United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Maryland State Retirement & Pension System

Maryland State Retirement & Pension System decreased its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 4.0% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,723 shares of the company’s stock after selling 862 shares during the quarter. Maryland State Retirement & Pension System’s holdings in United Natural Foods were worth $271,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in UNFI. First Trust Direct Indexing L.P. acquired a new stake in shares of United Natural Foods in the 4th quarter worth $174,000. Charles Schwab Investment Management Inc. raised its stake in United Natural Foods by 18.3% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 745,628 shares of the company’s stock worth $12,102,000 after acquiring an additional 115,308 shares during the last quarter. Counterpoint Mutual Funds LLC raised its stake in United Natural Foods by 159.3% in the 4th quarter. Counterpoint Mutual Funds LLC now owns 12,148 shares of the company’s stock worth $197,000 after acquiring an additional 7,463 shares during the last quarter. Jump Financial LLC purchased a new position in United Natural Foods in the 4th quarter worth $227,000. Finally, Ieq Capital LLC purchased a new position in United Natural Foods in the 4th quarter worth $243,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Stock Performance

NYSE UNFI opened at $16.36 on Thursday. The stock has a 50-day simple moving average of $13.70 and a two-hundred day simple moving average of $12.53. The firm has a market capitalization of $972.93 million, a P/E ratio of -6.79 and a beta of 0.68. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $19.93. The company has a debt-to-equity ratio of 1.28, a quick ratio of 0.55 and a current ratio of 1.51.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Wednesday, June 5th. The company reported $0.10 earnings per share for the quarter, meeting the consensus estimate of $0.10. United Natural Foods had a negative return on equity of 0.35% and a negative net margin of 0.47%. The firm had revenue of $7.50 billion during the quarter, compared to analyst estimates of $7.51 billion. During the same quarter in the previous year, the business earned $0.54 EPS. United Natural Foods’s revenue for the quarter was down .1% compared to the same quarter last year. On average, equities analysts forecast that United Natural Foods, Inc. will post 0.06 earnings per share for the current year.

Analysts Set New Price Targets

UNFI has been the subject of a number of research analyst reports. UBS Group raised their target price on United Natural Foods from $14.00 to $16.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Roth Mkm raised their target price on United Natural Foods from $13.00 to $14.00 and gave the stock a “neutral” rating in a research note on Thursday, June 6th. Finally, StockNews.com upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 13th. One analyst has rated the stock with a sell rating and five have given a hold rating to the company’s stock. According to data from MarketBeat, 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.