Amundi Grows Stake in United Natural Foods, Inc. (NYSE:UNFI)

Amundi increased its position in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 368.8% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 62,830 shares of the company's stock after acquiring an additional 49,427 shares during the period. Amundi owned about 0.10% of United Natural Foods worth $1,813,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Empowered Funds LLC grew its stake in shares of United Natural Foods by 5.4% in the third quarter. Empowered Funds LLC now owns 194,772 shares of the company's stock worth $3,276,000 after purchasing an additional 9,916 shares during the last quarter. Quest Partners LLC acquired a new position in shares of United Natural Foods in the third quarter worth approximately $157,000. Citizens Financial Group Inc. RI bought a new position in United Natural Foods during the 3rd quarter worth approximately $182,000. Intech Investment Management LLC boosted its stake in shares of United Natural Foods by 47.7% in the 3rd quarter. Intech Investment Management LLC now owns 31,591 shares of the company's stock valued at $531,000 after purchasing an additional 10,199 shares during the last quarter. Finally, Pekin Hardy Strauss Inc. acquired a new position in United Natural Foods in the third quarter valued at $595,000. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on UNFI shares. The Goldman Sachs Group increased 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. Roth Mkm raised 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. Guggenheim reiterated a "neutral" rating on shares of United Natural Foods in a research report on Thursday, December 12th. BMO Capital Markets lifted their price target on shares of United Natural Foods from $23.00 to $32.00 and gave the company a "market perform" rating in a research note on Wednesday, December 11th. Finally, CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company's stock. According to data from MarketBeat, United Natural Foods has a consensus rating of "Hold" and a consensus price target of $27.50.

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United Natural Foods Stock Up 0.3 %

NYSE:UNFI traded up $0.08 during trading hours on Friday, hitting $26.15. 1,612,943 shares of the company traded hands, compared to its average volume of 678,840. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The company has a market cap of $1.58 billion, a PE ratio of -16.65 and a beta of 0.56. The firm's 50-day simple moving average is $29.39 and its 200-day simple moving average is $24.48. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $8.16 billion for 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 firm's revenue for the quarter was up 4.9% compared to the same quarter last year. During the same period in the previous year, the company earned $0.07 earnings per share. Equities analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

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.