Intech Investment Management LLC Acquires 10,199 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Intech Investment Management LLC increased its position in United Natural Foods, Inc. (NYSE:UNFI) by 47.7% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,591 shares of the company’s stock after purchasing an additional 10,199 shares during the quarter. Intech Investment Management LLC owned approximately 0.05% of United Natural Foods worth $531,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. nVerses Capital LLC acquired a new position in shares of United Natural Foods during the second quarter worth approximately $28,000. Public Employees Retirement System of Ohio acquired a new stake in shares of United Natural Foods in the first quarter valued at about $38,000. CWM LLC boosted its holdings in shares of United Natural Foods by 661.8% in the 2nd quarter. CWM LLC now owns 3,314 shares of the company’s stock valued at $43,000 after buying an additional 2,879 shares during the last quarter. Van ECK Associates Corp raised its holdings in shares of United Natural Foods by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after purchasing an additional 716 shares during the period. Finally, Canada Pension Plan Investment Board bought a new position in United Natural Foods during the second quarter worth $94,000. 87.63% of the stock is currently owned by institutional investors.

United Natural Foods Stock Performance

NYSE UNFI opened at $24.83 on Monday. The stock has a market capitalization of $1.49 billion, a PE ratio of -13.14 and a beta of 0.62. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52. The company’s 50 day simple moving average is $20.82 and its two-hundred day simple moving average is $16.12. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $25.23.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.08) by $0.09. United Natural Foods had a negative net margin of 0.36% and a positive return on equity of 0.54%. The business had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.94 billion. During the same period in the prior year, the business posted ($0.25) earnings per share. The company’s revenue was up 10.0% on a year-over-year basis. Analysts predict that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

Insider Activity

In related news, insider Danielle Benedict sold 9,050 shares of the firm’s stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the sale, the insider now owns 88,218 shares in the company, valued at approximately $1,949,617.80. This trade represents a 9.30 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 2.10% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have issued reports on UNFI. UBS Group increased their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. BMO Capital Markets raised their price objective on United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 2nd. Finally, The Goldman Sachs Group lifted their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research note on Monday, October 7th. One analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $18.40.

United Natural Foods Company Profile

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.