Russell Investments Group Ltd. Sells 39,962 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Russell Investments Group Ltd. lowered its stake in United Natural Foods, Inc. (NYSE:UNFIFree Report) by 75.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 13,082 shares of the company’s stock after selling 39,962 shares during the quarter. Russell Investments Group Ltd.’s holdings in United Natural Foods were worth $213,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of UNFI. Federated Hermes Inc. lifted its stake in United Natural Foods by 2,136.5% in the fourth quarter. Federated Hermes Inc. now owns 657,320 shares of the company’s stock valued at $10,668,000 after buying an additional 627,930 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of United Natural Foods by 3.9% in the third quarter. Vanguard Group Inc. now owns 7,434,767 shares of the company’s stock worth $105,128,000 after purchasing an additional 277,636 shares in the last quarter. Invesco Ltd. lifted its position in shares of United Natural Foods by 10.9% in the third quarter. Invesco Ltd. now owns 2,040,105 shares of the company’s stock worth $28,847,000 after purchasing an additional 199,757 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in shares of United Natural Foods by 728.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 179,783 shares of the company’s stock worth $2,542,000 after purchasing an additional 158,082 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC lifted its position in shares of United Natural Foods by 632.5% in the third quarter. Schonfeld Strategic Advisors LLC now owns 161,879 shares of the company’s stock worth $2,289,000 after purchasing an additional 139,779 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Performance

NYSE UNFI opened at $12.25 on Thursday. The company has a current ratio of 1.53, a quick ratio of 0.54 and a debt-to-equity ratio of 1.29. The firm’s fifty day moving average price is $10.42 and its two-hundred day moving average price is $13.63. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $28.07. The firm has a market capitalization of $728.14 million, a P/E ratio of -6.28 and a beta of 0.63.

United Natural Foods (NYSE:UNFIGet Free Report) last released its quarterly earnings data on Wednesday, March 6th. The company reported $0.07 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.09. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The firm had revenue of $7.78 billion for the quarter, compared to the consensus estimate of $7.87 billion. During the same period in the previous year, the company earned $0.78 earnings per share. The company’s quarterly revenue was down .5% on a year-over-year basis. As a group, research analysts anticipate that United Natural Foods, Inc. will post -0.01 EPS for the current year.

Insider Buying and Selling at United Natural Foods

In related news, CAO Richard Eric Esper sold 4,375 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $11.35, for a total value of $49,656.25. Following the transaction, the chief accounting officer now directly owns 32,865 shares in the company, valued at $373,017.75. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Roth Mkm reissued a “neutral” rating and issued a $13.00 price objective (down previously from $15.00) on shares of United Natural Foods in a research report on Thursday, March 7th. Wells Fargo & Company cut their price objective on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating on the stock in a research report on Thursday, March 7th. Finally, StockNews.com lowered shares of United Natural Foods from a “hold” rating to a “sell” rating in a research report on Thursday, March 14th. Two analysts have rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, United Natural Foods has an average rating of “Hold” and an average target price of $13.40.

Read Our Latest Report on United Natural Foods

United Natural Foods Company 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.

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

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