State of New Jersey Common Pension Fund D lifted its stake in shares of United Natural Foods, Inc. (NYSE:UNFI – Get Rating) by 17.8% during the 1st quarter, Holdings Channel reports. The institutional investor owned 66,139 shares of the company’s stock after buying an additional 9,978 shares during the period. State of New Jersey Common Pension Fund D’s holdings in United Natural Foods were worth $2,735,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Jackson Creek Investment Advisors LLC bought a new stake in United Natural Foods during the first quarter worth $1,162,000. Mutual of America Capital Management LLC lifted its holdings in United Natural Foods by 8.7% during the first quarter. Mutual of America Capital Management LLC now owns 8,370 shares of the company’s stock worth $346,000 after acquiring an additional 672 shares during the period. Kiltearn Partners LLP lifted its holdings in United Natural Foods by 4.9% during the first quarter. Kiltearn Partners LLP now owns 3,196,634 shares of the company’s stock worth $132,181,000 after acquiring an additional 149,600 shares during the period. Institute for Wealth Management LLC. bought a new stake in United Natural Foods during the first quarter worth $455,000. Finally, Summit Global Investments bought a new stake in United Natural Foods during the first quarter worth $426,000. Hedge funds and other institutional investors own 81.28% of the company’s stock.
United Natural Foods Stock Performance
NYSE:UNFI opened at $42.51 on Friday. The company has a debt-to-equity ratio of 1.52, a quick ratio of 0.55 and a current ratio of 1.49. United Natural Foods, Inc. has a 52-week low of $31.83 and a 52-week high of $57.89. The firm has a market cap of $2.48 billion, a price-to-earnings ratio of 11.37 and a beta of 1.03. The business’s fifty day moving average is $40.93 and its 200 day moving average is $41.11.
United Natural Foods (NYSE:UNFI – Get Rating) last released its quarterly earnings data on Tuesday, June 7th. The company reported $1.10 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.98 by $0.12. United Natural Foods had a return on equity of 18.64% and a net margin of 0.83%. The company had revenue of $7.24 billion for the quarter, compared to analyst estimates of $7.09 billion. During the same period in the previous year, the company posted $0.94 EPS. The firm’s revenue for the quarter was up 9.2% compared to the same quarter last year. Research analysts predict that United Natural Foods, Inc. will post 4.22 EPS for the current year.
Analyst Ratings Changes
UNFI has been the topic of several research reports. Deutsche Bank Aktiengesellschaft boosted their target price on United Natural Foods from $46.00 to $53.00 and gave the company a “hold” rating in a research note on Wednesday, June 29th. MKM Partners boosted their target price on United Natural Foods from $66.00 to $69.00 and gave the company a “buy” rating in a research note on Wednesday, June 8th. Five analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, United Natural Foods has a consensus rating of “Hold” and an average price target of $52.57.
United Natural Foods 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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.
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