US Bancorp DE Lowers Position in United Natural Foods, Inc. (NYSE:UNFI)

US Bancorp DE lessened its position in United Natural Foods, Inc. (NYSE:UNFI) by 50.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,081 shares of the company’s stock after selling 5,197 shares during the quarter. US Bancorp DE’s holdings in United Natural Foods were worth $85,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Van ECK Associates Corp raised its position in shares of United Natural Foods by 12.2% during the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock worth $86,000 after acquiring an additional 716 shares in the last quarter. Creative Planning raised its holdings in United Natural Foods by 7.6% during the third quarter. Creative Planning now owns 13,506 shares of the company’s stock worth $227,000 after purchasing an additional 953 shares during the last quarter. Keynote Financial Services LLC grew its stake in United Natural Foods by 6.6% in the 2nd quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock valued at $229,000 after acquiring an additional 1,091 shares during the last quarter. SummerHaven Investment Management LLC lifted its stake in United Natural Foods by 3.6% in the 2nd quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock valued at $488,000 after buying an additional 1,303 shares in the last quarter. Finally, Diversified Trust Co raised its stake in United Natural Foods by 1.4% in the 2nd quarter. Diversified Trust Co now owns 94,859 shares of the company’s stock valued at $1,243,000 after purchasing an additional 1,322 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insider Activity

In other United Natural Foods news, insider Danielle Benedict sold 9,050 shares of the firm’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 transaction, the insider now directly owns 88,218 shares in the company, valued at $1,949,617.80. This trade represents a 9.30 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.10% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a report on Friday, October 11th. BMO Capital Markets boosted their price target on United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a research note on Wednesday, October 2nd. The Goldman Sachs Group increased their price target on shares of United Natural Foods from $15.00 to $22.00 and gave the stock a “neutral” rating in a research report on Monday, October 7th. Finally, UBS Group boosted their price objective on shares of United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $18.40.

United Natural Foods Trading Up 1.0 %

Shares of UNFI stock opened at $21.66 on Friday. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $23.15. The stock has a market capitalization of $1.30 billion, a P/E ratio of -11.46 and a beta of 0.62. The stock has a 50-day simple moving average of $19.13 and a 200 day simple moving average of $15.14. The company has a quick ratio of 0.52, a current ratio of 1.44 and a debt-to-equity ratio of 1.28.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analyst estimates of $7.94 billion. During the same quarter in the previous year, the business earned ($0.25) earnings per share. The firm’s revenue was up 10.0% compared to the same quarter last year. On average, sell-side analysts expect that United Natural Foods, Inc. will post 0.64 earnings per share for the current fiscal year.

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.