HPM Partners LLC Acquires New Stake in United Natural Foods Inc (UNFI)
HPM Partners LLC acquired a new position in shares of United Natural Foods Inc (NASDAQ:UNFI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 5,226 shares of the company’s stock, valued at approximately $223,000.
A number of other hedge funds also recently added to or reduced their stakes in UNFI. Dalton Greiner Hartman Maher & Co. purchased a new stake in United Natural Foods during the second quarter worth about $17,459,000. Millennium Management LLC boosted its holdings in United Natural Foods by 1,619.0% during the second quarter. Millennium Management LLC now owns 380,491 shares of the company’s stock worth $16,232,000 after buying an additional 405,539 shares in the last quarter. BlackRock Inc. boosted its holdings in United Natural Foods by 6.1% during the second quarter. BlackRock Inc. now owns 5,888,566 shares of the company’s stock worth $251,204,000 after buying an additional 340,578 shares in the last quarter. Summit Trail Advisors LLC boosted its holdings in United Natural Foods by 3,013.3% during the first quarter. Summit Trail Advisors LLC now owns 144,518 shares of the company’s stock worth $145,000 after buying an additional 139,876 shares in the last quarter. Finally, Federated Investors Inc. PA boosted its holdings in United Natural Foods by 560.0% during the first quarter. Federated Investors Inc. PA now owns 155,101 shares of the company’s stock worth $6,660,000 after buying an additional 131,601 shares in the last quarter.
In related news, Director James P. Heffernan sold 3,820 shares of the company’s stock in a transaction that occurred on Tuesday, October 2nd. The shares were sold at an average price of $29.50, for a total transaction of $112,690.00. Following the completion of the transaction, the director now owns 6,960 shares of the company’s stock, valued at $205,320. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 1.40% of the company’s stock.
United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings data on Thursday, September 20th. The company reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.09). United Natural Foods had a net margin of 1.62% and a return on equity of 8.93%. The firm had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.61 billion. During the same period in the prior year, the firm earned $0.72 EPS. The business’s quarterly revenue was up 10.7% on a year-over-year basis. As a group, sell-side analysts expect that United Natural Foods Inc will post 3.44 earnings per share for the current fiscal year.
Several brokerages have issued reports on UNFI. Zacks Investment Research downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, August 2nd. Northcoast Research downgraded shares of United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday, July 26th. BidaskClub raised shares of United Natural Foods from a “sell” rating to a “hold” rating in a report on Wednesday, July 18th. Loop Capital set a $50.00 price target on shares of United Natural Foods and gave the company a “buy” rating in a report on Friday, September 21st. Finally, BMO Capital Markets set a $28.00 price target on shares of United Natural Foods and gave the company a “hold” rating in a report on Friday, September 21st. Five investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and four have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average price target of $38.98.
About United Natural Foods
United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. It operates through the Wholesale and Other segment. The Wholesale segment distributes nutritional supplements, personal care items and organic products. The Others segment includes the sale other activities of the firm.
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