Man Group plc Takes $829,000 Position in United Natural Foods, Inc. (NYSE:UNFI)

Man Group plc purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 30,370 shares of the company's stock, valued at approximately $829,000. Man Group plc owned 0.05% of United Natural Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently modified their holdings of UNFI. Hazlett Burt & Watson Inc. acquired a new position in shares of United Natural Foods during the fourth quarter valued at $27,000. Harvest Fund Management Co. Ltd acquired a new stake in United Natural Foods in the fourth quarter worth about $37,000. Aquatic Capital Management LLC acquired a new stake in United Natural Foods in the fourth quarter worth about $47,000. Sterling Capital Management LLC lifted its holdings in United Natural Foods by 796.2% in the fourth quarter. Sterling Capital Management LLC now owns 1,882 shares of the company's stock worth $51,000 after purchasing an additional 1,672 shares during the period. Finally, Smartleaf Asset Management LLC lifted its holdings in United Natural Foods by 186.7% in the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock worth $65,000 after purchasing an additional 1,557 shares during the period. Institutional investors and hedge funds own 87.63% of the company's stock.

United Natural Foods Price Performance

United Natural Foods stock traded down $0.08 during midday trading on Thursday, hitting $30.34. The company's stock had a trading volume of 75,065 shares, compared to its average volume of 694,978. 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's 50-day moving average price is $26.86 and its 200-day moving average price is $27.35. United Natural Foods, Inc. has a 12 month low of $11.46 and a 12 month high of $34.76. The company has a market capitalization of $1.84 billion, a PE ratio of -19.30 and a beta of 1.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, March 11th. The company reported $0.22 EPS for the quarter, topping 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 firm had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 billion. During the same period in the previous year, the business earned $0.07 earnings per share. United Natural Foods's revenue for the quarter was up 4.9% compared to the same quarter last year. Analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

UNFI has been the subject of several research analyst reports. Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. CL King raised shares of United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price objective for the company in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group upped their price objective on shares of United Natural Foods from $25.00 to $28.00 and gave the stock a "neutral" rating in a report on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $27.50.

United Natural Foods Company 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.