Ameriprise Financial Inc. Lowers Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Ameriprise Financial Inc. trimmed its position in United Natural Foods, Inc. (NYSE:UNFI) by 10.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,037,335 shares of the company’s stock after selling 122,047 shares during the quarter. Ameriprise Financial Inc.’s holdings in United Natural Foods were worth $34,170,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Abundance Wealth Counselors purchased a new stake in shares of United Natural Foods in the first quarter worth about $33,000. Bank Julius Baer & Co. Ltd Zurich purchased a new stake in shares of United Natural Foods in the first quarter worth about $33,000. Meeder Asset Management Inc. lifted its holdings in shares of United Natural Foods by 5,580.8% in the first quarter. Meeder Asset Management Inc. now owns 1,477 shares of the company’s stock worth $48,000 after buying an additional 1,451 shares in the last quarter. DekaBank Deutsche Girozentrale purchased a new stake in shares of United Natural Foods in the fourth quarter worth about $66,000. Finally, Robeco Institutional Asset Management B.V. purchased a new stake in shares of United Natural Foods in the first quarter worth about $131,000. 84.62% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE UNFI opened at $32.64 on Thursday. United Natural Foods, Inc. has a one year low of $14.23 and a one year high of $42.40. The company has a debt-to-equity ratio of 1.88, a current ratio of 1.58 and a quick ratio of 0.57. The company’s 50 day simple moving average is $36.28. The company has a market capitalization of $1.84 billion, a PE ratio of 12.22 and a beta of 1.30.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, June 8th. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.88 by $0.06. United Natural Foods had a net margin of 0.59% and a return on equity of 18.27%. The business had revenue of $6.62 billion for the quarter, compared to analysts’ expectations of $6.81 billion. During the same period last year, the business earned $1.40 earnings per share. The business’s quarterly revenue was down 5.9% on a year-over-year basis. Sell-side analysts forecast that United Natural Foods, Inc. will post 3.49 earnings per share for the current year.

In other news, CEO Steven Spinner sold 50,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 6th. The shares were sold at an average price of $35.50, for a total value of $1,775,000.00. Following the transaction, the chief executive officer now owns 268,875 shares in the company, valued at $9,545,062.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Eric A. Dorne sold 10,757 shares of the firm’s stock in a transaction that occurred on Wednesday, June 2nd. The stock was sold at an average price of $40.00, for a total transaction of $430,280.00. Following the completion of the transaction, the chief operating officer now owns 14,008 shares in the company, valued at approximately $560,320. The disclosure for this sale can be found here. Insiders have sold 229,514 shares of company stock worth $8,756,635 over the last quarter. Company insiders own 2.00% of the company’s stock.

A number of brokerages have recently issued reports on UNFI. Deutsche Bank Aktiengesellschaft increased their price target on shares of United Natural Foods from $33.00 to $35.00 and gave the stock a “hold” rating in a report on Monday, June 28th. Northcoast Research raised shares of United Natural Foods from a “neutral” rating to a “buy” rating and set a $42.00 target price on the stock in a research note on Friday, June 11th. BMO Capital Markets raised their target price on shares of United Natural Foods from $33.00 to $36.00 and gave the company a “market perform” rating in a research note on Friday, June 25th. Finally, Zacks Investment Research raised shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $44.00 target price on the stock in a research note on Thursday, June 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and four have issued a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $30.33.

United Natural Foods Company 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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

Further Reading: Market Capitalization and Individual Investors

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Institutional Ownership by Quarter for United Natural Foods (NYSE:UNFI)

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