Charles Schwab Investment Management Inc. Has $17.95 Million Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Charles Schwab Investment Management Inc. cut its position in United Natural Foods, Inc. (NYSE:UNFI) by 11.4% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 657,342 shares of the company’s stock after selling 84,668 shares during the quarter. Charles Schwab Investment Management Inc.’s holdings in United Natural Foods were worth $17,952,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. State Street Corp boosted its position in United Natural Foods by 1.5% in the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock valued at $40,094,000 after buying an additional 34,522 shares in the last quarter. Geode Capital Management LLC boosted its position in United Natural Foods by 1.1% in the third quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock valued at $22,852,000 after buying an additional 14,928 shares in the last quarter. Hauser Brothers GmbH boosted its position in United Natural Foods by 0.6% in the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock valued at $15,340,000 after buying an additional 5,000 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of United Natural Foods by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 431,971 shares of the company’s stock worth $11,797,000 after acquiring an additional 4,260 shares during the last quarter. Finally, Principal Financial Group Inc. raised its stake in shares of United Natural Foods by 3.6% in the fourth quarter. Principal Financial Group Inc. now owns 290,485 shares of the company’s stock worth $7,933,000 after acquiring an additional 10,215 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

United Natural Foods Trading Up 0.9 %

UNFI opened at $26.38 on Thursday. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The company has a market cap of $1.60 billion, a price-to-earnings ratio of -16.80 and a beta of 0.56. The firm has a 50 day simple moving average of $29.44 and a 200 day simple moving average of $24.47. United Natural Foods, Inc. has a fifty-two week low of $8.58 and a fifty-two week high of $34.76.

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

Wall Street Analyst Weigh In

UNFI has been the subject of a number of research analyst reports. BMO Capital Markets boosted their target price on shares of 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. CL King raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 target price for the company in a research note on Wednesday, March 12th. Wells Fargo & Company boosted their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the stock an “underweight” rating in a research note on Friday, January 10th. Roth Mkm boosted their target price on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. Finally, The Goldman Sachs Group boosted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, United Natural Foods currently 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.