Today, Strs Ohio Boosts Position in United Natural Foods Inc. (UNFI)

Today, Strs Ohio Boosts Position in United Natural Foods Inc. (UNFI)
Strs Ohio boosted its stake in shares of United Natural Foods Inc. (NASDAQ:UNFI) by 2.1% during the third quarter, Holdings Channel reports. The institutional investor owned 9,600 shares of the company’s stock after buying an additional 200 shares during the period. Strs Ohio’s holdings in United Natural Foods were worth $384,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the stock. JPMorgan Chase & Co. increased its position in United Natural Foods by 117.5% in the second quarter. JPMorgan Chase & Co. now owns 2,553 shares of the company’s stock valued at $119,000 after buying an additional 1,379 shares in the last quarter. Acrospire Investment Management LLC increased its position in United Natural Foods by 575.0% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock valued at $126,000 after buying an additional 2,300 shares in the last quarter. Integrated Investment Consultants LLC increased its position in United Natural Foods by 11.6% in the third quarter. Integrated Investment Consultants LLC now owns 3,077 shares of the company’s stock valued at $130,000 after buying an additional 321 shares in the last quarter. LS Investment Advisors LLC increased its position in United Natural Foods by 75.9% in the second quarter. LS Investment Advisors LLC now owns 3,062 shares of the company’s stock valued at $143,000 after buying an additional 1,321 shares in the last quarter. Finally, Trust Co. of Vermont increased its position in United Natural Foods by 361.3% in the third quarter. Trust Co. of Vermont now owns 3,575 shares of the company’s stock valued at $143,000 after buying an additional 2,800 shares in the last quarter. Hedge funds and other institutional investors own 98.32% of the company’s stock.

Shares of United Natural Foods Inc. (NASDAQ:UNFI) traded up 0.34% during midday trading on Friday, reaching $47.26. The company’s stock had a trading volume of 228,190 shares. The stock has a market cap of $2.38 billion, a price-to-earnings ratio of 18.90 and a beta of 1.22. The stock has a 50-day moving average price of $43.53 and a 200-day moving average price of $43.59. United Natural Foods Inc. has a 52-week low of $29.75 and a 52-week high of $52.18.

United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings results on Monday, September 12th. The company reported $0.70 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.07. United Natural Foods had a return on equity of 8.85% and a net margin of 1.48%. The firm earned $2.21 billion during the quarter. During the same period last year, the firm earned $0.72 EPS. The company’s revenue for the quarter was up 7.4% on a year-over-year basis. Equities research analysts anticipate that United Natural Foods Inc. will post $2.60 earnings per share for the current fiscal year.

Several research firms have commented on UNFI. BMO Capital Markets set a $45.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, September 13th. Morgan Stanley set a $36.00 target price on United Natural Foods and gave the company a “sell” rating in a research report on Tuesday, September 13th. Deutsche Bank AG set a $43.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Tuesday, September 13th. Royal Bank Of Canada increased their target price on United Natural Foods from $33.00 to $34.00 and gave the company a “sector perform” rating in a research report on Wednesday, September 14th. Finally, Zacks Investment Research downgraded United Natural Foods from a “hold” rating to a “sell” rating in a research report on Thursday, September 15th. Five equities research analysts have rated the stock with a sell rating, fifteen have issued a hold rating and three have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $43.48.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

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