United Natural Foods, Inc. (UNFI) Position Reduced by SG Americas Securities LLC

SG Americas Securities LLC lessened its holdings in United Natural Foods, Inc. (NASDAQ:UNFI) by 41.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 13,880 shares of the company’s stock after selling 9,744 shares during the quarter. SG Americas Securities LLC’s holdings in United Natural Foods were worth $577,000 at the end of the most recent quarter.

A number of other large investors have also bought and sold shares of UNFI. Jennison Associates LLC acquired a new position in United Natural Foods in the second quarter valued at $716,000. Adirondack Research & Management Inc. acquired a new position in United Natural Foods in the second quarter valued at $1,725,000. GAM Holding AG acquired a new position in United Natural Foods in the second quarter valued at $1,156,000. Pictet Asset Management Ltd. boosted its stake in United Natural Foods by 22.6% in the third quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock valued at $13,275,000 after acquiring an additional 58,779 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in United Natural Foods by 349.1% in the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after acquiring an additional 279,291 shares in the last quarter.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at $49.75 on Friday. United Natural Foods, Inc. has a 12 month low of $29.53 and a 12 month high of $52.69. The firm has a market cap of $2,520.00, a PE ratio of 18.98, a PEG ratio of 3.63 and a beta of 1.46. The company has a current ratio of 2.36, a quick ratio of 0.90 and a debt-to-equity ratio of 0.22.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Thursday, December 7th. The company reported $0.60 earnings per share for the quarter, hitting the consensus estimate of $0.60. United Natural Foods had a net margin of 1.39% and a return on equity of 8.13%. The business had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same quarter in the prior year, the firm earned $0.58 earnings per share. research analysts expect that United Natural Foods, Inc. will post 2.71 EPS for the current fiscal year.

United Natural Foods announced that its Board of Directors has authorized a stock repurchase program on Friday, October 6th that allows the company to buyback $200.00 million in shares. This buyback authorization allows the company to buy shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its shares are undervalued.

Several research firms have issued reports on UNFI. Buckingham Research decreased their price objective on shares of United Natural Foods from $53.00 to $51.00 and set a “buy” rating for the company in a research note on Thursday, September 14th. Wells Fargo & Company restated a “hold” rating and issued a $38.00 price objective on shares of United Natural Foods in a research note on Thursday, September 14th. Royal Bank Of Canada restated an “underperform” rating and issued a $34.00 price objective on shares of United Natural Foods in a research note on Monday, December 4th. Barclays restated a “sell” rating and issued a $32.00 price objective on shares of United Natural Foods in a research note on Thursday, September 28th. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Monday, August 21st. Five research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. United Natural Foods has an average rating of “Hold” and an average target price of $42.56.

In other news, Director James P. Heffernan sold 2,660 shares of the stock in a transaction dated Tuesday, September 26th. The shares were sold at an average price of $44.28, for a total transaction of $117,784.80. Following the completion of the sale, the director now owns 29,724 shares in the company, valued at $1,316,178.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, insider John Michael Hummel sold 1,407 shares of the stock in a transaction dated Thursday, October 12th. The stock was sold at an average price of $40.72, for a total transaction of $57,293.04. The disclosure for this sale can be found here. Insiders have sold 61,498 shares of company stock valued at $2,659,539 in the last quarter. Insiders own 1.40% of the company’s stock.

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About United Natural Foods

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.

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

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