United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Amalgamated Bank

Amalgamated Bank lowered its position in United Natural Foods, Inc. (NYSE:UNFI) by 2.8% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 17,677 shares of the company’s stock after selling 514 shares during the quarter. Amalgamated Bank’s holdings in United Natural Foods were worth $297,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the company. Ballentine Partners LLC increased its holdings in shares of United Natural Foods by 18.6% in the 3rd quarter. Ballentine Partners LLC now owns 15,008 shares of the company’s stock valued at $252,000 after acquiring an additional 2,350 shares during the period. nVerses Capital LLC grew its position in United Natural Foods by 85.7% during the 3rd quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock worth $66,000 after purchasing an additional 1,800 shares during the last quarter. Creative Planning increased its stake in United Natural Foods by 7.6% in the third quarter. Creative Planning now owns 13,506 shares of the company’s stock valued at $227,000 after purchasing an additional 953 shares during the period. SG Americas Securities LLC purchased a new stake in shares of United Natural Foods in the third quarter valued at about $548,000. Finally, Susquehanna Fundamental Investments LLC boosted its stake in shares of United Natural Foods by 12.8% during the second quarter. Susquehanna Fundamental Investments LLC now owns 162,402 shares of the company’s stock worth $2,127,000 after buying an additional 18,400 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UNFI. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research note on Friday, October 11th. The Goldman Sachs Group lifted their price objective on shares of United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. BMO Capital Markets boosted their price objective on shares of United Natural Foods from $14.00 to $23.00 and gave the company a “market perform” rating in a research note on Wednesday, October 2nd. 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 research note on Wednesday, October 2nd. One analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $18.40.

Insider Activity at United Natural Foods

In related news, insider Danielle Benedict sold 9,050 shares of the business’s stock in a transaction dated Thursday, October 17th. The shares were sold at an average price of $22.10, for a total value of $200,005.00. Following the sale, the insider now directly owns 88,218 shares in the company, valued at $1,949,617.80. The trade was a 9.30 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 2.10% of the stock is currently owned by company insiders.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $21.66 on Monday. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.52 and a current ratio of 1.44. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $23.15. The firm has a market capitalization of $1.30 billion, a P/E ratio of -11.46 and a beta of 0.62. The company’s fifty day moving average is $19.13 and its two-hundred day moving average is $15.18.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, October 1st. The company reported $0.01 EPS for the quarter, beating 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 firm had revenue of $8.16 billion during the quarter, compared to analysts’ expectations of $7.94 billion. During the same quarter last year, the business earned ($0.25) earnings per share. The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. Analysts forecast that United Natural Foods, Inc. will post 0.64 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.