Continental Advisors LLC lessened its stake in United Natural Foods, Inc. (NASDAQ:UNFI) by 15.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 55,650 shares of the company’s stock after selling 10,000 shares during the period. Continental Advisors LLC owned 0.11% of United Natural Foods worth $2,314,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of United Natural Foods by 0.6% during the second quarter. Vanguard Group Inc. now owns 4,289,244 shares of the company’s stock worth $157,415,000 after acquiring an additional 24,028 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Natural Foods by 6.5% during the third quarter. Dimensional Fund Advisors LP now owns 4,269,142 shares of the company’s stock worth $177,554,000 after acquiring an additional 258,676 shares during the last quarter. Bank of New York Mellon Corp boosted its position in United Natural Foods by 3.5% in the third quarter. Bank of New York Mellon Corp now owns 2,518,218 shares of the company’s stock valued at $104,734,000 after buying an additional 84,579 shares during the last quarter. Kiltearn Partners LLP purchased a new stake in United Natural Foods in the second quarter valued at approximately $74,701,000. Finally, State Street Corp boosted its position in United Natural Foods by 4.2% in the second quarter. State Street Corp now owns 1,666,585 shares of the company’s stock valued at $61,167,000 after buying an additional 66,868 shares during the last quarter.
In related news, Director James P. Heffernan sold 16,514 shares of the stock in a transaction dated Tuesday, December 12th. The stock was sold at an average price of $49.87, for a total transaction of $823,553.18. Following the transaction, the director now owns 7,580 shares of the company’s stock, valued at approximately $378,014.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director James P. Heffernan sold 7,580 shares of the stock in a transaction dated Monday, December 18th. The stock was sold at an average price of $52.01, for a total value of $394,235.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 48,327 shares of company stock valued at $2,323,217. Company insiders own 1.40% of the company’s stock.
Shares of United Natural Foods, Inc. (UNFI) traded up $0.36 during trading hours on Tuesday, reaching $49.63. The company’s stock had a trading volume of 515,193 shares, compared to its average volume of 898,475. The company has a current ratio of 2.25, a quick ratio of 0.82 and a debt-to-equity ratio of 0.25. The stock has a market cap of $2,500.00, a PE ratio of 19.24, a P/E/G ratio of 3.08 and a beta of 1.46. 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 issued its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.60. The company had revenue of $2.46 billion during the quarter, compared to analysts’ expectations of $2.39 billion. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. During the same period in the prior year, the business earned $0.58 EPS. analysts predict that United Natural Foods, Inc. will post 2.74 EPS for the current year.
United Natural Foods declared that its board has initiated a stock buyback program on Friday, October 6th that permits the company to buyback $200.00 million in outstanding shares. This buyback authorization permits the company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company’s management believes its shares are undervalued.
A number of equities research analysts recently commented on UNFI shares. BMO Capital Markets reiterated a “market perform” rating and issued a $40.00 target price (up previously from $38.00) on shares of United Natural Foods in a research report on Thursday, September 14th. Argus upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $49.00 target price on the stock in a research report on Monday, September 25th. Royal Bank of Canada downgraded United Natural Foods from a “sector perform” rating to an “underperform” rating and decreased their price target for the company from $36.00 to $34.00 in a report on Tuesday, October 17th. Jefferies Group reissued a “hold” rating on shares of United Natural Foods in a report on Monday, October 16th. Finally, Susquehanna Bancshares initiated coverage on United Natural Foods in a report on Monday, October 16th. They issued a “neutral” rating and a $43.00 price target for the company. Five investment analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $43.33.
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United Natural Foods 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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