Fmr LLC Reduces Stake in United Natural Foods, Inc. (NYSE:UNFI)

Fmr LLC cut its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 6.4% in the third quarter, HoldingsChannel.com reports. The institutional investor 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 filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the business. nVerses Capital LLC purchased a new position in shares of United Natural Foods during the second quarter worth $28,000. Van ECK Associates Corp grew its position in 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 purchasing an additional 716 shares during the period. Canada Pension Plan Investment Board purchased a new position in shares of United Natural Foods during the 2nd quarter valued at about $94,000. Innealta Capital LLC acquired a new position in shares of United Natural Foods in the 2nd quarter valued at about $97,000. Finally, Headlands Technologies LLC boosted its stake in shares of United Natural Foods by 27,431.7% in the second quarter. Headlands Technologies LLC now owns 11,288 shares of the company’s stock worth $148,000 after buying an additional 11,247 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

Shares of NYSE:UNFI opened at $25.88 on Monday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.52. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $32.20. The firm has a market capitalization of $1.55 billion, a PE ratio of -16.48 and a beta of 0.64. The business’s 50 day moving average price is $23.14 and its 200-day moving average price is $17.67.

United Natural Foods (NYSE:UNFI) last released its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 revenue for the quarter was up 4.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.04) earnings per share. As a group, equities research analysts expect that United Natural Foods, Inc. will post 0.72 earnings per share for the current fiscal year.

Analysts Set New Price Targets

UNFI has been the topic of several recent research reports. BMO Capital Markets upped their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research report on Wednesday, December 11th. The Goldman Sachs Group upped their price objective 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. Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday, October 11th. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. Finally, UBS Group increased their price target on United Natural Foods from $16.00 to $21.00 and gave the stock a “neutral” rating in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, United Natural Foods presently has a consensus rating of “Hold” and an average price target of $22.60.

Insider Buying and Selling at United Natural Foods

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the company’s 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 directly owns 100,423 shares in the company, valued at $1,986,366.94. This represents a 13.11 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.10% of the stock is owned by 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.