Price T Rowe Associates Inc. MD Reduces Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Price T Rowe Associates Inc. MD trimmed its position in United Natural Foods, Inc. (NYSE:UNFI) by 41.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 44,407 shares of the company’s stock after selling 31,202 shares during the quarter. Price T Rowe Associates Inc. MD owned 0.08% of United Natural Foods worth $1,642,000 at the end of the most recent reporting period.

Several other hedge funds have also recently modified their holdings of UNFI. The Manufacturers Life Insurance Company lifted its holdings in shares of United Natural Foods by 1,425.5% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 475,138 shares of the company’s stock worth $17,571,000 after buying an additional 443,991 shares during the period. Mackenzie Financial Corp lifted its holdings in shares of United Natural Foods by 33.2% in the 2nd quarter. Mackenzie Financial Corp now owns 1,688,234 shares of the company’s stock worth $62,431,000 after buying an additional 420,440 shares during the period. Caas Capital Management LP lifted its holdings in shares of United Natural Foods by 113.4% in the 2nd quarter. Caas Capital Management LP now owns 23,528 shares of the company’s stock worth $870,000 after buying an additional 198,760 shares during the period. Vanguard Group Inc. lifted its holdings in shares of United Natural Foods by 1.8% in the 2nd quarter. Vanguard Group Inc. now owns 6,333,153 shares of the company’s stock worth $234,200,000 after buying an additional 111,479 shares during the period. Finally, State Street Corp lifted its holdings in shares of United Natural Foods by 6.1% in the 2nd quarter. State Street Corp now owns 1,939,897 shares of the company’s stock worth $71,737,000 after buying an additional 110,796 shares during the period. Institutional investors and hedge funds own 84.31% of the company’s stock.

In other news, Director Ann Torre Bates sold 30,000 shares of the company’s stock in a transaction dated Thursday, September 30th. The stock was sold at an average price of $48.53, for a total value of $1,455,900.00. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Michael C. Stigers sold 35,157 shares of the company’s stock in a transaction dated Friday, October 1st. The stock was sold at an average price of $48.04, for a total value of $1,688,942.28. The disclosure for this sale can be found here. Insiders sold 132,073 shares of company stock worth $6,251,629 over the last three months. Corporate insiders own 2.00% of the company’s stock.

Shares of NYSE:UNFI opened at $50.60 on Thursday. The company’s 50-day simple moving average is $44.60. United Natural Foods, Inc. has a 1 year low of $14.55 and a 1 year high of $52.99. The firm has a market cap of $2.86 billion, a price-to-earnings ratio of 20.49 and a beta of 0.99. The company has a quick ratio of 0.52, a current ratio of 1.43 and a debt-to-equity ratio of 1.46.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Monday, September 27th. The company reported $1.18 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.80 by $0.38. United Natural Foods had a return on equity of 17.76% and a net margin of 0.56%. The company had revenue of $6.74 billion for the quarter, compared to analyst estimates of $6.84 billion. During the same period in the prior year, the company posted $1.06 EPS. The firm’s quarterly revenue was down .3% compared to the same quarter last year. On average, equities analysts predict that United Natural Foods, Inc. will post 4.08 earnings per share for the current fiscal year.

Several equities research analysts have weighed in on UNFI shares. BMO Capital Markets upped their target price on United Natural Foods from $36.00 to $50.00 and gave the stock a “market perform” rating in a report on Thursday, September 30th. Wells Fargo & Company boosted their price target on United Natural Foods from $24.00 to $30.00 and gave the stock an “underweight” rating in a research report on Tuesday, September 28th. MKM Partners initiated coverage on United Natural Foods in a research report on Wednesday, September 29th. They issued a “buy” rating and a $59.00 price target for the company. Northcoast Research boosted their price target on United Natural Foods from $42.00 to $58.00 and gave the stock a “buy” rating in a research report on Tuesday, October 5th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on United Natural Foods from $35.00 to $48.00 and gave the stock a “hold” rating in a research report on Tuesday, October 5th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $41.33.

United Natural Foods Company Profile

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada.

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Institutional Ownership by Quarter for United Natural Foods (NYSE:UNFI)

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