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It May Take More Than A New Activist Stake To Power Whole Foods' Turnaround
Wednesday, April 12, 2017 - 1:55pm | 329Shares of Whole Foods Market, Inc. (NASDAQ: WFM) soared earlier this week after notable activist investor Jana Partners and a small group of partners disclosed an 8.3 percent stake in the organic grocer. Many investors assumed Jana's stake would pressure Whole Foods' management team to...
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New York Replaces Kellogg School Breakfasts With Organic Startup Brand
Friday, March 3, 2017 - 11:23am | 361The ongoing trend toward healthy and organic food over processed food from the national brands gained further momentum this week after New York City public schools made a big change. According to The New York Times, the New York City public school system quietly replaced Kellogg Company (NYSE: K)'s...
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The Good, The Bad And The Outlook For Whole Foods
Thursday, November 3, 2016 - 11:04am | 371Shares of Whole Foods Market, Inc. (NASDAQ: WFM) were trading higher by more than 3 percent after the company reported its fourth-quarter results. According to Kelly Bania of BMO Capital Markets, Whole Foods' earnings report contained both encouraging and discouraging signs, which resulted in the...
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PepsiCo Jumps Onboard The Natural-Ingredient Train With Organic Gatorade
Tuesday, August 30, 2016 - 4:03pm | 359PepsiCo, Inc. (NYSE: PEP) is set to introduce a new version of its sports drink, Gatorade, which will be certified organic by the U.S. Department of Agriculture (USDA). According to Bloomberg, Pepsi's new product will come in strawberry, lemon and mixed berry flavors and be available in several...
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5 Stocks To Watch Following WhiteWave Foods' $12.5 Billion Acquisition
Thursday, July 7, 2016 - 7:21am | 333France-based Danone announced on Thursday it will acquire WhiteWave Foods Co (NYSE: WWAV) for $56.25 per share in a deal that values the U.S. organic food producer at $12.5 billion including debt. Danone, best known for its Activia and Actimel yogurt brands, paid a premium of 24 percent over...
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CNBC's Jane Wells Offers A Glimpse At Whole Foods' New 'Big Gamble' Concept
Wednesday, May 25, 2016 - 12:15pm | 336Whole Foods Market, Inc. (NASDAQ: WFM)'s much anticipated new store concept called "365" was unveiled Wednesday. The company's co-CEO Walter Robb was interviewed by CNBC's Jane Wells, who described the new initiative as being a "big gamble" for the company. Wells noted that the new 365 stores are...
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United Natural Foods Announces Acquisition Of An Organic Food Producer
Friday, April 1, 2016 - 8:37am | 197United Natural Foods, Inc. (NASDAQ: UNFI), a distributor of natural, organic and specialty foods, announced on Thursday that it has agreed to acquire Nor-Cal Produce, a family-owned distributor of organic produce and other fresh products in Northern California. United Natural Foods will pay...
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Vetr Crowd Upgrades Whole Foods To Strong Buy
Tuesday, November 24, 2015 - 12:51pm | 339Shares of Whole Foods Market, Inc. (NASDAQ: WFM) have lost more than 40 percent year-to-date. The Vetr crowd upgraded Whole Foods Market to Strong Buy as 88 percent of the crowd's ratings are bullish. The Vetr crowd has a cumulative, crowd sourced price target of $33.30 –...
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Pinnacle Foods To Purchase Boulder Brands
Tuesday, November 24, 2015 - 8:57am | 428Shares of Boulder Brands Inc (NASDAQ: BDBD) gained more than 8 percent early Tuesday morning after the company has agreed to sell itself to Pinnacle Foods Inc (NYSE: PF) for $11 per share. Pinnacle said in a press release the acquisition will expand its presence in growing and complementary...
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Why Piper Jaffray Analysts Are Excited About United Natural Foods
Wednesday, September 16, 2015 - 1:16pm | 361Shares of United Natural Foods, Inc. (NASDAQ: UNFI) have lost nearly 20 percent year-to-date and 33 percent over the past six months. Sean Naughton of Piper Jaffray maintained an Overweight rating and $56 price target on the stock. Naughton noted favorable trends are expected to continue. Shares...
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Organic Food Goes Mainstream
Tuesday, September 1, 2015 - 9:11am | 385Consumer preferences have shifted significantly over the past few years as more and more people opt for all-natural, healthy food options. Healthy food used to make up just a small isle of little known brands in the supermarket, but the niche has made its way into popular culture and now even big...
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Morgan Stanley, Wedbush Both Downgrade Whole Foods Market
Thursday, July 30, 2015 - 9:30am | 422In a report published Thursday, Morgan Stanley analyst Vincent Sinisi downgraded shares of Whole Foods Market, Inc. (NASDAQ: WFM) to Equal-Weight from Overweight with a price target lowered to $38 from a previous $56 after the company's third-quarter results put in to question its medium-term...
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SunTrust's David Magee Still 'Comfortable' With Whole Foods Investment
Thursday, July 9, 2015 - 12:31pm | 312In a report published Thursday, SunTrust Robinson Humphrey analyst David Magee noted that recent checks in Boise, Idaho showed that organic grocer Whole Foods Market, Inc. (NASDAQ: WFM)'s pricing is for the most part on par with competitors, but its organic produce pricing is "curiously high." "In...
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Canaccord Slashes United Natural Foods Price Target, But Still Says To Buy
Tuesday, June 9, 2015 - 12:25pm | 298In a report published Tuesday, Canaccord Genuity analyst Scott Van Winkle maintained a Buy rating on shares of United Natural Foods, Inc. (NASDAQ: UNFI) with a price target slashed to $71 from a previous $85 due to the "increasingly competitive" retail environment that is further challenging growth...
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Cowen: 'Not A Whole Lotta Love' In Whole Foods' Earnings Print
Thursday, May 7, 2015 - 12:31pm | 312In a report published Thursday, Cowen And Company analyst Jerry Gray maintained a cautious tone on Whole Foods Market, Inc. (NASDAQ: WFM) as a "significant" deceleration in store traffic resulted in sales to fall short of expectations in its second quarter. Whole Foods reported an earnings per...