Amundi Increases Stock Holdings in United Natural Foods, Inc. $UNFI

Amundi raised its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 12.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 70,640 shares of the company’s stock after buying an additional 7,810 shares during the quarter. Amundi owned about 0.12% of United Natural Foods worth $1,856,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in shares of United Natural Foods by 18.4% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 188,642 shares of the company’s stock valued at $5,152,000 after acquiring an additional 29,357 shares in the last quarter. Brighton Jones LLC bought a new stake in shares of United Natural Foods during the 4th quarter valued at about $656,000. GAMMA Investing LLC grew its stake in shares of United Natural Foods by 2,671.4% during the 1st quarter. GAMMA Investing LLC now owns 56,177 shares of the company’s stock valued at $1,539,000 after purchasing an additional 54,150 shares during the period. Range Financial Group LLC bought a new stake in shares of United Natural Foods during the 1st quarter valued at about $1,253,000. Finally, Lisanti Capital Growth LLC bought a new stake in shares of United Natural Foods during the 1st quarter valued at about $2,570,000. 87.63% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have issued reports on UNFI. Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and boosted their price target for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. The Goldman Sachs Group lowered their price objective on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, June 12th. UBS Group lifted their price objective on United Natural Foods from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, July 22nd. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price objective on United Natural Foods and gave the company a “hold” rating in a research report on Thursday, June 12th. Two equities research analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $28.13.

United Natural Foods Stock Down 1.3%

Shares of UNFI opened at $29.26 on Friday. The stock has a market capitalization of $1.77 billion, a price-to-earnings ratio of -25.44 and a beta of 0.90. United Natural Foods, Inc. has a 1 year low of $15.01 and a 1 year high of $34.76. The business’s 50 day simple moving average is $26.94 and its 200-day simple moving average is $26.49. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.22 by $0.22. The business had revenue of $8.06 billion for the quarter, compared to analysts’ expectations of $7.78 billion. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%.The company’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same period in the prior year, the firm earned $0.10 EPS. As a group, equities analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

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.