SG Americas Securities LLC trimmed its position in United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 88.5% in the third quarter, Holdings Channel.com reports. The institutional investor owned 5,321 shares of the company’s stock after selling 41,058 shares during the period. SG Americas Securities LLC’s holdings in United Natural Foods were worth $200,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also bought and sold shares of UNFI. Thrivent Financial for Lutherans lifted its position in United Natural Foods by 1.1% during the 2nd quarter. Thrivent Financial for Lutherans now owns 44,607 shares of the company’s stock worth $1,040,000 after acquiring an additional 492 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of United Natural Foods by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company’s stock valued at $25,000 after purchasing an additional 505 shares during the last quarter. EverSource Wealth Advisors LLC increased its stake in shares of United Natural Foods by 84.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock worth $31,000 after purchasing an additional 609 shares during the period. KLP Kapitalforvaltning AS lifted its position in shares of United Natural Foods by 6.4% during the 2nd quarter. KLP Kapitalforvaltning AS now owns 13,300 shares of the company’s stock worth $310,000 after purchasing an additional 800 shares during the last quarter. Finally, Creative Planning lifted its position in shares of United Natural Foods by 5.5% during the 2nd quarter. Creative Planning now owns 15,718 shares of the company’s stock worth $366,000 after purchasing an additional 817 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.
United Natural Foods Stock Down 4.1%
Shares of UNFI stock opened at $37.45 on Thursday. The stock has a market cap of $2.28 billion, a P/E ratio of -22.56 and a beta of 0.86. United Natural Foods, Inc. has a one year low of $20.78 and a one year high of $43.29. The stock has a fifty day moving average price of $34.37 and a 200 day moving average price of $33.14. The company has a debt-to-equity ratio of 1.25, a current ratio of 1.38 and a quick ratio of 0.50.
Insider Buying and Selling
In other news, insider Louis Anthony Martin sold 9,439 shares of the stock in a transaction that occurred on Monday, December 22nd. The stock was sold at an average price of $34.67, for a total value of $327,250.13. Following the completion of the transaction, the insider directly owned 81,234 shares of the company’s stock, valued at approximately $2,816,382.78. This represents a 10.41% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director James C. Pappas bought 15,000 shares of the business’s stock in a transaction that occurred on Friday, January 2nd. The shares were bought at an average price of $33.76 per share, with a total value of $506,400.00. Following the transaction, the director directly owned 192,178 shares in the company, valued at $6,487,929.28. This trade represents a 8.47% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 2.40% of the company’s stock.
Analyst Ratings Changes
A number of analysts have issued reports on the company. Wells Fargo & Company lowered their target price on United Natural Foods from $37.00 to $35.00 and set an “equal weight” rating on the stock in a report on Friday, December 19th. Deutsche Bank Aktiengesellschaft set a $40.00 price objective on shares of United Natural Foods in a research note on Thursday, January 8th. BMO Capital Markets reiterated an “outperform” rating on shares of United Natural Foods in a research note on Thursday, December 11th. UBS Group increased their price target on shares of United Natural Foods from $29.00 to $42.00 and gave the company a “buy” rating in a report on Wednesday, October 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a report on Friday, January 9th. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $38.78.
Get Our Latest Research Report on United Natural Foods
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.
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