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

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

Other large investors have also recently bought and sold shares of the company. Covestor Ltd grew its holdings in shares of United Natural Foods by 36.4% during the fourth quarter. Covestor Ltd now owns 3,066 shares of the company's stock worth $84,000 after purchasing an additional 819 shares during the last quarter. Yousif Capital Management LLC grew its holdings in shares of United Natural Foods by 2.7% during the fourth quarter. Yousif Capital Management LLC now owns 31,951 shares of the company's stock worth $873,000 after purchasing an additional 834 shares during the last quarter. Hazlett Burt & Watson Inc. purchased a new position in shares of United Natural Foods during the fourth quarter worth about $27,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in shares of United Natural Foods by 3.9% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 33,414 shares of the company's stock worth $913,000 after purchasing an additional 1,245 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd purchased a new position in shares of United Natural Foods during the fourth quarter worth about $37,000. Hedge funds and other institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of NYSE UNFI traded up $1.09 during midday trading on Tuesday, reaching $30.43. 446,330 shares of the company were exchanged, compared to its average volume of 697,832. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. United Natural Foods, Inc. has a 1 year low of $11.46 and a 1 year high of $34.76. The stock has a fifty day simple moving average of $26.69 and a 200 day simple moving average of $27.30. The stock has a market cap of $1.84 billion, a P/E ratio of -19.38 and a beta of 1.08.

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

Analyst Ratings Changes

Several equities analysts have issued reports on UNFI shares. Wall Street Zen raised United Natural Foods from a "hold" rating to a "buy" rating in a report on Tuesday, April 15th. CL King raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $33.00 price target on the stock in a report on Wednesday, March 12th. Finally, The Goldman Sachs Group raised their price target on 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. According to data from MarketBeat, United Natural Foods currently has a consensus rating of "Hold" and an average 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.