ING Groep NV bought a new stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) during the second quarter, Holdings Channel reports. The fund bought 6,155 shares of the company’s stock, valued at approximately $226,000.

A number of other institutional investors also recently bought and sold shares of the stock. Flinton Capital Management LLC boosted its position in United Natural Foods by 9.5% in the first quarter. Flinton Capital Management LLC now owns 2,912 shares of the company’s stock valued at $126,000 after buying an additional 252 shares during the last quarter. Neuburgh Advisers LLC boosted its position in United Natural Foods by 9.5% in the first quarter. Neuburgh Advisers LLC now owns 3,536 shares of the company’s stock valued at $153,000 after buying an additional 306 shares during the last quarter. LS Investment Advisors LLC boosted its position in United Natural Foods by 20.5% in the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after buying an additional 711 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in United Natural Foods by 18.3% in the first quarter. Northwestern Mutual Wealth Management Co. now owns 3,550 shares of the company’s stock valued at $154,000 after buying an additional 548 shares during the last quarter. Finally, Parametrica Management Ltd bought a new position in United Natural Foods during the second quarter valued at $201,000. 98.62% of the stock is owned by institutional investors.

United Natural Foods, Inc. (NASDAQ:UNFI) traded down 0.03% during trading on Friday, hitting $36.24. 245,162 shares of the company were exchanged. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.55 and a beta of 1.39. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $50.15. The stock’s 50-day moving average is $36.55 and its 200-day moving average is $40.88.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.76 by $0.01. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. The firm had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. During the same quarter in the prior year, the firm posted $0.76 earnings per share. United Natural Foods’s quarterly revenue was up 11.1% on a year-over-year basis. Equities research analysts anticipate that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.

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A number of brokerages have commented on UNFI. BidaskClub cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Friday. Stephens began coverage on shares of United Natural Foods in a research note on Friday. They issued an “equal weight” rating and a $50.00 price objective for the company. Zacks Investment Research cut shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Royal Bank Of Canada set a $34.00 price objective on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Sunday, July 16th. Finally, Wells Fargo & Company reissued a “hold” rating and issued a $35.00 price objective on shares of United Natural Foods in a research note on Thursday, June 29th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $41.47.

About United Natural Foods

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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

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