United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Everence Capital Management Inc.

Everence Capital Management Inc. decreased its stake in United Natural Foods, Inc. (NYSE:UNFI) by 47.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 10,430 shares of the company’s stock after selling 9,380 shares during the quarter. Everence Capital Management Inc.’s holdings in United Natural Foods were worth $285,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. State Street Corp boosted its holdings in United Natural Foods by 1.5% in the 3rd 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 during the last quarter. Geode Capital Management LLC boosted its stake in shares of United Natural Foods by 1.1% in the third 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 last quarter. American Century Companies Inc. increased its position in shares of United Natural Foods by 23.1% during the second quarter. American Century Companies Inc. now owns 1,267,280 shares of the company’s stock worth $16,601,000 after purchasing an additional 237,496 shares in the last quarter. Hauser Brothers GmbH raised its stake in United Natural Foods by 0.6% in the 3rd quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock valued at $15,340,000 after purchasing an additional 5,000 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in United Natural Foods by 86.6% in the 2nd quarter. Renaissance Technologies LLC now owns 264,176 shares of the company’s stock valued at $3,461,000 after purchasing an additional 122,626 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Trading Up 1.9 %

Shares of UNFI stock opened at $28.64 on Wednesday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.52. The firm has a market cap of $1.72 billion, a PE ratio of -18.24 and a beta of 0.63. The company has a 50-day moving average of $24.71 and a two-hundred day moving average of $18.84. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $32.20.

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

Insider Buying and Selling at United Natural Foods

In other 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 completion of the transaction, the insider now owns 88,218 shares of the company’s stock, valued at approximately $1,949,617.80. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

UNFI has been the subject of a number of recent research reports. Northcoast Research upgraded shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. The Goldman Sachs Group raised their target price on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research note on Monday, October 7th. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a research report on Thursday, December 12th. BMO Capital Markets lifted their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. Finally, Roth Mkm upped their target price on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, United Natural Foods currently has an average rating of “Hold” and a consensus target price of $22.60.

About United Natural Foods

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.