California Public Employees Retirement System Trims Stake in United Natural Foods Inc (NASDAQ:UNFI)

California Public Employees Retirement System lowered its holdings in shares of United Natural Foods Inc (NASDAQ:UNFI) by 7.8% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 118,115 shares of the company’s stock after selling 9,983 shares during the quarter. California Public Employees Retirement System’s holdings in United Natural Foods were worth $1,561,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank of Montreal Can boosted its holdings in United Natural Foods by 20.4% in the fourth quarter. Bank of Montreal Can now owns 6,604 shares of the company’s stock worth $70,000 after purchasing an additional 1,120 shares in the last quarter. Arizona State Retirement System boosted its holdings in United Natural Foods by 118.4% in the fourth quarter. Arizona State Retirement System now owns 78,253 shares of the company’s stock worth $829,000 after purchasing an additional 42,425 shares in the last quarter. Xact Kapitalforvaltning AB boosted its holdings in United Natural Foods by 32.2% in the fourth quarter. Xact Kapitalforvaltning AB now owns 12,309 shares of the company’s stock worth $130,000 after purchasing an additional 3,000 shares in the last quarter. Crossmark Global Holdings Inc. boosted its holdings in United Natural Foods by 183.4% in the fourth quarter. Crossmark Global Holdings Inc. now owns 32,789 shares of the company’s stock worth $347,000 after purchasing an additional 21,220 shares in the last quarter. Finally, Rhumbline Advisers boosted its holdings in United Natural Foods by 51.6% in the fourth quarter. Rhumbline Advisers now owns 153,136 shares of the company’s stock worth $1,622,000 after purchasing an additional 52,141 shares in the last quarter. 98.17% of the stock is owned by hedge funds and other institutional investors.

UNFI stock opened at $10.27 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74. United Natural Foods Inc has a 52-week low of $9.23 and a 52-week high of $44.94. The stock has a market cap of $541.27 million, a price-to-earnings ratio of 3.30, a PEG ratio of 0.82 and a beta of 2.15.

United Natural Foods (NASDAQ:UNFI) last released its quarterly earnings results on Wednesday, June 5th. The company reported $0.61 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.10. United Natural Foods had a net margin of 1.09% and a return on equity of 8.58%. The company had revenue of $5.96 billion during the quarter, compared to analysts’ expectations of $6.21 billion. During the same period in the prior year, the company earned $1.04 earnings per share. The business’s quarterly revenue was up 125.1% compared to the same quarter last year. As a group, equities analysts anticipate that United Natural Foods Inc will post 1.73 EPS for the current fiscal year.

UNFI has been the subject of a number of recent research reports. BidaskClub cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Thursday, April 18th. BMO Capital Markets set a $10.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a report on Friday, June 7th. Zacks Investment Research upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating and set a $16.00 price objective for the company in a report on Tuesday, March 19th. Pivotal Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating and decreased their price objective for the stock from $14.00 to $8.00 in a report on Thursday, March 7th. Finally, Loop Capital decreased their price target on shares of United Natural Foods to $30.00 and set a “buy” rating for the company in a report on Wednesday, March 6th. Five analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $18.98.

TRADEMARK VIOLATION NOTICE: “California Public Employees Retirement System Trims Stake in United Natural Foods Inc (NASDAQ:UNFI)” was posted by Baseball Daily News and is the sole property of of Baseball Daily News. If you are reading this news story on another domain, it was illegally copied and republished in violation of U.S. & international copyright and trademark legislation. The original version of this news story can be read at https://www.baseballdailydigest.com/news/2019/06/15/california-public-employees-retirement-system-trims-stake-in-united-natural-foods-inc-nasdaqunfi.html.

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.

Read More: Cost of equity and a company’s balance sheet

Want to see what other hedge funds are holding UNFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Natural Foods Inc (NASDAQ:UNFI).

Institutional Ownership by Quarter for United Natural Foods (NASDAQ:UNFI)

Receive News & Ratings for United Natural Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods and related companies with MarketBeat.com's FREE daily email newsletter.