American Century Companies Inc. raised its stake in United Natural Foods, Inc. (NASDAQ:UNFI) by 256.4% during the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 527,689 shares of the company’s stock after buying an additional 379,641 shares during the quarter. American Century Companies Inc. owned approximately 1.05% of United Natural Foods worth $25,999,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Pictet Asset Management Ltd. raised its position in United Natural Foods by 22.6% in the third quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock worth $13,275,000 after acquiring an additional 58,779 shares in the last quarter. Vanguard Group Inc. increased its stake in United Natural Foods by 0.6% in the 2nd quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after purchasing an additional 24,028 shares in the last quarter. Dynamic Technology Lab Private Ltd purchased a new position in United Natural Foods in the 3rd quarter worth about $3,205,000. SG Americas Securities LLC increased its stake in United Natural Foods by 80.0% in the 4th quarter. SG Americas Securities LLC now owns 24,980 shares of the company’s stock worth $1,231,000 after purchasing an additional 11,100 shares in the last quarter. Finally, Kalos Management Inc. purchased a new position in United Natural Foods in the 3rd quarter worth about $652,000.
In other United Natural Foods news, insider John Michael Hummel sold 1,773 shares of the company’s stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $49.42, for a total value of $87,621.66. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, SVP Craig Harder Smith sold 6,253 shares of the company’s stock in a transaction dated Tuesday, December 12th. The shares were sold at an average price of $49.59, for a total value of $310,086.27. Following the completion of the sale, the senior vice president now owns 14,871 shares in the company, valued at approximately $737,452.89. The disclosure for this sale can be found here. Insiders have sold a total of 103,191 shares of company stock worth $5,140,875 in the last 90 days. 1.40% of the stock is currently owned by corporate insiders.
UNFI has been the topic of several research analyst reports. Stephens set a $51.00 target price on United Natural Foods and gave the company a “hold” rating in a research note on Wednesday, January 17th. Jefferies Group reiterated a “hold” rating and set a $49.00 price target on shares of United Natural Foods in a report on Monday, January 8th. Oppenheimer reiterated a “hold” rating on shares of United Natural Foods in a report on Tuesday, December 5th. BidaskClub upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Finally, Susquehanna Bancshares set a $49.00 price objective on United Natural Foods and gave the company a “hold” rating in a research report on Thursday, December 7th. Four equities research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $44.83.
Shares of United Natural Foods, Inc. (NASDAQ:UNFI) remained flat at $$42.79 during mid-day trading on Thursday. The company’s stock had a trading volume of 696,100 shares, compared to its average volume of 669,689. The company has a quick ratio of 0.82, a current ratio of 2.25 and a debt-to-equity ratio of 0.25. United Natural Foods, Inc. has a fifty-two week low of $29.53 and a fifty-two week high of $52.69. The company has a market cap of $2,156.65, a P/E ratio of 16.40, a PEG ratio of 2.45 and a beta of 1.41.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The business had revenue of $2.46 billion for the quarter, compared to analyst estimates of $2.39 billion. During the same quarter in the prior year, the firm posted $0.58 earnings per share. sell-side analysts anticipate that United Natural Foods, Inc. will post 2.82 earnings per share for the current year.
United Natural Foods Company Profile
United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.
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