Axa S.A. Invests $282,000 in United Natural Foods, Inc. (NYSE:UNFI)

Axa S.A. acquired a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 10,315 shares of the company’s stock, valued at approximately $282,000.

Several other institutional investors have also bought and sold shares of UNFI. JPMorgan Chase & Co. raised its position in shares of United Natural Foods by 118.1% during the 3rd quarter. JPMorgan Chase & Co. now owns 177,937 shares of the company’s stock worth $2,993,000 after buying an additional 96,341 shares in the last quarter. GAMMA Investing LLC raised its holdings in United Natural Foods by 46.0% during the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company’s stock worth $55,000 after purchasing an additional 639 shares in the last quarter. Ballentine Partners LLC lifted its position in United Natural Foods by 3.5% in the fourth quarter. Ballentine Partners LLC now owns 15,529 shares of the company’s stock worth $424,000 after purchasing an additional 521 shares during the period. SG Americas Securities LLC boosted its stake in United Natural Foods by 66.8% during the 4th quarter. SG Americas Securities LLC now owns 54,316 shares of the company’s stock valued at $1,483,000 after purchasing an additional 21,750 shares in the last quarter. Finally, Brighton Jones LLC acquired a new position in shares of United Natural Foods during the 4th quarter valued at $656,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

Wall Street Analysts Forecast Growth

UNFI has been the subject of several research analyst reports. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price objective for the company in a report on Wednesday, March 12th. StockNews.com upgraded shares of United Natural Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, April 15th. Finally, The Goldman Sachs Group boosted their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $27.50.

United Natural Foods Price Performance

NYSE UNFI opened at $27.65 on Friday. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 1 year low of $10.00 and a 1 year high of $34.76. The company has a market cap of $1.67 billion, a PE ratio of -17.61 and a beta of 1.08. The stock’s 50-day moving average price is $26.02 and its two-hundred day moving average price is $26.58.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. The business had revenue of $8.16 billion during the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter in the prior year, the firm earned $0.07 EPS. The firm’s quarterly revenue was up 4.9% on a year-over-year basis. On average, analysts predict that United Natural Foods, Inc. will post 0.76 EPS for the current year.

About United Natural Foods

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, wellness and personal care items, and bulk and foodservice products.