Hsbc Holdings PLC Decreases Stake in United Natural Foods, Inc. (NYSE:UNFI)

Hsbc Holdings PLC decreased its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 10.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,120 shares of the company’s stock after selling 1,543 shares during the period. Hsbc Holdings PLC’s holdings in United Natural Foods were worth $172,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of UNFI. nVerses Capital LLC bought a new stake in shares of United Natural Foods during the 2nd quarter valued at $28,000. CWM LLC lifted its holdings in shares of United Natural Foods by 661.8% in the second quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after buying an additional 2,879 shares in the last quarter. Public Employees Retirement System of Ohio bought a new position in shares of United Natural Foods in the first quarter valued at approximately $38,000. Allspring Global Investments Holdings LLC grew its stake in United Natural Foods by 317.2% during the first quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock valued at $42,000 after acquiring an additional 2,763 shares in the last quarter. Finally, Fidelis Capital Partners LLC bought a new stake in United Natural Foods during the 1st quarter worth approximately $42,000. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Stock Up 3.5 %

Shares of NYSE UNFI opened at $19.76 on Friday. The firm has a fifty day simple moving average of $15.18 and a two-hundred day simple moving average of $12.94. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $23.15. The company has a current ratio of 1.44, a quick ratio of 0.55 and a debt-to-equity ratio of 1.28. The firm has a market capitalization of $1.18 billion, a PE ratio of -8.20 and a beta of 0.63.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, topping 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 last year, the business posted ($0.25) earnings per share. United Natural Foods’s quarterly revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that United Natural Foods, Inc. will post 0.56 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. The Goldman Sachs Group upgraded United Natural Foods from a “hold” rating to a “strong-buy” rating in a research report on Wednesday. BMO Capital Markets boosted their target price on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday. StockNews.com raised United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. Finally, UBS Group raised their target price on shares of United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $16.60.

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.