American International Group Inc. lifted its position in United Natural Foods Inc (NYSE:UNFI) by 3.2% in the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 37,831 shares of the company’s stock after purchasing an additional 1,156 shares during the period. American International Group Inc. owned 0.07% of United Natural Foods worth $689,000 at the end of the most recent quarter.
Several other hedge funds have also modified their holdings of UNFI. First Trust Advisors LP raised its holdings in shares of United Natural Foods by 119.4% in the 1st quarter. First Trust Advisors LP now owns 200,940 shares of the company’s stock valued at $2,656,000 after purchasing an additional 109,348 shares in the last quarter. Amundi Pioneer Asset Management Inc. increased its holdings in shares of United Natural Foods by 170.6% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 13,800 shares of the company’s stock worth $182,000 after acquiring an additional 8,700 shares during the period. Comerica Bank boosted its position in shares of United Natural Foods by 10.0% during the 1st quarter. Comerica Bank now owns 54,548 shares of the company’s stock valued at $653,000 after purchasing an additional 4,960 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of United Natural Foods by 56.2% in the first quarter. SG Americas Securities LLC now owns 28,435 shares of the company’s stock worth $261,000 after purchasing an additional 10,228 shares in the last quarter. Finally, Victory Capital Management Inc. raised its position in shares of United Natural Foods by 200.8% in the first quarter. Victory Capital Management Inc. now owns 145,601 shares of the company’s stock valued at $1,337,000 after purchasing an additional 97,192 shares during the period. 82.47% of the stock is currently owned by institutional investors and hedge funds.
Several brokerages recently issued reports on UNFI. TheStreet upgraded United Natural Foods from a “d+” rating to a “c-” rating in a research report on Wednesday, June 10th. BTIG Research started coverage on United Natural Foods in a research report on Thursday, July 16th. They set a “neutral” rating on the stock. Barclays boosted their price objective on United Natural Foods from $12.00 to $17.00 and gave the company an “equal weight” rating in a research note on Thursday, June 11th. Deutsche Bank upped their price objective on United Natural Foods from $7.00 to $22.00 and gave the stock a “hold” rating in a report on Monday, June 15th. Finally, Oppenheimer began coverage on United Natural Foods in a research note on Tuesday, June 16th. They set a “hold” rating on the stock. Three equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, two have given a buy rating and one has given a strong buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $16.17.
NYSE:UNFI opened at $17.08 on Wednesday. United Natural Foods Inc has a twelve month low of $5.00 and a twelve month high of $23.38. The business has a 50 day moving average price of $19.20 and a two-hundred day moving average price of $15.34. The company has a quick ratio of 0.69, a current ratio of 1.50 and a debt-to-equity ratio of 2.30. The company has a market cap of $915.80 million, a P/E ratio of -2.93 and a beta of 1.43.
United Natural Foods Company Profile
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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