Integrated Quantitative Investments LLC Takes $1.34 Million Position in United Natural Foods, Inc. $UNFI

Integrated Quantitative Investments LLC acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 35,685 shares of the company’s stock, valued at approximately $1,342,000. Integrated Quantitative Investments LLC owned about 0.06% of United Natural Foods at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in United Natural Foods by 0.8% in the third quarter. Dimensional Fund Advisors LP now owns 3,664,356 shares of the company’s stock valued at $137,824,000 after acquiring an additional 28,119 shares during the last quarter. American Century Companies Inc. increased its stake in United Natural Foods by 5.5% during the third quarter. American Century Companies Inc. now owns 2,746,073 shares of the company’s stock worth $103,307,000 after purchasing an additional 142,485 shares during the period. Invesco Ltd. lifted its position in shares of United Natural Foods by 20.7% during the second quarter. Invesco Ltd. now owns 2,544,315 shares of the company’s stock worth $59,308,000 after purchasing an additional 436,680 shares in the last quarter. Geode Capital Management LLC boosted its stake in shares of United Natural Foods by 2.0% in the second quarter. Geode Capital Management LLC now owns 1,424,195 shares of the company’s stock valued at $33,203,000 after purchasing an additional 27,943 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in United Natural Foods by 196.6% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 925,927 shares of the company’s stock worth $21,583,000 after buying an additional 613,790 shares during the period. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Natural Foods

In related news, Director James C. Pappas acquired 2,000 shares of United Natural Foods stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $33.30 per share, for a total transaction of $66,600.00. Following the transaction, the director directly owned 194,178 shares of the company’s stock, valued at $6,466,127.40. This trade represents a 1.04% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Louis Anthony Martin sold 9,439 shares of the stock in a transaction on Monday, December 22nd. The stock was sold at an average price of $34.67, for a total value of $327,250.13. Following the completion of the sale, the insider directly owned 81,234 shares in the company, valued at $2,816,382.78. This represents a 10.41% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 2.40% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have commented on UNFI. Wells Fargo & Company dropped their price target on shares of United Natural Foods from $37.00 to $35.00 and set an “equal weight” rating for the company in a research note on Friday, December 19th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United Natural Foods in a report on Friday, January 9th. BMO Capital Markets restated an “outperform” rating on shares of United Natural Foods in a research report on Thursday, December 11th. Zacks Research cut shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. Finally, Roth Mkm reissued a “neutral” rating and issued a $35.00 price objective on shares of United Natural Foods in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, United Natural Foods has an average rating of “Hold” and an average price target of $38.78.

United Natural Foods Stock Performance

United Natural Foods stock opened at $38.36 on Thursday. The firm has a market capitalization of $2.34 billion, a PE ratio of -23.11 and a beta of 1.00. United Natural Foods, Inc. has a one year low of $20.78 and a one year high of $43.29. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.50 and a current ratio of 1.38. The stock’s 50 day moving average price is $36.68 and its 200 day moving average price is $35.28.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, December 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.39 by $0.17. The company had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.91 billion. United Natural Foods had a positive return on equity of 4.35% and a negative net margin of 0.32%.United Natural Foods’s quarterly revenue was down .4% on a year-over-year basis. During the same period in the prior year, the company posted $0.16 EPS. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

United Natural Foods Company Profile

United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.

UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.