Principal Financial Group Inc. Has $4.71 Million Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Principal Financial Group Inc. lowered its stake in shares of United Natural Foods, Inc. (NYSE:UNFI) by 4.4% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 280,270 shares of the company’s stock after selling 12,855 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of United Natural Foods worth $4,714,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Geode Capital Management LLC lifted its position in shares of United Natural Foods by 1.1% in the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock worth $22,852,000 after acquiring an additional 14,928 shares during the period. State Street Corp boosted its stake in United Natural Foods by 1.5% during the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after buying an additional 34,522 shares in the last quarter. Point72 Asset Management L.P. bought a new stake in United Natural Foods in the 3rd quarter valued at $364,000. Hauser Brothers GmbH lifted its holdings in shares of United Natural Foods by 0.6% during the 3rd quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock worth $15,340,000 after acquiring an additional 5,000 shares during the period. Finally, Point72 Hong Kong Ltd acquired a new stake in shares of United Natural Foods during the 3rd quarter valued at about $196,000. Institutional investors own 87.63% of the company’s stock.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of $22.10, for a total transaction of $200,005.00. Following the completion of the sale, the insider now directly owns 88,218 shares of the company’s stock, valued at approximately $1,949,617.80. The trade was a 9.30 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.10% of the company’s stock.

United Natural Foods Stock Performance

United Natural Foods stock opened at $27.59 on Friday. The stock has a 50-day simple moving average of $24.23 and a 200 day simple moving average of $18.45. The stock has a market capitalization of $1.65 billion, a price-to-earnings ratio of -17.57 and a beta of 0.64. The company has a quick ratio of 0.52, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $32.20.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.02) by $0.18. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company had revenue of $7.90 billion during the quarter, compared to the consensus estimate of $7.61 billion. During the same period in the previous year, the firm posted ($0.04) earnings per share. The company’s revenue was up 4.6% on a year-over-year basis. On average, research analysts anticipate that United Natural Foods, Inc. will post 0.72 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UNFI has been the topic of a number of recent research reports. Roth Mkm lifted their price objective on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. Guggenheim reiterated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. The Goldman Sachs Group increased their price objective on United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. Finally, UBS Group lifted their price target on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $22.60.

United Natural Foods 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.