KLP Kapitalforvaltning AS Acquires New Holdings in United Natural Foods, Inc. (NYSE:UNFI)

KLP Kapitalforvaltning AS bought a new position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,500 shares of the company's stock, valued at approximately $341,000.

A number of other institutional investors have also recently modified their holdings of UNFI. Versant Capital Management Inc raised its stake in shares of United Natural Foods by 66.5% in the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after purchasing an additional 372 shares during the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods during the 4th quarter valued at $37,000. GAMMA Investing LLC boosted its position in shares of United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after acquiring an additional 639 shares during the last quarter. Smartleaf Asset Management LLC increased its holdings in shares of United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock worth $65,000 after purchasing an additional 1,557 shares during the last quarter. Finally, Blue Trust Inc. lifted its position in shares of United Natural Foods by 200.2% in the fourth quarter. Blue Trust Inc. now owns 3,191 shares of the company's stock worth $87,000 after buying an additional 2,128 shares in the last quarter. 87.63% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

UNFI has been the subject of several research analyst reports. Guggenheim restated a "neutral" rating on shares of United Natural Foods in a report on Thursday, December 12th. Wells Fargo & Company boosted their price objective 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. Roth Mkm raised their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a "neutral" rating in a research note on Thursday, December 12th. BMO Capital Markets lifted their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a "market perform" rating in a report on Wednesday, December 11th. Finally, StockNews.com upgraded United Natural Foods from a "hold" rating to a "buy" rating in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $27.50.

United Natural Foods Trading Down 5.5 %

Shares of NYSE UNFI traded down $1.38 during midday trading on Thursday, hitting $23.80. The company's stock had a trading volume of 898,670 shares, compared to its average volume of 713,893. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $34.76. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The firm has a market cap of $1.44 billion, a P/E ratio of -15.16 and a beta of 1.08. The business's 50 day moving average is $28.46 and its two-hundred day moving average is $25.70.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business's revenue was up 4.9% compared to the same quarter last year. During the same quarter last year, the firm posted $0.07 earnings per share. As a group, equities research analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current year.

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.