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New York State Common Retirement Fund Decreases Stake in United Natural Foods, Inc. (NYSE:UNFI)

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New York State Common Retirement Fund lowered its position in United Natural Foods, Inc. (NYSE:UNFI) by 16.3% in the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 40,390 shares of the company’s stock after selling 7,871 shares during the quarter. New York State Common Retirement Fund’s holdings in United Natural Foods were worth $1,956,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently made changes to their positions in UNFI. Vanguard Group Inc. grew its holdings in United Natural Foods by 1.8% during the 2nd quarter. Vanguard Group Inc. now owns 6,333,153 shares of the company’s stock valued at $234,200,000 after buying an additional 111,479 shares in the last quarter. State Street Corp grew its holdings in United Natural Foods by 6.1% during the 2nd quarter. State Street Corp now owns 1,939,897 shares of the company’s stock valued at $71,737,000 after buying an additional 110,796 shares in the last quarter. Mackenzie Financial Corp grew its holdings in United Natural Foods by 33.2% during the 2nd quarter. Mackenzie Financial Corp now owns 1,688,234 shares of the company’s stock valued at $62,431,000 after buying an additional 420,440 shares in the last quarter. Invesco Ltd. grew its holdings in United Natural Foods by 28.8% during the 2nd quarter. Invesco Ltd. now owns 1,203,270 shares of the company’s stock valued at $44,497,000 after buying an additional 268,989 shares in the last quarter. Finally, FMR LLC grew its holdings in United Natural Foods by 5.4% during the 2nd quarter. FMR LLC now owns 880,369 shares of the company’s stock valued at $32,556,000 after buying an additional 45,068 shares in the last quarter. 84.31% of the stock is owned by institutional investors.

NYSE:UNFI opened at $45.63 on Wednesday. The stock has a 50 day moving average price of $49.67. The company has a market cap of $2.65 billion, a P/E ratio of 12.20 and a beta of 0.93. United Natural Foods, Inc. has a 1-year low of $16.55 and a 1-year high of $57.89. The company has a quick ratio of 0.55, a current ratio of 1.49 and a debt-to-equity ratio of 1.52.

United Natural Foods (NYSE:UNFI) last released its earnings results on Wednesday, December 8th. The company reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.36. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The company had revenue of $7 billion during the quarter, compared to the consensus estimate of $6.78 billion. During the same quarter in the previous year, the company posted $0.51 EPS. United Natural Foods’s quarterly revenue was up 4.9% compared to the same quarter last year. On average, research analysts anticipate that United Natural Foods, Inc. will post 4.18 EPS for the current fiscal year.

In other United Natural Foods news, CAO Richard Eric Esper sold 6,500 shares of the business’s stock in a transaction that occurred on Thursday, December 16th. The stock was sold at an average price of $49.25, for a total value of $320,125.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael S. Funk sold 20,404 shares of the business’s stock in a transaction that occurred on Monday, December 13th. The shares were sold at an average price of $51.14, for a total value of $1,043,460.56. The disclosure for this sale can be found here. Insiders own 1.20% of the company’s stock.

A number of analysts have recently issued reports on the company. BMO Capital Markets lifted their price target on United Natural Foods from $36.00 to $50.00 and gave the company a “market perform” rating in a research report on Thursday, September 30th. Wells Fargo & Company lifted their price target on United Natural Foods from $30.00 to $40.00 and gave the company an “underweight” rating in a research report on Thursday, December 9th. Jefferies Financial Group reiterated a “hold” rating and set a $47.00 price target on shares of United Natural Foods in a research report on Wednesday, October 13th. UBS Group assumed coverage on United Natural Foods in a research report on Tuesday, December 14th. They set a “buy” rating and a $64.00 price target for the company. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on United Natural Foods from $48.00 to $52.00 and gave the company a “hold” rating in a research report on Thursday, December 9th. One investment analyst has rated the stock with a sell rating, four have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $52.75.

United Natural Foods Profile

United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada.

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