Oppenheimer Asset Management Inc. lowered its stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 19.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 59,863 shares of the company’s stock after selling 14,702 shares during the quarter. Oppenheimer Asset Management Inc. owned approximately 0.12% of United Natural Foods worth $2,571,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds also recently added to or reduced their stakes in the company. Old Mutual Global Investors UK Ltd. acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $112,000. C M Bidwell & Associates Ltd. acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $127,000. Strs Ohio grew its position in shares of United Natural Foods by 440.0% during the fourth quarter. Strs Ohio now owns 2,700 shares of the company’s stock worth $133,000 after buying an additional 2,200 shares in the last quarter. We Are One Seven LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $176,000. Finally, BSW Wealth Partners acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $200,000. 99.67% of the stock is owned by institutional investors and hedge funds.
In other news, insider Joseph J. Traficanti sold 6,680 shares of the business’s stock in a transaction on Thursday, May 17th. The shares were sold at an average price of $47.11, for a total transaction of $314,694.80. Following the completion of the transaction, the insider now owns 9,755 shares of the company’s stock, valued at $459,558.05. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Steven Spinner sold 7,500 shares of the business’s stock in a transaction on Monday, May 14th. The shares were sold at an average price of $45.23, for a total transaction of $339,225.00. Following the transaction, the chief executive officer now directly owns 100,633 shares of the company’s stock, valued at approximately $4,551,630.59. The disclosure for this sale can be found here. In the last ninety days, insiders sold 18,170 shares of company stock valued at $829,280. 1.40% of the stock is currently owned by corporate insiders.
A number of analysts have recently weighed in on the stock. ValuEngine raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, May 16th. Argus reissued a “buy” rating and set a $45.66 price target (down previously from $56.00) on shares of United Natural Foods in a research report on Wednesday, March 14th. BMO Capital Markets decreased their price target on shares of United Natural Foods from $57.00 to $50.00 and set a “market perform” rating for the company in a research report on Monday, March 12th. Pivotal Research set a $34.00 price target on shares of United Natural Foods and gave the stock a “sell” rating in a research report on Monday, March 12th. Finally, Jefferies Group set a $53.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a research report on Friday, March 9th. Five equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the stock. United Natural Foods currently has an average rating of “Hold” and an average price target of $44.69.
United Natural Foods stock opened at $45.35 on Friday. The firm has a market capitalization of $2.32 billion, a price-to-earnings ratio of 17.65, a price-to-earnings-growth ratio of 1.81 and a beta of 1.43. The company has a debt-to-equity ratio of 0.25, a current ratio of 2.33 and a quick ratio of 0.90. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $52.69.
United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings data on Thursday, March 8th. The company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.54 by $0.17. The firm had revenue of $2.53 billion during the quarter, compared to the consensus estimate of $2.45 billion. United Natural Foods had a net margin of 1.61% and a return on equity of 8.49%. The firm’s revenue was up 10.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.50 earnings per share. analysts anticipate that United Natural Foods, Inc. will post 3.1 earnings per share for the current fiscal year.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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