body care, pet foods and household goods. The Company’s brands include 365 Everyday Value, Allegro Coffee, Whole Foods Market, Whole Paws, and Engine 2 Plant-Strong. It also offers approximately 400 temporary exclusives.
A glance at Whole Foods Market Inc. (NASDAQ:WFM) key stats reveals a current market capitalization of 11.09 Billion based on 319.56 Million shares outstanding and a price at last close of $34.90 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-01-20, Elstrott picked up 350 at a purchase price of $28.36. This brings their total holding to 55,533 as of the date of the filing.
On the sell side, the most recent transaction saw Lorenzen unload 1,131 shares at a sale price of $36.35. This brings their total holding to 0.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on Whole Foods Market Inc. (NASDAQ:WFM) as things move forward to see if its progress aligns with these transactions.
Subscribe below and we’ll keep you on top of what’s happening before it moves markets.