United Natural Foods, Inc. (NYSE:UNFI) Shares Acquired by Amundi

Amundi increased its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 368.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 62,830 shares of the company’s stock after acquiring an additional 49,427 shares during the quarter. Amundi’s holdings in United Natural Foods were worth $1,813,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Advisors Preferred LLC acquired a new position in shares of United Natural Foods during the 4th quarter worth approximately $3,637,000. JPMorgan Chase & Co. boosted its stake in United Natural Foods by 118.1% during the third quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after buying an additional 96,341 shares during the last quarter. Empowered Funds LLC grew its holdings in United Natural Foods by 44.6% in the 4th quarter. Empowered Funds LLC now owns 281,713 shares of the company’s stock valued at $7,694,000 after buying an additional 86,941 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of United Natural Foods by 352.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 108,181 shares of the company’s stock worth $1,820,000 after acquiring an additional 84,257 shares during the last quarter. Finally, Jackson Creek Investment Advisors LLC purchased a new position in shares of United Natural Foods during the 4th quarter worth $1,532,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Down 0.8 %

NYSE:UNFI opened at $26.53 on Tuesday. United Natural Foods, Inc. has a 52 week low of $8.58 and a 52 week high of $34.76. The stock’s fifty day moving average is $29.54 and its two-hundred day moving average is $24.38. The stock has a market capitalization of $1.61 billion, a price-to-earnings ratio of -16.90 and a beta of 0.56. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39.

United Natural Foods (NYSE:UNFI) last posted its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.18 by $0.04. The firm had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. United Natural Foods’s revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.07 EPS. Research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analysts Set New Price Targets

UNFI has been the subject of several recent analyst reports. The Goldman Sachs Group raised their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Roth Mkm raised their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a report on Thursday, December 12th. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective on the stock in a report on Wednesday, March 12th. BMO Capital Markets raised their target price on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a research note on Wednesday, December 11th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of United Natural Foods in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $27.50.

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.