Citigroup Inc. Has $2.81 Million Position in United Natural Foods, Inc. $UNFI

Citigroup Inc. lessened its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 63.9% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 74,687 shares of the company’s stock after selling 131,956 shares during the period. Citigroup Inc. owned approximately 0.12% of United Natural Foods worth $2,810,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of the business. EverSource Wealth Advisors LLC lifted its position in United Natural Foods by 84.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock valued at $31,000 after acquiring an additional 609 shares in the last quarter. Smartleaf Asset Management LLC increased its holdings in United Natural Foods by 32.0% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,563 shares of the company’s stock worth $59,000 after purchasing an additional 379 shares in the last quarter. Lazard Asset Management LLC raised its stake in shares of United Natural Foods by 21.7% in the 2nd quarter. Lazard Asset Management LLC now owns 5,277 shares of the company’s stock valued at $123,000 after purchasing an additional 942 shares during the period. Covestor Ltd lifted its holdings in shares of United Natural Foods by 56.5% in the third quarter. Covestor Ltd now owns 3,830 shares of the company’s stock valued at $144,000 after purchasing an additional 1,382 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in shares of United Natural Foods by 366.6% in the second quarter. Tower Research Capital LLC TRC now owns 6,715 shares of the company’s stock valued at $157,000 after purchasing an additional 5,276 shares in the last quarter. 87.63% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, CAO Richard Eric Esper sold 4,261 shares of the firm’s stock in a transaction dated Thursday, December 18th. The shares were sold at an average price of $33.08, for a total transaction of $140,953.88. Following the completion of the sale, the chief accounting officer owned 37,369 shares in the company, valued at approximately $1,236,166.52. This trade represents a 10.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Louis Anthony Martin sold 9,439 shares of United Natural Foods stock in a transaction dated Monday, December 22nd. The stock was sold at an average price of $34.67, for a total transaction of $327,250.13. Following the sale, the insider directly owned 81,234 shares of the company’s stock, valued at $2,816,382.78. The trade was a 10.41% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

UNFI has been the subject of a number of research reports. Wells Fargo & Company decreased their price objective on United Natural Foods from $37.00 to $35.00 and set an “equal weight” rating for the company in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft set a $40.00 target price on United Natural Foods in a research note on Thursday, January 8th. Zacks Research cut shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, February 2nd. BMO Capital Markets reiterated an “outperform” rating on shares of United Natural Foods in a report on Thursday, December 11th. Finally, Roth Mkm reissued a “neutral” rating and issued a $35.00 price objective on shares of United Natural Foods in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, United Natural Foods presently has an average rating of “Hold” and a consensus price target of $38.78.

United Natural Foods Trading Down 3.5%

NYSE UNFI opened at $36.49 on Friday. United Natural Foods, Inc. has a 12 month low of $20.78 and a 12 month high of $43.29. The company has a current ratio of 1.38, a quick ratio of 0.50 and a debt-to-equity ratio of 1.25. The stock has a 50 day moving average of $36.83 and a 200-day moving average of $35.37. The company has a market cap of $2.22 billion, a PE ratio of -21.98 and a beta of 1.00.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, December 2nd. The company reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.17. The firm had revenue of $7.84 billion for the quarter, compared to analyst estimates of $7.91 billion. United Natural Foods had a positive return on equity of 4.35% and a negative net margin of 0.32%.The business’s revenue for the quarter was down .4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.16 earnings per share. On average, equities research analysts anticipate that United Natural Foods, Inc. will post 0.76 EPS for the current fiscal year.

United Natural Foods Profile

United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.

UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.