Whole Foods Co-Founder Sells 100,000 Shares (WFM)

It was reported that the co-Chief Executive and co-founder of Whole Foods Market, Inc. (WFM), John Mackey, sold 100,000 shares of the company’s stock earlier this month.

Mackey sold 100,000 shares for $8,659,065, averaging $86.59 per share. He now holds directly 714,258 share, less than 1% of total shares outstanding. Mackey also holds 50,711 shares indirectly through a trust and a 401(k) plan.

His last transaction, when he sold 4,900 shares for an average of $92.27 per share for a total of $452,100, occurred on August 2, 2012.

Whole Foods is trading near its 52-week low of $80.81. The stock’s 52 week high of $101.86 was reached on October 5. However, the stock has not performed well since due to weak sales by the company.

Whole Foods shares were up a fraction during pre-market trading on Tuesday. The stock is up +1.5% over the past year.

The Bottom Line
Shares of Whole Foods (WFM) have a dividend yield of 0.93% based on last night’s closing price of $86.43 and the company’s annualized dividend payout of 80 cents per share.

Whole Foods Market, Inc. (WFM) is not recommended at this time, holding a Dividend.com DARS™ Rating of 3.4 out of 5 stars.

Be sure to visit our complete recommended list of the Best Dividend Stocks, as well as a detailed explanation of our ratings system here.

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