Mitsubishi UFJ Trust & Banking Corp Has $2.44 Million Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 5.7% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 89,378 shares of the company’s stock after selling 5,426 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in United Natural Foods were worth $2,441,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in UNFI. State Street Corp boosted its holdings in United Natural Foods by 1.5% during the third quarter. State Street Corp now owns 2,383,733 shares of the company’s stock worth $40,094,000 after purchasing an additional 34,522 shares during the last quarter. American Century Companies Inc. boosted its stake in shares of United Natural Foods by 28.1% during the 4th quarter. American Century Companies Inc. now owns 2,018,248 shares of the company’s stock worth $55,118,000 after buying an additional 442,574 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of United Natural Foods by 1.1% during the 3rd quarter. Geode Capital Management LLC now owns 1,358,340 shares of the company’s stock worth $22,852,000 after buying an additional 14,928 shares during the last quarter. Hauser Brothers GmbH grew its holdings in shares of United Natural Foods by 0.6% in the 3rd quarter. Hauser Brothers GmbH now owns 912,034 shares of the company’s stock valued at $15,340,000 after acquiring an additional 5,000 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of United Natural Foods by 1.0% in the fourth quarter. Bank of New York Mellon Corp now owns 431,971 shares of the company’s stock valued at $11,797,000 after acquiring an additional 4,260 shares during the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on UNFI. CL King upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $33.00 price target for the company in a research note on Wednesday, March 12th. BMO Capital Markets raised their target price on shares of United Natural Foods from $23.00 to $32.00 and gave the company a “market perform” rating in a research note on Wednesday, December 11th. Guggenheim restated a “neutral” rating on shares of United Natural Foods in a report on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an “underweight” rating in a research note on Friday, January 10th. Finally, Roth Mkm boosted their price objective on shares of United Natural Foods from $20.00 to $26.00 and gave the stock a “neutral” rating in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $27.50.

United Natural Foods Price Performance

NYSE:UNFI opened at $27.38 on Tuesday. The company has a market cap of $1.66 billion, a P/E ratio of -17.44 and a beta of 0.56. The firm’s fifty day moving average price is $29.24 and its two-hundred day moving average price is $25.19. United Natural Foods, Inc. has a one year low of $8.58 and a one year high of $34.76. The company has a debt-to-equity ratio of 1.39, a current ratio of 1.48 and a quick ratio of 0.53.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.18 by $0.04. The business had revenue of $8.16 billion for the quarter, compared to analyst estimates of $7.96 billion. United Natural Foods had a negative net margin of 0.30% and a positive return on equity of 1.27%. United Natural Foods’s quarterly revenue was up 4.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.07 EPS. Equities analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

About United Natural Foods

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.