United Natural Foods, Inc. (NYSE:UNFI) Shares Sold by Mitsubishi UFJ Trust & Banking Corp

Mitsubishi UFJ Trust & Banking Corp decreased its holdings in United Natural Foods, Inc. (NYSE:UNFIGet Rating) by 30.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 18,286 shares of the company’s stock after selling 8,095 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in United Natural Foods were worth $720,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of UNFI. Mutual of America Capital Management LLC raised its holdings in United Natural Foods by 8.7% in the 1st quarter. Mutual of America Capital Management LLC now owns 8,370 shares of the company’s stock valued at $346,000 after acquiring an additional 672 shares during the last quarter. State of New Jersey Common Pension Fund D grew its stake in shares of United Natural Foods by 17.8% in the 1st quarter. State of New Jersey Common Pension Fund D now owns 66,139 shares of the company’s stock valued at $2,735,000 after buying an additional 9,978 shares during the period. Arizona State Retirement System grew its stake in shares of United Natural Foods by 3.3% in the 1st quarter. Arizona State Retirement System now owns 15,671 shares of the company’s stock valued at $648,000 after buying an additional 505 shares during the period. Versor Investments LP grew its stake in shares of United Natural Foods by 76.0% in the 1st quarter. Versor Investments LP now owns 10,241 shares of the company’s stock valued at $423,000 after buying an additional 4,423 shares during the period. Finally, Commonwealth Equity Services LLC grew its stake in shares of United Natural Foods by 16.8% in the 1st quarter. Commonwealth Equity Services LLC now owns 144,932 shares of the company’s stock valued at $5,992,000 after buying an additional 20,802 shares during the period. Institutional investors and hedge funds own 88.10% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently weighed in on UNFI shares. Deutsche Bank Aktiengesellschaft dropped their price target on shares of United Natural Foods from $54.00 to $46.00 in a research note on Wednesday, September 28th. MKM Partners dropped their price target on shares of United Natural Foods from $69.00 to $63.00 and set a “buy” rating for the company in a research note on Wednesday, September 28th. Wells Fargo & Company lowered their price objective on shares of United Natural Foods from $45.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, September 28th. BMO Capital Markets lowered their price objective on shares of United Natural Foods from $45.00 to $40.00 in a research report on Wednesday, September 28th. Finally, StockNews.com initiated coverage on shares of United Natural Foods in a research report on Wednesday, October 12th. They set a “buy” rating for the company. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, United Natural Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $49.40.

United Natural Foods Price Performance

Shares of UNFI opened at $46.80 on Monday. United Natural Foods, Inc. has a twelve month low of $32.90 and a twelve month high of $57.89. The firm’s fifty day simple moving average is $40.35 and its 200-day simple moving average is $41.78. The firm has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.53 and a beta of 1.05. The company has a current ratio of 1.57, a quick ratio of 0.60 and a debt-to-equity ratio of 1.19.

United Natural Foods (NYSE:UNFIGet Rating) last announced its quarterly earnings results on Tuesday, September 27th. The company reported $1.27 EPS for the quarter, topping the consensus estimate of $1.24 by $0.03. United Natural Foods had a net margin of 0.86% and a return on equity of 15.95%. The firm had revenue of $7.27 billion for the quarter, compared to analyst estimates of $7.33 billion. During the same period last year, the business earned $1.18 EPS. United Natural Foods’s revenue for the quarter was up 8.0% compared to the same quarter last year. Equities analysts forecast that United Natural Foods, Inc. will post 4.99 EPS for the current fiscal year.

United Natural Foods announced that its Board of Directors has authorized a stock buyback plan on Tuesday, September 27th that permits the company to repurchase $200.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 9% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

Insiders Place Their Bets

In other United Natural Foods news, CEO J Alexander Douglas, Jr. acquired 2,932 shares of the stock in a transaction on Thursday, September 29th. The shares were bought at an average cost of $33.98 per share, with a total value of $99,629.36. Following the transaction, the chief executive officer now owns 56,763 shares of the company’s stock, valued at approximately $1,928,806.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 1.20% of the stock is currently owned by insiders.

United Natural Foods Company Profile

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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.

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

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