Thrivent Financial for Lutherans Sells 2,197 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Thrivent Financial for Lutherans lessened its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 4.3% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 49,444 shares of the company’s stock after selling 2,197 shares during the period. Thrivent Financial for Lutherans owned about 0.08% of United Natural Foods worth $648,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of UNFI. Private Management Group Inc. boosted its holdings 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 acquiring an additional 587,163 shares in the last quarter. Vanguard Group Inc. lifted its position 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 purchasing an additional 321,020 shares during the period. American Century Companies Inc. boosted its stake 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 valued at $16,601,000 after purchasing an additional 237,496 shares in the last quarter. Jacobs Levy Equity Management Inc. purchased a new position in shares of United Natural Foods during the first quarter valued at about $2,317,000. Finally, Susquehanna Fundamental Investments LLC bought a new position in United Natural Foods in the first quarter worth about $1,655,000. Institutional investors own 87.63% of the company’s stock.

Insider Transactions at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of United Natural Foods stock in a transaction on Friday, October 4th. The stock was sold at an average price of $19.78, for a total value of $299,706.56. Following the completion of the sale, the insider now owns 100,423 shares of the company’s stock, valued at approximately $1,986,366.94. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 2.10% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on the company. BMO Capital Markets lifted their price objective on United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research report on Wednesday, October 2nd. UBS Group lifted their price target on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. StockNews.com upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 13th. Finally, The Goldman Sachs Group boosted their target price on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a report on Monday. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $18.40.

United Natural Foods Stock Up 2.7 %

UNFI stock opened at $19.85 on Wednesday. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28. The business has a 50 day moving average of $15.35 and a 200 day moving average of $13.07. United Natural Foods, Inc. has a twelve month low of $8.58 and a twelve month high of $23.15. The firm has a market cap of $1.18 billion, a PE ratio of -8.24 and a beta of 0.63.

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, topping the consensus estimate of ($0.08) by $0.09. The firm had revenue of $8.16 billion during the quarter, compared to analyst estimates of $7.94 billion. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. United Natural Foods’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($0.25) EPS. On average, research analysts forecast that United Natural Foods, Inc. will post 0.65 EPS for the current fiscal year.

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.