1,340 Shares in United Natural Foods, Inc. (NYSE:UNFI) Bought by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 1,340 shares of the company’s stock, valued at approximately $37,000.

Several other large investors have also made changes to their positions in UNFI. State Street Corp grew its position in shares of United Natural Foods by 1.5% during the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after purchasing an additional 34,522 shares in the last quarter. Geode Capital Management LLC grew its holdings in United Natural Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock valued at $22,852,000 after buying an additional 14,928 shares in the last quarter. Hauser Brothers GmbH raised its position in shares of United Natural Foods by 0.6% during the third quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock valued at $15,340,000 after buying an additional 5,000 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of United Natural Foods by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 431,971 shares of the company’s stock worth $11,797,000 after buying an additional 4,260 shares in the last quarter. Finally, Principal Financial Group Inc. boosted its position in shares of United Natural Foods by 3.6% during the fourth quarter. Principal Financial Group Inc. now owns 290,485 shares of the company’s stock worth $7,933,000 after acquiring an additional 10,215 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

Shares of United Natural Foods stock opened at $26.15 on Monday. The stock has a market cap of $1.58 billion, a price-to-earnings ratio of -16.65 and a beta of 0.56. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. The stock has a 50 day moving average price of $29.37 and a 200-day moving average price of $24.67. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $34.76.

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

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Roth Mkm boosted their price target on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. The Goldman Sachs Group boosted their target price on United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a research report on Thursday, February 13th. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. BMO Capital Markets upped their price objective on United Natural Foods from $23.00 to $32.00 and gave the stock a “market perform” rating in a report on Wednesday, December 11th. Finally, Wells Fargo & Company raised their target price on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a report on Friday, January 10th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat.com, United Natural Foods has an average rating of “Hold” and an average price target of $27.50.

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.