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.