Invesco Ltd. Cuts Stake in United Natural Foods, Inc. (NYSE:UNFI)

Invesco Ltd. cut its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 22.1% in the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 2,255,886 shares of the company's stock after selling 638,907 shares during the period. Invesco Ltd. owned about 3.76% of United Natural Foods worth $61,608,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Versant Capital Management Inc boosted its holdings in United Natural Foods by 66.5% during the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company's stock valued at $25,000 after acquiring an additional 372 shares during the period. Hazlett Burt & Watson Inc. purchased a new position in United Natural Foods during the fourth quarter valued at $27,000. Harvest Fund Management Co. Ltd bought a new stake in United Natural Foods during the fourth quarter worth about $37,000. GAMMA Investing LLC grew its stake in shares of United Natural Foods by 46.0% in the 4th quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after buying an additional 639 shares during the last quarter. Finally, Smartleaf Asset Management LLC increased 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 valued at $65,000 after buying an additional 1,557 shares in the last quarter. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

NYSE:UNFI traded up $0.40 on Friday, hitting $24.63. The stock had a trading volume of 698,951 shares, compared to its average volume of 707,550. The business's 50-day simple moving average is $27.85 and its two-hundred day simple moving average is $25.91. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of -15.69 and a beta of 1.08. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $34.76. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 firm had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the previous year, the firm posted $0.07 EPS. The company's revenue for the quarter was up 4.9% compared to the same quarter last year. As a group, research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Wall Street Analyst Weigh In

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

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.