Ameriprise Financial Inc. Sells 57,359 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Ameriprise Financial Inc. lowered its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 27.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 150,404 shares of the company's stock after selling 57,359 shares during the quarter. Ameriprise Financial Inc. owned about 0.25% of United Natural Foods worth $4,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Virtu Financial LLC acquired a new position in United Natural Foods in the 4th quarter valued at $324,000. Amundi grew its stake in United Natural Foods by 368.8% in the 4th quarter. Amundi now owns 62,830 shares of the company's stock valued at $1,813,000 after buying an additional 49,427 shares during the last quarter. Brighton Jones LLC acquired a new position in United Natural Foods in the 4th quarter valued at $656,000. Adero Partners LLC acquired a new position in United Natural Foods in the 4th quarter valued at $243,000. Finally, Bailard Inc. acquired a new position in United Natural Foods in the 4th quarter valued at $331,000. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

NYSE UNFI traded up $0.04 during midday trading on Wednesday, hitting $30.50. The company had a trading volume of 382,219 shares, compared to its average volume of 696,575. The company has a quick ratio of 0.53, a current ratio of 1.48 and a debt-to-equity ratio of 1.39. The stock has a market cap of $1.85 billion, a price-to-earnings ratio of -19.43 and a beta of 1.08. The firm has a fifty day simple moving average of $26.77 and a two-hundred day simple moving average of $27.32. United Natural Foods, Inc. has a fifty-two week low of $11.46 and a fifty-two week high of $34.76.

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

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. CL King upgraded shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 target price on the stock in a research note on Wednesday, March 12th. The Goldman Sachs Group raised their target price on shares of United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a research note on Thursday, February 13th. Finally, Wall Street Zen upgraded shares of United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. One analyst has rated the stock with a sell rating, five have given a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Profile

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.