Diversified Trust Co lessened its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 34.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 51,085 shares of the company's stock after selling 27,322 shares during the quarter. Diversified Trust Co owned approximately 0.09% of United Natural Foods worth $1,395,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. State Street Corp grew its stake in shares of United Natural Foods by 1.5% during the 3rd quarter. State Street Corp now owns 2,383,733 shares of the company's stock valued at $40,094,000 after acquiring an additional 34,522 shares during the period. Pekin Hardy Strauss Inc. bought a new position in shares of United Natural Foods in the third quarter worth approximately $595,000. Renaissance Technologies LLC increased its stake in shares of United Natural Foods by 86.6% in the second quarter. Renaissance Technologies LLC now owns 264,176 shares of the company's stock worth $3,461,000 after purchasing an additional 122,626 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of United Natural Foods by 352.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company's stock valued at $1,820,000 after purchasing an additional 84,257 shares during the period. Finally, Aristeia Capital L.L.C. purchased a new position in shares of United Natural Foods during the 2nd quarter valued at $661,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of United Natural Foods stock in a transaction on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total transaction of $200,005.00. Following the completion of the transaction, the insider now directly owns 88,218 shares of the company's stock, valued at $1,949,617.80. The trade was a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.10% of the stock is currently owned by insiders.
United Natural Foods Price Performance
Shares of UNFI traded up $0.21 during mid-day trading on Thursday, hitting $28.86. 457,146 shares of the stock were exchanged, compared to its average volume of 647,009. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.52 and a current ratio of 1.48. The company has a market cap of $1.73 billion, a PE ratio of -18.38 and a beta of 0.63. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $32.20. The firm has a 50-day moving average of $25.04 and a two-hundred day moving average of $18.98.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.02) by $0.18. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $7.90 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. United Natural Foods's revenue was up 4.6% on a year-over-year basis. On average, equities analysts predict that United Natural Foods, Inc. will post 0.72 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities research analysts have issued reports on the company. Roth Mkm increased their price target on United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research note on Thursday, December 12th. BMO Capital Markets increased their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a research report on Wednesday, December 11th. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the company a "neutral" rating in a report on Monday, October 7th. Finally, UBS Group upped 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 research analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, United Natural Foods currently has an average rating of "Hold" and an average target price of $22.60.
Read Our Latest Stock Analysis on UNFI
United Natural Foods Company Profile
(
Free Report)
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.
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