Miller Value Partners LLC lowered its stake in United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 82.8% during the fourth quarter, Holdings Channel reports. The institutional investor owned 12,625 shares of the company’s stock after selling 60,820 shares during the period. Miller Value Partners LLC’s holdings in United Natural Foods were worth $425,000 as of its most recent filing with the SEC.
A number of other institutional investors and hedge funds have also bought and sold shares of UNFI. Cullen Frost Bankers Inc. acquired a new position in United Natural Foods in the 4th quarter valued at about $26,000. Quarry LP acquired a new position in United Natural Foods in the 3rd quarter valued at about $29,000. Larson Financial Group LLC grew its stake in United Natural Foods by 4,266.7% in the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock valued at $30,000 after buying an additional 768 shares during the last quarter. EverSource Wealth Advisors LLC grew its stake in United Natural Foods by 84.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock valued at $31,000 after buying an additional 609 shares during the last quarter. Finally, International Assets Investment Management LLC acquired a new position in United Natural Foods in the 4th quarter valued at about $31,000. Institutional investors and hedge funds own 87.63% of the company’s stock.
United Natural Foods Stock Performance
NYSE UNFI opened at $49.58 on Thursday. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $3.00 billion, a P/E ratio of -75.12 and a beta of 0.81. United Natural Foods, Inc. has a 12-month low of $21.27 and a 12-month high of $57.02. The firm has a 50-day moving average price of $49.75 and a two-hundred day moving average price of $41.71.
Analyst Upgrades and Downgrades
A number of research analysts recently commented on UNFI shares. The Goldman Sachs Group reiterated a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Wall Street Zen lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Monday, May 4th. Weiss Ratings reiterated a “sell (d-)” rating on shares of United Natural Foods in a research note on Wednesday, April 8th. Roth Mkm reiterated a “neutral” rating and issued a $43.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Finally, Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and upped their price target for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $46.38.
Read Our Latest Stock Report on United Natural Foods
Insider Transactions at United Natural Foods
In other United Natural Foods news, insider Danielle Benedict sold 4,807 shares of the business’s stock in a transaction dated Wednesday, May 6th. The shares were sold at an average price of $52.00, for a total value of $249,964.00. Following the completion of the sale, the insider owned 98,470 shares of the company’s stock, valued at $5,120,440. The trade was a 4.65% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is owned by corporate insiders.
United Natural Foods Profile
United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.
UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.
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