Northwestern Mutual Wealth Management Co. increased its position in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 39.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 130,250 shares of the company’s stock after purchasing an additional 37,030 shares during the period. Northwestern Mutual Wealth Management Co. owned 0.22% of United Natural Foods worth $5,949,000 at the end of the most recent quarter.
Several other large investors have also recently bought and sold shares of the business. Cullen Frost Bankers Inc. acquired a new stake in United Natural Foods in the fourth quarter valued at $26,000. Global Retirement Partners LLC purchased a new position in shares of United Natural Foods in the 2nd quarter valued at about $26,000. Quarry LP acquired a new stake in shares of United Natural Foods during the 3rd quarter worth about $29,000. Larson Financial Group LLC raised its position in shares of United Natural Foods by 4,266.7% during the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock worth $30,000 after acquiring an additional 768 shares in the last quarter. Finally, International Assets Investment Management LLC purchased a new stake in United Natural Foods during the fourth quarter worth approximately $31,000. Hedge funds and other institutional investors own 87.63% of the company’s stock.
United Natural Foods Trading Down 1.7%
UNFI opened at $43.64 on Friday. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04. United Natural Foods, Inc. has a 52 week low of $27.97 and a 52 week high of $57.02. The business’s 50 day moving average is $47.75 and its two-hundred day moving average is $46.80. The firm has a market cap of $2.64 billion, a price-to-earnings ratio of -66.12 and a beta of 0.80.
Insiders Place Their Bets
In related news, insider Mark Bushway sold 10,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total transaction of $515,600.00. Following the completion of the sale, the insider owned 51,119 shares in the company, valued at $2,635,695.64. This represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 2.40% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
UNFI has been the topic of several recent analyst reports. The Goldman Sachs Group reiterated a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Wall Street Zen downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group upped their target price on shares of United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a report on Wednesday, June 10th. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Finally, Roth Capital reissued a “neutral” rating and issued a $43.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, United Natural Foods currently has a consensus rating of “Hold” and an average target price of $47.86.
Get Our Latest Stock Report on United Natural Foods
United Natural Foods Company Profile
United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.
UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.
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