United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lessened its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 7.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 742,010 shares of the company's stock after selling 60,580 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.24% of United Natural Foods worth $12,481,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Intech Investment Management LLC boosted its holdings in United Natural Foods by 47.7% in the 3rd quarter. Intech Investment Management LLC now owns 31,591 shares of the company's stock valued at $531,000 after purchasing an additional 10,199 shares in the last quarter. Citizens Financial Group Inc. RI acquired a new stake in United Natural Foods in the third quarter valued at $182,000. Quest Partners LLC purchased a new stake in shares of United Natural Foods during the 3rd quarter worth $157,000. Empowered Funds LLC boosted its holdings in United Natural Foods by 5.4% during the third quarter. Empowered Funds LLC now owns 194,772 shares of the company's stock worth $3,276,000 after buying an additional 9,916 shares in the last quarter. Finally, Wolverine Asset Management LLC grew its position in United Natural Foods by 46.3% during the third quarter. Wolverine Asset Management LLC now owns 15,800 shares of the company's stock worth $266,000 after buying an additional 5,000 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Trading Up 2.5 %

Shares of NYSE:UNFI traded up $0.61 during trading on Monday, reaching $24.68. The stock had a trading volume of 1,169,741 shares, compared to its average volume of 680,135. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.52 and a current ratio of 1.44. The business has a fifty day moving average price of $21.62 and a 200-day moving average price of $16.62. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $25.48.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping analysts' consensus estimates of ($0.08) by $0.09. The company had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.25) EPS. As a group, analysts predict that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the business's stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $19.78, for a total transaction of $299,706.56. Following the completion of the sale, the insider now owns 100,423 shares of the company's stock, valued at approximately $1,986,366.94. The trade was a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 2.10% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

UNFI has been the subject of several research analyst reports. The Goldman Sachs Group raised their price objective on United Natural Foods from $15.00 to $22.00 and gave the company a "neutral" rating in a research note on Monday, October 7th. BMO Capital Markets boosted their price objective on shares of United Natural Foods from $14.00 to $23.00 and gave the stock a "market perform" rating in a research report on Wednesday, October 2nd. Northcoast Research raised shares of United Natural Foods from a "neutral" rating to a "buy" rating in a research note on Friday, October 11th. Finally, UBS Group lifted their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a "neutral" rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat.com, United Natural Foods presently has a consensus rating of "Hold" and a consensus price target of $18.40.

United Natural Foods Company Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.