Federated Hermes Inc. Sells 299,115 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Federated Hermes Inc. lowered its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 77.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 87,747 shares of the company's stock after selling 299,115 shares during the quarter. Federated Hermes Inc. owned about 0.15% of United Natural Foods worth $1,149,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in United Natural Foods by 4.4% during the first quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company's stock valued at $87,175,000 after purchasing an additional 321,020 shares in the last quarter. Private Management Group Inc. raised its holdings in shares of United Natural Foods by 49.5% during the 2nd quarter. Private Management Group Inc. now owns 1,773,670 shares of the company's stock worth $23,235,000 after buying an additional 587,163 shares in the last quarter. American Century Companies Inc. increased its holdings in United Natural Foods by 23.1% in the 2nd quarter. American Century Companies Inc. now owns 1,267,280 shares of the company's stock worth $16,601,000 after purchasing an additional 237,496 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in United Natural Foods by 18.3% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company's stock valued at $12,102,000 after purchasing an additional 115,308 shares during the last quarter. Finally, Bragg Financial Advisors Inc boosted its stake in shares of United Natural Foods by 0.8% during the fourth quarter. Bragg Financial Advisors Inc now owns 407,728 shares of the company's stock valued at $6,617,000 after purchasing an additional 3,391 shares in the last quarter. Institutional investors own 87.63% of the company's stock.

United Natural Foods Trading Up 3.0 %

NYSE:UNFI traded up $0.48 on Friday, reaching $16.28. 1,877,171 shares of the stock traded hands, compared to its average volume of 652,936. The company has a current ratio of 1.51, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $19.93. The company's 50 day moving average is $14.38 and its 200-day moving average is $12.51. The firm has a market capitalization of $968.17 million, a price-to-earnings ratio of -6.76 and a beta of 0.64.

Analysts Set New Price Targets

UNFI has been the subject of several recent research reports. UBS Group upped their price objective on United Natural Foods from $14.00 to $16.00 and gave the company a "neutral" rating in a research note on Thursday, June 6th. Roth Mkm raised their price target on shares of United Natural Foods from $13.00 to $14.00 and gave the company a "neutral" rating in a research note on Thursday, June 6th. Finally, StockNews.com upgraded shares of United Natural Foods from a "sell" rating to a "hold" rating in a report on Thursday, June 13th. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $13.60.

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.