Truist Financial Corp Has $1.16 Million Position in United Natural Foods, Inc. (NYSE:UNFI)

Truist Financial Corp reduced its stake in United Natural Foods, Inc. (NYSE:UNFIGet Rating) by 13.0% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 33,620 shares of the company’s stock after selling 5,003 shares during the period. Truist Financial Corp owned about 0.06% of United Natural Foods worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in UNFI. JPMorgan Chase & Co. boosted its stake in shares of United Natural Foods by 40.9% in the 1st quarter. JPMorgan Chase & Co. now owns 357,350 shares of the company’s stock valued at $14,776,000 after purchasing an additional 103,800 shares in the last quarter. Raymond James & Associates raised its holdings in United Natural Foods by 12.8% in the 1st quarter. Raymond James & Associates now owns 19,689 shares of the company’s stock valued at $814,000 after buying an additional 2,239 shares during the last quarter. MetLife Investment Management LLC raised its holdings in United Natural Foods by 58.2% in the 1st quarter. MetLife Investment Management LLC now owns 30,238 shares of the company’s stock valued at $1,250,000 after buying an additional 11,130 shares during the last quarter. Rhumbline Advisers raised its holdings in United Natural Foods by 2.7% in the 1st quarter. Rhumbline Advisers now owns 157,010 shares of the company’s stock valued at $6,492,000 after buying an additional 4,192 shares during the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its holdings in United Natural Foods by 17.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 50,075 shares of the company’s stock valued at $2,071,000 after buying an additional 7,486 shares during the last quarter. 85.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CAO Richard Eric Esper sold 5,250 shares of United Natural Foods stock in a transaction on Monday, December 19th. The shares were sold at an average price of $38.00, for a total value of $199,500.00. Following the completion of the sale, the chief accounting officer now owns 30,303 shares in the company, valued at approximately $1,151,514. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.40% of the stock is currently owned by company insiders.

United Natural Foods Stock Performance

NYSE:UNFI opened at $38.77 on Friday. The company has a fifty day moving average of $41.86 and a 200-day moving average of $41.80. The firm has a market capitalization of $2.32 billion, a P/E ratio of 9.99 and a beta of 1.10. The company has a quick ratio of 0.63, a current ratio of 1.70 and a debt-to-equity ratio of 1.37. United Natural Foods, Inc. has a twelve month low of $32.90 and a twelve month high of $49.56.

United Natural Foods announced that its board has initiated a stock repurchase plan on Tuesday, September 27th that allows the company to repurchase $200.00 million in shares. This repurchase authorization allows the company to reacquire up to 9% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s management believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on UNFI. Deutsche Bank Aktiengesellschaft raised their price objective on shares of United Natural Foods from $46.00 to $47.00 and gave the company a “hold” rating in a report on Tuesday, November 29th. StockNews.com assumed coverage on shares of United Natural Foods in a report on Wednesday, October 12th. They issued a “buy” rating for the company. BMO Capital Markets lowered their price target on shares of United Natural Foods from $45.00 to $40.00 in a report on Wednesday, September 28th. Wells Fargo & Company lowered their price target on shares of United Natural Foods from $45.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday, September 28th. Finally, The Goldman Sachs Group raised their price target on shares of United Natural Foods from $40.00 to $45.00 and gave the stock a “neutral” rating in a report on Wednesday, November 30th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $47.17.

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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