The Manufacturers Life Insurance Company Sells 504 Shares of United Natural Foods, Inc. (NYSE:UNFI)

The Manufacturers Life Insurance Company decreased its position in United Natural Foods, Inc. (NYSE:UNFI) by 2.3% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 21,878 shares of the company’s stock after selling 504 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in United Natural Foods were worth $368,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its holdings in shares of United Natural Foods by 12.2% during the second quarter. Van ECK Associates Corp now owns 6,584 shares of the company’s stock valued at $86,000 after acquiring an additional 716 shares in the last quarter. Creative Planning increased its holdings in shares of United Natural Foods by 7.6% during the third quarter. Creative Planning now owns 13,506 shares of the company’s stock valued at $227,000 after acquiring an additional 953 shares in the last quarter. Keynote Financial Services LLC increased its holdings in shares of United Natural Foods by 6.6% during the second quarter. Keynote Financial Services LLC now owns 17,517 shares of the company’s stock valued at $229,000 after acquiring an additional 1,091 shares in the last quarter. SummerHaven Investment Management LLC increased its holdings in shares of United Natural Foods by 3.6% during the second quarter. SummerHaven Investment Management LLC now owns 37,235 shares of the company’s stock valued at $488,000 after acquiring an additional 1,303 shares in the last quarter. Finally, nVerses Capital LLC increased its holdings in shares of United Natural Foods by 85.7% during the third quarter. nVerses Capital LLC now owns 3,900 shares of the company’s stock valued at $66,000 after acquiring an additional 1,800 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Trading Up 0.1 %

Shares of NYSE:UNFI opened at $28.49 on Monday. The stock has a market capitalization of $1.71 billion, a price-to-earnings ratio of -18.15 and a beta of 0.64. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.52 and a current ratio of 1.48. The stock’s 50-day simple moving average is $22.43 and its two-hundred day simple moving average is $17.19. United Natural Foods, Inc. has a 52-week low of $8.58 and a 52-week high of $32.20.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, December 10th. The company reported $0.16 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.18. The business had revenue of $7.90 billion for the quarter, compared to analysts’ expectations of $7.61 billion. United Natural Foods had a positive return on equity of 1.27% and a negative net margin of 0.30%. The business’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted ($0.04) earnings per share. Analysts expect that United Natural Foods, Inc. will post 0.72 EPS for the current year.

Insiders Place Their Bets

In other news, insider Danielle Benedict sold 15,152 shares of the firm’s stock in a transaction dated Friday, October 4th. The stock was sold at an average price of $19.78, for a total value of $299,706.56. Following the transaction, the insider now owns 100,423 shares of the company’s stock, valued at $1,986,366.94. This trade represents a 13.11 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 2.10% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on UNFI shares. Roth Mkm raised their price target on United Natural Foods from $20.00 to $26.00 and gave the company a “neutral” rating in a report on Thursday. BMO Capital Markets increased their price objective on United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research report on Wednesday, December 11th. UBS Group increased their price objective on United Natural Foods from $16.00 to $21.00 and gave the company a “neutral” rating in a research report on Wednesday, October 2nd. Guggenheim reaffirmed a “neutral” rating on shares of United Natural Foods in a research report on Thursday. Finally, The Goldman Sachs Group increased their price objective on United Natural Foods from $15.00 to $22.00 and gave the company a “neutral” rating in a research report on Monday, October 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating and one has issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $22.60.

United Natural Foods Company Profile

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, wellness and personal care items, and bulk and foodservice products.