Canada Pension Plan Investment Board lifted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 894.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 56,700 shares of the company's stock after buying an additional 51,000 shares during the period. Canada Pension Plan Investment Board owned about 0.09% of United Natural Foods worth $1,548,000 at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Versant Capital Management Inc grew its holdings in United Natural Foods by 66.5% during the fourth quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after acquiring an additional 372 shares during the period. Hazlett Burt & Watson Inc. acquired a new position in shares of United Natural Foods during the 4th quarter worth $27,000. Harvest Fund Management Co. Ltd acquired a new position in shares of United Natural Foods during the 4th quarter worth $37,000. Sterling Capital Management LLC lifted its stake in shares of United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock valued at $51,000 after purchasing an additional 1,672 shares during the period. Finally, GAMMA Investing LLC lifted its stake in shares of United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock valued at $55,000 after purchasing an additional 639 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.
United Natural Foods Price Performance
United Natural Foods stock traded up $0.41 during midday trading on Friday, reaching $26.19. 493,576 shares of the company were exchanged, compared to its average volume of 704,484. The firm's 50-day simple moving average is $26.94 and its 200-day simple moving average is $26.17. United Natural Foods, Inc. has a 1 year low of $8.90 and a 1 year high of $34.76. The company has a market capitalization of $1.59 billion, a price-to-earnings ratio of -16.68 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48.
United Natural Foods (NYSE:UNFI - Get Free Report) last released its earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping the consensus estimate 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 analysts' expectations of $7.96 billion. During the same period in the previous year, the company earned $0.07 EPS. United Natural Foods's revenue for the quarter was up 4.9% on a year-over-year basis. On average, analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current year.
Analysts Set New Price Targets
A number of research analysts have issued reports on the stock. Wells Fargo & Company increased their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a report on Friday, January 10th. StockNews.com raised United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. The Goldman Sachs Group boosted their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a research report on Thursday, February 13th. Finally, CL King upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target for the company in a research report on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, United Natural Foods has an average rating of "Hold" and an average target price of $27.50.
Read Our Latest Research Report on United Natural Foods
United Natural Foods Profile
(
Free Report)
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.
Further Reading
Before you consider United Natural Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and United Natural Foods wasn't on the list.
While United Natural Foods currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
