State Treasurer State of Michigan Buys 300 Shares of United Natural Foods, Inc. (UNFI)

State Treasurer State of Michigan raised its position in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 1.5% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 20,900 shares of the company’s stock after buying an additional 300 shares during the period. State Treasurer State of Michigan’s holdings in United Natural Foods were worth $767,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Great West Life Assurance Co. Can increased its position in shares of United Natural Foods by 2.9% in the first quarter. Great West Life Assurance Co. Can now owns 30,495 shares of the company’s stock worth $1,317,000 after buying an additional 853 shares in the last quarter. Wells Fargo & Company MN increased its position in shares of United Natural Foods by 4.7% in the first quarter. Wells Fargo & Company MN now owns 346,753 shares of the company’s stock worth $14,990,000 after buying an additional 15,595 shares in the last quarter. Bridge Creek Capital Management LLC increased its position in shares of United Natural Foods by 0.9% in the first quarter. Bridge Creek Capital Management LLC now owns 45,443 shares of the company’s stock worth $1,965,000 after buying an additional 425 shares in the last quarter. Oregon Public Employees Retirement Fund increased its position in shares of United Natural Foods by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 17,605 shares of the company’s stock worth $761,000 after buying an additional 200 shares in the last quarter. Finally, Breton Hill Capital Ltd. purchased a new position in shares of United Natural Foods during the first quarter worth about $671,000.

United Natural Foods, Inc. (UNFI) traded down 0.06% during mid-day trading on Friday, reaching $35.79. 439,637 shares of the company traded hands. The firm’s 50-day moving average is $36.65 and its 200 day moving average is $40.50. The stock has a market capitalization of $1.81 billion, a PE ratio of 14.37 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 announced its quarterly earnings data on Tuesday, June 6th. The company reported $0.77 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.01. United Natural Foods had a return on equity of 8.21% and a net margin of 1.38%. The firm had revenue of $2.37 billion for the quarter, compared to analysts’ expectations of $2.42 billion. During the same period last year, the business posted $0.76 earnings per share. The firm’s revenue for the quarter was up 11.1% on a year-over-year basis. On average, equities research analysts expect that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.

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UNFI has been the subject of a number of recent research reports. Jefferies Group LLC set a $44.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Friday, May 26th. Citigroup Inc. reiterated a “buy” rating and issued a $49.00 price target (down previously from $54.00) on shares of United Natural Foods in a research note on Saturday, April 22nd. BMO Capital Markets set a $38.00 price target on shares of United Natural Foods and gave the stock a “hold” rating in a research note on Tuesday, June 27th. Stephens initiated coverage on shares of United Natural Foods in a research note on Friday, August 11th. They issued an “equal weight” rating and a $50.00 price target for the company. Finally, Zacks Investment Research upgraded shares of United Natural Foods from a “sell” rating to a “hold” rating in a research note on Thursday, June 8th. Five investment analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. United Natural Foods currently has an average rating of “Hold” and an average price target of $41.57.

United Natural Foods Company 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.

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

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