Bank of New York Mellon Corp lowered its stake in shares of SuperValu Inc. (NYSE:SVU) by 0.8% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 3,847,563 shares of the company’s stock after selling 29,807 shares during the period. Bank of New York Mellon Corp owned about 1.44% of SuperValu worth $12,659,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. First Trust Advisors LP increased its stake in shares of SuperValu by 33.4% during the first quarter. First Trust Advisors LP now owns 256,799 shares of the company’s stock worth $991,000 after purchasing an additional 64,302 shares in the last quarter. Assenagon Asset Management S.A. increased its stake in shares of SuperValu by 840.5% during the second quarter. Assenagon Asset Management S.A. now owns 197,591 shares of the company’s stock worth $650,000 after purchasing an additional 176,581 shares in the last quarter. Mason Street Advisors LLC increased its stake in shares of SuperValu by 7.6% during the first quarter. Mason Street Advisors LLC now owns 62,588 shares of the company’s stock worth $242,000 after purchasing an additional 4,444 shares in the last quarter. Addison Clark Management L.L.C. increased its stake in shares of SuperValu by 52.6% during the first quarter. Addison Clark Management L.L.C. now owns 1,054,644 shares of the company’s stock worth $4,071,000 after purchasing an additional 363,544 shares in the last quarter. Finally, Thrivent Financial For Lutherans increased its stake in shares of SuperValu by 318.8% during the first quarter. Thrivent Financial For Lutherans now owns 597,785 shares of the company’s stock worth $2,307,000 after purchasing an additional 455,040 shares in the last quarter.

SuperValu Inc. (NYSE:SVU) opened at 21.27 on Friday. The firm has a market capitalization of $811.28 million, a price-to-earnings ratio of 1.31 and a beta of 2.11. SuperValu Inc. has a 52-week low of $19.16 and a 52-week high of $38.43. The company’s 50-day moving average is $21.56 and its 200-day moving average is $24.59.

SuperValu (NYSE:SVU) last posted its earnings results on Tuesday, July 25th. The company reported $0.63 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.70 by ($0.07). SuperValu had a net margin of 4.46% and a return on equity of 220.54%. The business had revenue of $4 billion for the quarter, compared to analysts’ expectations of $3.91 billion. During the same quarter last year, the business posted $1.33 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. Equities analysts predict that SuperValu Inc. will post $2.36 earnings per share for the current year.

A number of analysts have recently commented on the stock. Royal Bank Of Canada reissued a “buy” rating and set a $42.00 target price on shares of SuperValu in a research note on Tuesday, May 30th. Pivotal Research restated a “buy” rating and set a $38.50 price target on shares of SuperValu in a research report on Wednesday, July 26th. Deutsche Bank AG restated a “hold” rating and set a $28.00 price target (down from $35.00) on shares of SuperValu in a research report on Wednesday, July 26th. Zacks Investment Research upgraded shares of SuperValu from a “hold” rating to a “buy” rating and set a $28.00 price target on the stock in a research report on Monday, July 31st. Finally, ValuEngine upgraded shares of SuperValu from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 3rd. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $32.67.

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About SuperValu

Supervalu Inc is a wholesale distributor to independent retail customers across the United States. The Company’s segments include Wholesale and Retail. The Company offers a range of advertised brand name and private-label products, including grocery (both perishable and nonperishable), general merchandise and home, health and beauty care, and pharmacy, which are sold through Company-operated and licensed Retail stores to shoppers and through its Wholesale segment to independent retail customers.

Institutional Ownership by Quarter for SuperValu (NYSE:SVU)

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