Bank of New York Mellon Corp Has $6.58 Million Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Bank of New York Mellon Corp reduced its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 1.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 501,947 shares of the company’s stock after selling 6,552 shares during the quarter. Bank of New York Mellon Corp owned 0.84% of United Natural Foods worth $6,576,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in UNFI. Keynote Financial Services LLC boosted its holdings in United Natural Foods by 6.6% during the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock worth $229,000 after purchasing an additional 1,091 shares during the last quarter. SummerHaven Investment Management LLC boosted its holdings in United Natural Foods by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock worth $488,000 after purchasing an additional 1,303 shares during the last quarter. Diversified Trust Co boosted its holdings in United Natural Foods by 1.4% during the second quarter. Diversified Trust Co now owns 94,859 shares of the company’s stock worth $1,243,000 after purchasing an additional 1,322 shares during the last quarter. Baldwin Brothers LLC MA boosted its holdings in United Natural Foods by 38.0% during the second quarter. Baldwin Brothers LLC MA now owns 8,191 shares of the company’s stock worth $107,000 after purchasing an additional 2,254 shares during the last quarter. Finally, CWM LLC boosted its holdings in United Natural Foods by 661.8% during the second quarter. CWM LLC now owns 3,314 shares of the company’s stock worth $43,000 after purchasing an additional 2,879 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Stock Performance

NYSE UNFI opened at $14.51 on Thursday. The company’s 50 day moving average is $13.91 and its 200-day moving average is $12.50. United Natural Foods, Inc. has a 12-month low of $8.58 and a 12-month high of $19.93. The company has a quick ratio of 0.55, a current ratio of 1.51 and a debt-to-equity ratio of 1.28. The firm has a market cap of $862.91 million, a P/E ratio of -6.02 and a beta of 0.64.

Wall Street Analyst Weigh In

Several research firms recently weighed in on UNFI. StockNews.com upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Thursday, June 13th. UBS Group boosted their target price on shares of United Natural Foods from $14.00 to $16.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. Finally, Roth Mkm boosted their target price on shares of United Natural Foods from $13.00 to $14.00 and gave the company a “neutral” rating in a research note on Thursday, June 6th. One research 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 company currently has a consensus rating of “Hold” and a consensus price target of $13.60.

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.