Federated Hermes Inc. Has $1.79 Million Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Federated Hermes Inc. decreased its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 29.1% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 65,382 shares of the company's stock after selling 26,833 shares during the quarter. Federated Hermes Inc. owned 0.11% of United Natural Foods worth $1,786,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Versant Capital Management Inc boosted its position in shares of United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after buying an additional 372 shares during the period. Hazlett Burt & Watson Inc. acquired a new stake in shares of United Natural Foods in the fourth quarter valued at approximately $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods in the fourth quarter worth $37,000. GAMMA Investing LLC grew its position in United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after purchasing an additional 639 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in United Natural Foods by 186.7% during the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock worth $65,000 after buying an additional 1,557 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

UNFI traded up $0.40 during trading on Friday, hitting $24.63. The stock had a trading volume of 698,951 shares, compared to its average volume of 707,550. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a market cap of $1.49 billion, a price-to-earnings ratio of -15.69 and a beta of 1.08. The company has a 50 day moving average price of $27.85 and a 200-day moving average price of $25.91.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $7.96 billion. During the same quarter in the previous year, the company earned $0.07 EPS. The business's revenue was up 4.9% on a year-over-year basis. As a group, research analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. StockNews.com upgraded United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday. Wells Fargo & Company increased their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research note on Friday, January 10th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group lifted their price target on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $27.50.

About United Natural Foods

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.