United Natural Foods (UNFI) Position Reduced by ETRADE Capital Management LLC

ETRADE Capital Management LLC lessened its stake in United Natural Foods (NASDAQ:UNFI) by 6.7% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 18,475 shares of the company’s stock after selling 1,318 shares during the quarter. ETRADE Capital Management LLC’s holdings in United Natural Foods were worth $793,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Jane Street Group LLC increased its holdings in United Natural Foods by 14.3% in the fourth quarter. Jane Street Group LLC now owns 9,091 shares of the company’s stock valued at $448,000 after purchasing an additional 1,135 shares during the last quarter. ING Groep NV increased its holdings in United Natural Foods by 23.7% in the fourth quarter. ING Groep NV now owns 7,668 shares of the company’s stock valued at $378,000 after purchasing an additional 1,469 shares during the last quarter. DekaBank Deutsche Girozentrale increased its holdings in United Natural Foods by 8.1% in the first quarter. DekaBank Deutsche Girozentrale now owns 21,451 shares of the company’s stock valued at $929,000 after purchasing an additional 1,615 shares during the last quarter. Comerica Bank increased its holdings in United Natural Foods by 5.0% in the first quarter. Comerica Bank now owns 42,546 shares of the company’s stock valued at $1,886,000 after purchasing an additional 2,008 shares during the last quarter. Finally, Advisor Group Inc. increased its holdings in United Natural Foods by 41.5% in the fourth quarter. Advisor Group Inc. now owns 7,278 shares of the company’s stock valued at $358,000 after purchasing an additional 2,135 shares during the last quarter.

United Natural Foods opened at $46.64 on Friday, Marketbeat Ratings reports. United Natural Foods has a 1 year low of $29.53 and a 1 year high of $52.69. The company has a quick ratio of 0.90, a current ratio of 2.33 and a debt-to-equity ratio of 0.25. The stock has a market capitalization of $2.35 billion, a price-to-earnings ratio of 18.15, a price-to-earnings-growth ratio of 1.83 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, March 8th. The company reported $0.71 earnings per share for the quarter, topping the consensus estimate of $0.54 by $0.17. The company had revenue of $2.53 billion during the quarter, compared to analysts’ expectations of $2.45 billion. United Natural Foods had a return on equity of 8.49% and a net margin of 1.61%. United Natural Foods’s revenue for the quarter was up 10.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.50 earnings per share. equities research analysts anticipate that United Natural Foods will post 3.1 earnings per share for the current year.

A number of equities research analysts recently commented on the company. BMO Capital Markets set a $57.00 price objective on United Natural Foods and gave the company a “hold” rating in a report on Wednesday, January 24th. Jefferies Group set a $53.00 price objective on United Natural Foods and gave the company a “hold” rating in a report on Friday, March 9th. Pivotal Research set a $34.00 price objective on United Natural Foods and gave the company a “sell” rating in a report on Monday, March 12th. ValuEngine upgraded United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday. Finally, Argus reiterated a “buy” rating and issued a $45.66 price objective (down previously from $56.00) on shares of United Natural Foods in a report on Wednesday, March 14th. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and six have issued a buy rating to the company. United Natural Foods presently has an average rating of “Hold” and an average target price of $44.69.

In other news, CEO Steven Spinner sold 7,500 shares of the company’s stock in a transaction dated Monday, May 14th. The stock was sold at an average price of $45.23, for a total transaction of $339,225.00. Following the completion of the transaction, the chief executive officer now directly owns 100,633 shares of the company’s stock, valued at $4,551,630.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Peter Roy sold 3,990 shares of the company’s stock in a transaction dated Thursday, March 15th. The stock was sold at an average price of $43.95, for a total value of $175,360.50. The disclosure for this sale can be found here. 1.40% of the stock is owned by corporate insiders.

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

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