California Public Employees Retirement System Boosts Position in United Natural Foods, Inc. (UNFI)

California Public Employees Retirement System boosted its stake in United Natural Foods, Inc. (NASDAQ:UNFI) by 6.6% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 65,900 shares of the company’s stock after purchasing an additional 4,100 shares during the period. California Public Employees Retirement System owned about 0.13% of United Natural Foods worth $2,419,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of UNFI. BlackRock Inc. increased its holdings in United Natural Foods by 16,599.3% in the 1st quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after purchasing an additional 5,220,963 shares during the last quarter. Kiltearn Partners LLP acquired a new stake in United Natural Foods in the 2nd quarter valued at approximately $74,701,000. Thompson Siegel & Walmsley LLC increased its holdings in United Natural Foods by 161.6% in the 2nd quarter. Thompson Siegel & Walmsley LLC now owns 1,509,167 shares of the company’s stock valued at $55,386,000 after purchasing an additional 932,281 shares during the last quarter. Alliancebernstein L.P. increased its holdings in United Natural Foods by 349.1% in the 2nd quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after purchasing an additional 279,291 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in United Natural Foods by 5.2% in the 1st quarter. Vanguard Group Inc. now owns 4,265,216 shares of the company’s stock valued at $184,386,000 after purchasing an additional 211,300 shares during the last quarter.

Shares of United Natural Foods, Inc. (NASDAQ:UNFI) opened at 38.09 on Tuesday. The stock has a market capitalization of $1.93 billion, a PE ratio of 14.88 and a beta of 1.43. The stock’s 50 day moving average is $40.34 and its 200 day moving average is $38.66. 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 released its quarterly earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.02. The business had revenue of $2.34 billion during the quarter, compared to analyst estimates of $2.36 billion. United Natural Foods had a net margin of 1.40% and a return on equity of 8.10%. The business’s revenue was up 5.7% on a year-over-year basis. During the same period last year, the business earned $0.70 EPS. Equities research analysts expect that United Natural Foods, Inc. will post $2.72 earnings per share for the current fiscal year.

United Natural Foods announced that its board has authorized a share buyback plan on Friday, October 6th that permits the company to buyback $200.00 million in shares. This buyback authorization permits the company to repurchase shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its shares are undervalued.

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Several research firms recently weighed in on UNFI. Zacks Investment Research downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Wednesday, August 2nd. BidaskClub downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a report on Friday, August 11th. Barclays PLC reiterated a “sell” rating and issued a $32.00 target price on shares of United Natural Foods in a report on Thursday, September 28th. Stephens began coverage on shares of United Natural Foods in a report on Friday, August 11th. They issued an “equal weight” rating and a $50.00 target price for the company. Finally, Jefferies Group LLC reiterated a “hold” rating on shares of United Natural Foods in a report on Monday, October 16th. Six equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and six have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus target price of $42.33.

In related news, SVP Joseph J. Traficanti sold 5,800 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $250,850.00. Following the completion of the sale, the senior vice president now directly owns 10,113 shares of the company’s stock, valued at approximately $437,387.25. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Sean Griffin sold 8,095 shares of the firm’s stock in a transaction on Friday, September 22nd. The shares were sold at an average price of $43.25, for a total transaction of $350,108.75. Following the sale, the chief operating officer now directly owns 6,521 shares of the company’s stock, valued at $282,033.25. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 61,498 shares of company stock valued at $2,659,539. Company insiders own 1.30% of the company’s stock.

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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