Whole Foods Posts Earnings with Amazon Acquisition On Track; No Change to Our Outlook
We do not plan to significantly alter our $41 per share valuation for no-moat Whole Foods after the firm reported third-quarter earnings, with its pending acquisition by Amazon for $42 per share still on track. Our valuation is the discounted value of Amazon’s offer price as we anticipate the transaction will close without amendment or challenge from a rival suitor.Year to date, Whole Foods has posted 1.3% revenue growth on a 2.4% comparable-store sales decline, with a 7.6% EBITDA margin. Its t...
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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