Maryland State Retirement & Pension System Raises Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Maryland State Retirement & Pension System increased its position in United Natural Foods, Inc. (NYSE:UNFIGet Rating) by 3.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 23,292 shares of the company’s stock after buying an additional 827 shares during the quarter. Maryland State Retirement & Pension System’s holdings in United Natural Foods were worth $963,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of UNFI. Whittier Trust Co. purchased a new position in United Natural Foods in the fourth quarter valued at about $34,000. Exchange Traded Concepts LLC purchased a new position in United Natural Foods in the fourth quarter valued at about $38,000. Lazard Asset Management LLC purchased a new position in United Natural Foods in the fourth quarter valued at about $61,000. Point72 Hong Kong Ltd purchased a new position in United Natural Foods in the fourth quarter valued at about $104,000. Finally, National Bank of Canada FI purchased a new position in United Natural Foods in the fourth quarter valued at about $202,000. 81.28% of the stock is currently owned by institutional investors and hedge funds.

NYSE:UNFI opened at $39.04 on Thursday. The company has a market capitalization of $2.28 billion, a price-to-earnings ratio of 10.44 and a beta of 1.03. United Natural Foods, Inc. has a one year low of $30.61 and a one year high of $57.89. The stock has a 50-day simple moving average of $42.24 and a 200 day simple moving average of $42.77. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.55 and a current ratio of 1.49.

United Natural Foods (NYSE:UNFIGet Rating) last posted its quarterly earnings results on Tuesday, June 7th. The company reported $1.10 EPS for the quarter, topping analysts’ consensus estimates of $0.97 by $0.13. The business had revenue of $7.24 billion during the quarter, compared to the consensus estimate of $7.09 billion. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The company’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same period last year, the firm earned $0.94 earnings per share. On average, equities research analysts forecast that United Natural Foods, Inc. will post 4.22 EPS for the current fiscal year.

Several research analysts have commented on the company. Wells Fargo & Company raised United Natural Foods from an “underweight” rating to an “equal weight” rating and raised their price objective for the company from $35.00 to $38.00 in a research report on Thursday, March 17th. CL King started coverage on United Natural Foods in a research report on Monday, March 21st. They set a “buy” rating on the stock. Seaport Res Ptn reaffirmed a “neutral” rating on shares of United Natural Foods in a research report on Thursday, March 10th. Deutsche Bank Aktiengesellschaft dropped their target price on United Natural Foods from $52.00 to $46.00 and set a “hold” rating on the stock in a research report on Thursday, March 10th. Finally, BMO Capital Markets dropped their target price on United Natural Foods from $50.00 to $45.00 and set a “market perform” rating on the stock in a research report on Thursday, March 10th. Five investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $51.57.

About United Natural Foods (Get Rating)

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.

See Also

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

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