Millennium Management LLC Sells 156,633 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Millennium Management LLC lessened its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 36.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 272,257 shares of the company’s stock after selling 156,633 shares during the period. Millennium Management LLC’s holdings in United Natural Foods were worth $3,567,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of UNFI. nVerses Capital LLC bought a new stake in shares of United Natural Foods during the second quarter worth $28,000. Public Employees Retirement System of Ohio bought a new position in United Natural Foods during the 1st quarter worth about $38,000. Allspring Global Investments Holdings LLC raised its stake in shares of United Natural Foods by 317.2% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 3,634 shares of the company’s stock valued at $42,000 after purchasing an additional 2,763 shares during the period. Fidelis Capital Partners LLC bought a new stake in shares of United Natural Foods in the first quarter valued at about $42,000. Finally, CWM LLC boosted its position in shares of 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 buying an additional 2,879 shares during the period. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other United Natural Foods news, insider Danielle Benedict sold 15,152 shares of the firm’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 completion of the sale, the insider now directly owns 100,423 shares in the company, valued at $1,986,366.94. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Company insiders own 2.10% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on UNFI shares. UBS Group boosted their target price on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research note on Wednesday, October 2nd. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group raised their target price 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. Finally, BMO Capital Markets boosted their price target on shares of United Natural Foods from $14.00 to $23.00 and gave the stock a “market perform” rating in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.40.

United Natural Foods Stock Performance

Shares of UNFI opened at $20.63 on Monday. The company has a market cap of $1.23 billion, a PE ratio of -10.92 and a beta of 0.63. The firm has a 50-day moving average of $15.65 and a 200-day moving average of $13.24. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $23.15. The company has a debt-to-equity ratio of 1.28, a current ratio of 1.44 and a quick ratio of 0.52.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, October 1st. The company reported $0.01 earnings per share for the quarter, topping analysts’ consensus estimates of ($0.08) by $0.09. United Natural Foods had a positive return on equity of 0.54% and a negative net margin of 0.36%. The firm had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.94 billion. During the same quarter in the previous year, the business earned ($0.25) earnings per share. The business’s revenue was up 10.0% compared to the same quarter last year. As a group, equities analysts forecast that United Natural Foods, Inc. will post 0.64 earnings per share for the current year.

United Natural Foods 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.