Prudential Financial Inc. Sells 138,770 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Prudential Financial Inc. trimmed its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 9.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,268,662 shares of the company's stock after selling 138,770 shares during the quarter. Prudential Financial Inc. owned 2.12% of United Natural Foods worth $34,647,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of UNFI. American Century Companies Inc. raised its stake in shares of United Natural Foods by 28.1% in the fourth quarter. American Century Companies Inc. now owns 2,018,248 shares of the company's stock valued at $55,118,000 after acquiring an additional 442,574 shares during the last quarter. Advisors Preferred LLC bought a new position in United Natural Foods in the 4th quarter valued at $3,637,000. HighTower Advisors LLC acquired a new position in United Natural Foods in the fourth quarter worth $2,867,000. JPMorgan Chase & Co. grew its holdings in shares of United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company's stock worth $2,993,000 after purchasing an additional 96,341 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of United Natural Foods by 44.6% in the fourth quarter. Empowered Funds LLC now owns 281,713 shares of the company's stock valued at $7,694,000 after buying an additional 86,941 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Trading Down 1.1 %

Shares of United Natural Foods stock traded down $0.30 during trading on Friday, reaching $26.67. 588,837 shares of the company were exchanged, compared to its average volume of 704,721. The business has a 50-day moving average price of $29.26 and a 200-day moving average price of $25.10. The firm has a market capitalization of $1.61 billion, a price-to-earnings ratio of -16.99 and a beta of 0.56. 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, Inc. has a twelve month low of $8.58 and a twelve month high of $34.76.

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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. The firm had revenue of $8.16 billion during the quarter, compared to analysts' expectations of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business's revenue for the quarter was up 4.9% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.07 earnings per share. Sell-side analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UNFI has been the topic of several research reports. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research report on Wednesday, March 12th. Guggenheim reissued a "neutral" rating on shares of United Natural Foods in a research note on Thursday, December 12th. Roth Mkm boosted their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a "neutral" rating in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research report on Thursday, February 13th. Finally, BMO Capital Markets boosted 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. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus 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.