Principal Financial Group Inc. lessened its stake in shares of United Natural Foods Inc (NYSE:UNFI) by 1.0% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 401,013 shares of the company’s stock after selling 4,050 shares during the period. Principal Financial Group Inc. owned about 0.75% of United Natural Foods worth $7,302,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Private Advisor Group LLC bought a new stake in shares of United Natural Foods during the second quarter valued at approximately $25,000. US Bancorp DE raised its stake in shares of United Natural Foods by 35.3% during the second quarter. US Bancorp DE now owns 1,885 shares of the company’s stock valued at $34,000 after acquiring an additional 492 shares in the last quarter. Ameritas Investment Company LLC bought a new stake in shares of United Natural Foods during the first quarter valued at approximately $37,000. Patriot Financial Group Insurance Agency LLC bought a new position in United Natural Foods in the second quarter worth approximately $81,000. Finally, Mutual of America Capital Management LLC raised its stake in United Natural Foods by 90.3% in the second quarter. Mutual of America Capital Management LLC now owns 4,473 shares of the company’s stock worth $81,000 after buying an additional 2,122 shares in the last quarter. 82.47% of the stock is owned by hedge funds and other institutional investors.
A number of brokerages recently commented on UNFI. Barclays boosted their price objective on shares of United Natural Foods from $12.00 to $17.00 and gave the stock an “equal weight” rating in a research note on Thursday, June 11th. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $25.00 price objective for the company in a research note on Wednesday, September 23rd. TheStreet raised shares of United Natural Foods from a “d+” rating to a “c-” rating in a research note on Wednesday, June 10th. MKM Partners began coverage on shares of United Natural Foods in a research note on Wednesday, July 29th. They issued a “buy” rating and a $26.00 price objective for the company. Finally, Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “strong-buy” rating and set a $21.00 price objective for the company in a research note on Friday, September 25th. Two analysts have rated the stock with a sell rating, eight have given a hold rating, three have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $18.40.
Shares of UNFI stock opened at $14.87 on Thursday. The business’s fifty day simple moving average is $18.39 and its 200-day simple moving average is $16.19. The company has a market cap of $797.30 million, a PE ratio of -2.55 and a beta of 1.43. The company has a current ratio of 1.50, a quick ratio of 0.69 and a debt-to-equity ratio of 2.30. United Natural Foods Inc has a 12-month low of $5.00 and a 12-month high of $23.38.
United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Monday, September 28th. The company reported $1.06 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.72 by $0.34. The business had revenue of $6.75 billion for the quarter, compared to the consensus estimate of $6.62 billion. United Natural Foods had a positive return on equity of 9.88% and a negative net margin of 1.22%. The business’s quarterly revenue was up .3% on a year-over-year basis. During the same period in the prior year, the firm posted $0.44 earnings per share. On average, equities analysts forecast that United Natural Foods Inc will post 2.4 earnings per share for the current year.
United Natural Foods Company Profile
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
Want to see what other hedge funds are holding UNFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Natural Foods Inc (NYSE:UNFI).
Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.