United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lessened its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 77.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,747 shares of the company’s stock after selling 299,115 shares during the period. Federated Hermes Inc. owned approximately 0.15% of United Natural Foods worth $1,149,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also modified their holdings of the company. Private Management Group Inc. lifted its position in United Natural Foods by 49.5% in the second quarter. Private Management Group Inc. now owns 1,773,670 shares of the company’s stock valued at $23,235,000 after buying an additional 587,163 shares during the last quarter. Vanguard Group Inc. lifted its holdings in shares of United Natural Foods by 4.4% in the 1st quarter. Vanguard Group Inc. now owns 7,587,059 shares of the company’s stock worth $87,175,000 after acquiring an additional 321,020 shares during the last quarter. American Century Companies Inc. boosted its position in shares of United Natural Foods by 23.1% during the 2nd 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 during the period. Jacobs Levy Equity Management Inc. acquired a new stake in United Natural Foods in the 1st quarter valued at approximately $2,317,000. Finally, Susquehanna Fundamental Investments LLC acquired a new position in United Natural Foods during the first quarter worth $1,655,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $16.28 on Friday. The stock’s 50-day moving average is $14.38 and its two-hundred day moving average is $12.51. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.51 and a quick ratio of 0.55. The company has a market cap of $968.17 million, a price-to-earnings ratio of -6.76 and a beta of 0.64. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $19.93.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the company. UBS Group boosted their price objective on United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. StockNews.com raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Thursday, June 13th. Finally, Roth Mkm lifted their price objective on shares of United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a report on Thursday, June 6th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $13.60.

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.