Zurcher Kantonalbank Zurich Cantonalbank lessened its holdings in shares of United Natural Foods Inc (NASDAQ:UNFI) by 3.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,600 shares of the company’s stock after selling 1,002 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Natural Foods were worth $352,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in UNFI. Morgan Stanley boosted its position in United Natural Foods by 160.6% during the third quarter. Morgan Stanley now owns 499,124 shares of the company’s stock worth $14,949,000 after purchasing an additional 307,613 shares in the last quarter. Teachers Advisors LLC boosted its position in United Natural Foods by 1.2% during the third quarter. Teachers Advisors LLC now owns 163,154 shares of the company’s stock worth $4,886,000 after purchasing an additional 1,966 shares in the last quarter. Kalos Management Inc. boosted its position in United Natural Foods by 7.1% during the fourth quarter. Kalos Management Inc. now owns 21,664 shares of the company’s stock worth $229,000 after purchasing an additional 1,427 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in United Natural Foods during the fourth quarter worth $155,000. Finally, New York State Teachers Retirement System boosted its position in United Natural Foods by 20.1% during the fourth quarter. New York State Teachers Retirement System now owns 108,411 shares of the company’s stock worth $1,148,000 after purchasing an additional 18,120 shares in the last quarter. 98.17% of the stock is currently owned by hedge funds and other institutional investors.
UNFI has been the topic of a number of research analyst reports. Loop Capital decreased their target price on United Natural Foods to $30.00 and set a “buy” rating on the stock in a research report on Wednesday, March 6th. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a research report on Tuesday, March 19th. BidaskClub upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research report on Wednesday, May 8th. Royal Bank of Canada reduced their price objective on United Natural Foods to $20.00 and set a “sector perform” rating on the stock in a research report on Thursday, January 17th. Finally, Pivotal Research downgraded United Natural Foods from a “hold” rating to a “sell” rating and reduced their price objective for the company from $14.00 to $8.00 in a research report on Thursday, March 7th. Six equities research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $21.13.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Tuesday, March 5th. The company reported $0.44 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.21. United Natural Foods had a return on equity of 8.58% and a net margin of 1.09%. The business had revenue of $6.15 billion for the quarter, compared to the consensus estimate of $6.01 billion. During the same period in the prior year, the business earned $0.71 earnings per share. On average, equities analysts anticipate that United Natural Foods Inc will post 1.73 EPS for the current fiscal year.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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