United Natural Foods, Inc. (UNFI) Shares Bought by Alliancebernstein L.P.

Alliancebernstein L.P. lifted its holdings in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 349.1% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 359,287 shares of the company’s stock after purchasing an additional 279,291 shares during the period. Alliancebernstein L.P. owned 0.71% of United Natural Foods worth $13,186,000 at the end of the most recent reporting period.

Other institutional investors have also made changes to their positions in the company. Sei Investments Co. boosted its position in shares of United Natural Foods by 47.2% during the 2nd quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock valued at $133,000 after purchasing an additional 1,162 shares in the last quarter. LS Investment Advisors LLC boosted its position in shares of United Natural Foods by 20.5% during the 2nd quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock valued at $153,000 after purchasing an additional 711 shares in the last quarter. Parametrica Management Ltd bought a new stake in shares of United Natural Foods during the 2nd quarter valued at about $201,000. First Citizens Bank & Trust Co. bought a new stake in shares of United Natural Foods during the 2nd quarter valued at about $203,000. Finally, ING Groep NV bought a new stake in shares of United Natural Foods during the 2nd quarter valued at about $226,000.

Shares of United Natural Foods, Inc. (UNFI) opened at 43.03 on Monday. The stock has a 50 day moving average price of $36.25 and a 200 day moving average price of $39.08. The stock has a market capitalization of $2.18 billion, a P/E ratio of 16.81 and a beta of 1.39. United Natural Foods, Inc. has a 52 week low of $29.53 and a 52 week high of $49.74.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 EPS for the quarter, topping analysts’ consensus estimates of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The firm had revenue of $2.34 billion for the quarter, compared to analysts’ expectations of $2.36 billion. During the same period in the previous year, the firm posted $0.70 EPS. The business’s revenue for the quarter was up 5.7% compared to the same quarter last year. On average, equities research analysts expect that United Natural Foods, Inc. will post $2.71 EPS for the current year.

UNFI has been the topic of several research analyst reports. Royal Bank Of Canada restated a “hold” rating and set a $34.00 target price on shares of United Natural Foods in a research report on Wednesday, May 31st. ValuEngine lowered United Natural Foods from a “buy” rating to a “hold” rating in a research report on Friday, June 2nd. Deutsche Bank AG cut their target price on United Natural Foods from $46.00 to $43.00 and set a “hold” rating on the stock in a research report on Wednesday, June 7th. Pivotal Research restated a “sell” rating on shares of United Natural Foods in a research report on Wednesday, June 7th. Finally, BMO Capital Markets set a $45.00 price target on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, June 6th. Five investment analysts have rated the stock with a sell rating, eleven have given a hold rating and four have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $42.69.

WARNING: This piece of content was originally published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are reading this piece of content on another publication, it was illegally stolen and republished in violation of US and international copyright law. The correct version of this piece of content can be viewed at https://ledgergazette.com/2017/09/25/united-natural-foods-inc-unfi-shares-bought-by-alliancebernstein-l-p.html.

United Natural Foods Profile

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.

Want to see what other hedge funds are holding UNFI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Natural Foods, Inc. (NASDAQ:UNFI).

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

Receive News & Ratings for United Natural Foods Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Natural Foods Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply