Alliancebernstein L.P. Has $2.62 Million Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Alliancebernstein L.P. increased its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 2.1% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 79,503 shares of the company’s stock after purchasing an additional 1,660 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of United Natural Foods worth $2,619,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. grew its stake in shares of United Natural Foods by 4.5% in the 4th quarter. BlackRock Inc. now owns 8,621,444 shares of the company’s stock valued at $137,685,000 after purchasing an additional 374,025 shares during the period. Prentice Capital Management LP bought a new stake in shares of United Natural Foods in the 4th quarter valued at approximately $23,961,000. Nuveen Asset Management LLC grew its stake in shares of United Natural Foods by 5.2% in the 4th quarter. Nuveen Asset Management LLC now owns 772,617 shares of the company’s stock valued at $12,339,000 after purchasing an additional 37,918 shares during the period. Great Lakes Advisors LLC grew its stake in shares of United Natural Foods by 8.5% in the 1st quarter. Great Lakes Advisors LLC now owns 749,745 shares of the company’s stock valued at $24,697,000 after purchasing an additional 58,985 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in shares of United Natural Foods by 14.2% in the 4th quarter. Bank of New York Mellon Corp now owns 709,499 shares of the company’s stock valued at $11,330,000 after purchasing an additional 87,980 shares during the period. Hedge funds and other institutional investors own 84.77% of the company’s stock.

Several equities research analysts have recently weighed in on UNFI shares. BMO Capital Markets upped their price objective on United Natural Foods from $20.00 to $33.00 and gave the company a “market perform” rating in a research note on Thursday, March 11th. Zacks Investment Research upgraded United Natural Foods from a “hold” rating to a “buy” rating and set a $44.00 price target on the stock in a research report on Thursday, June 3rd. Deutsche Bank Aktiengesellschaft increased their price target on United Natural Foods from $20.00 to $33.00 and gave the stock a “hold” rating in a research report on Thursday, March 11th. TheStreet upgraded United Natural Foods from a “c” rating to a “b-” rating in a research report on Thursday, March 11th. Finally, Seaport Global Securities began coverage on United Natural Foods in a research report on Friday, February 19th. They set a “neutral” rating on the stock. Two analysts have rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. The company presently has an average rating of “Hold” and an average price target of $27.89.

In related news, COO Eric A. Dorne sold 10,757 shares of the firm’s stock in a transaction on Wednesday, June 2nd. The stock was sold at an average price of $40.00, for a total transaction of $430,280.00. Following the sale, the chief operating officer now owns 14,008 shares of the company’s stock, valued at approximately $560,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Steven Spinner sold 109,643 shares of the firm’s stock in a transaction on Monday, May 17th. The stock was sold at an average price of $38.63, for a total value of $4,235,509.09. Following the sale, the chief executive officer now directly owns 168,875 shares in the company, valued at approximately $6,523,641.25. The disclosure for this sale can be found here. In the last three months, insiders sold 269,423 shares of company stock worth $10,234,213. 2.00% of the stock is currently owned by company insiders.

NYSE:UNFI opened at $34.71 on Friday. The stock’s fifty day moving average price is $36.26. United Natural Foods, Inc. has a 52-week low of $14.23 and a 52-week high of $42.40. The company has a debt-to-equity ratio of 2.04, a quick ratio of 0.62 and a current ratio of 1.59. The firm has a market cap of $1.95 billion, a P/E ratio of 10.00 and a beta of 1.28.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings results on Tuesday, June 8th. The company reported $0.94 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.88 by $0.06. The company had revenue of $6.62 billion for the quarter, compared to the consensus estimate of $6.81 billion. United Natural Foods had a return on equity of 20.33% and a net margin of 0.74%. The firm’s quarterly revenue was down 5.9% on a year-over-year basis. During the same quarter in the prior year, the business posted $1.40 EPS. Analysts forecast that United Natural Foods, Inc. will post 3.51 EPS for the current fiscal year.

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

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