Is Whole Foods Market, Inc. (NASDAQ:WFM) a splendid investment now? Investors who are in the know are taking a bullish view. The number of bullish hedge fund bets went up by 4 lately.
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With all of this in mind, it’s important to take a glance at the recent action surrounding Whole Foods Market, Inc. (NASDAQ:WFM).
What does the smart money think about Whole Foods Market, Inc. (NASDAQ:WFM)?
Heading into Q2, a total of 39 of the hedge funds we track were bullish in this stock, a change of 11% from the first quarter.
As aggregate interest increased, some big names were breaking ground themselves. Tiger Consumer Management, managed by Patrick McCormack, initiated the biggest position in Whole Foods Market, Inc. (NASDAQ:WFM). Tiger Consumer Management had 71.5 million invested in the company at the end of the quarter. Robert Pohly’s Samlyn Capital also initiated a $66.9 million position during the quarter. The other funds with new positions in the stock are Tony Chedraoui’s Tyrus Capital, Malcolm Fairbairn’s Ascend Capital, and SAC Subsidiary’s CR Intrinsic Investors.
What do corporate executives and insiders think about Whole Foods Market, Inc. (NASDAQ:WFM)?
Bullish insider trading is at its handiest when the company in focus has experienced transactions within the past six months. Over the latest 180-day time period, Whole Foods Market, Inc. (NASDAQ:WFM) has seen 1 unique insiders purchasing, and 24 insider sales (see the details of insider trades here).
Let’s check out hedge fund and insider activity in other stocks similar to Whole Foods Market, Inc. (NASDAQ:WFM). These stocks are Casey’s General Stores, Inc. (NASDAQ:CASY), Delhaize Group (ADR) (NYSE:DEG), Safeway Inc. (NYSE:SWY), Companhia Brasileira de Distrib. (ADR) (NYSE:CBD), and The Kroger Co. (NYSE:KR). This group of stocks are in the grocery stores industry and their market caps match WFM’s market cap.
| Company Name | # of Hedge Funds | # of Insiders Buying | # of Insiders Selling |
| Casey’s General Stores, Inc. (NASDAQ:CASY) | 11 | 0 | 3 |
| Delhaize Group (ADR) (NYSE:DEG) | 6 | 0 | 0 |
| Safeway Inc. (NYSE:SWY) | 28 | 0 | 2 |
| Companhia Brasileira de Distrib. (ADR) (NYSE:CBD) | 14 | 0 | 0 |
| The Kroger Co. (NYSE:KR) | 23 | 0 | 14 |
With the results demonstrated by the aforementioned research, everyday investors should always monitor hedge fund and insider trading activity, and Whole Foods Market, Inc. (NASDAQ:WFM) is no exception.
