Fmr LLC Sells 504 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Fmr LLC reduced its position in United Natural Foods, Inc. (NYSE:UNFI) by 6.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,325 shares of the company’s stock after selling 504 shares during the quarter. Fmr LLC’s holdings in United Natural Foods were worth $123,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in UNFI. nVerses Capital LLC purchased a new stake in shares of United Natural Foods in the second quarter worth approximately $28,000. Van ECK Associates Corp grew its position in United Natural Foods by 12.2% in the 2nd quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after acquiring an additional 716 shares during the last quarter. Canada Pension Plan Investment Board purchased a new stake in United Natural Foods in the second quarter worth $94,000. Innealta Capital LLC bought a new stake in shares of United Natural Foods during the second quarter worth $97,000. Finally, Quest Partners LLC purchased a new stake in shares of United Natural Foods during the third quarter valued at $157,000. Institutional investors own 87.63% of the company’s stock.

Analysts Set New Price Targets

UNFI has been the topic of a number of research analyst reports. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. BMO Capital Markets raised their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. The Goldman Sachs Group lifted their target price on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. Roth Mkm increased their price target on United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research report on Thursday, December 12th. Finally, UBS Group lifted their price objective on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and one has given a buy rating to the stock. According to MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and an average target price of $22.60.

United Natural Foods Trading Down 1.3 %

UNFI opened at $25.88 on Monday. United Natural Foods, Inc. has a 12 month low of $8.58 and a 12 month high of $32.20. The stock has a fifty day moving average price of $23.14 and a 200-day moving average price of $17.67. The firm has a market cap of $1.55 billion, a price-to-earnings ratio of -16.48 and a beta of 0.64. The company has a current ratio of 1.48, a quick ratio of 0.52 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, December 10th. The company reported $0.16 EPS for the quarter, beating the consensus estimate of ($0.02) by $0.18. The business had revenue of $7.90 billion during the quarter, compared to analyst estimates of $7.61 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The company’s quarterly revenue was up 4.6% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.04) earnings per share. As a group, equities research analysts anticipate that United Natural Foods, Inc. will post 0.72 earnings per share for the current fiscal year.

Insider Buying and Selling

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the company’s stock in a transaction that occurred on Friday, October 4th. The shares were sold at an average price of $19.78, for a total transaction of $299,706.56. Following the transaction, the insider now owns 100,423 shares in the company, valued at approximately $1,986,366.94. This represents a 13.11 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 2.10% of the stock is owned by company insiders.

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.