Ameriprise Financial Inc. Has $4.11 Million Position in United Natural Foods, Inc. (NYSE:UNFI)

Ameriprise Financial Inc. decreased its stake in United Natural Foods, Inc. (NYSE:UNFI) by 27.6% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 150,404 shares of the company’s stock after selling 57,359 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.25% of United Natural Foods worth $4,108,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Hazlett Burt & Watson Inc. acquired a new position in shares of United Natural Foods during the 4th quarter valued at about $27,000. Harvest Fund Management Co. Ltd bought a new position in shares of United Natural Foods during the fourth quarter valued at $37,000. Aquatic Capital Management LLC acquired a new stake in shares of United Natural Foods during the fourth quarter worth approximately $47,000. Sterling Capital Management LLC boosted its stake in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company’s stock worth $51,000 after purchasing an additional 1,672 shares in the last quarter. Finally, Smartleaf Asset Management LLC increased its position in United Natural Foods by 186.7% in the 4th quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company’s stock valued at $65,000 after acquiring an additional 1,557 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Analysts Set New Price Targets

UNFI has been the topic of several recent research reports. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. Wall Street Zen raised United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group raised their price objective on United Natural Foods from $25.00 to $28.00 and gave the company a “neutral” rating in a report on Thursday, February 13th. One research analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat.com, United Natural Foods has a consensus rating of “Hold” and a consensus target price of $27.50.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $29.32 on Monday. The company has a market cap of $1.77 billion, a price-to-earnings ratio of -18.67 and a beta of 1.08. United Natural Foods, Inc. has a one year low of $11.46 and a one year high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53. The firm has a 50 day simple moving average of $26.63 and a 200 day simple moving average of $27.25.

United Natural Foods (NYSE:UNFI) last announced its earnings results on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.07 earnings per share. Research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

United Natural Foods 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.