Millennium Management LLC Sells 164,646 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Millennium Management LLC decreased its stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 43.9% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 210,561 shares of the company's stock after selling 164,646 shares during the period. Millennium Management LLC owned 0.35% of United Natural Foods worth $5,750,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in 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 valued at $913,000 after buying an additional 1,245 shares during the period. Lazard Asset Management LLC purchased a new stake in United Natural Foods during the fourth quarter valued at about $112,000. Gotham Asset Management LLC bought a new position in United Natural Foods during the 4th quarter worth approximately $1,251,000. Graham Capital Management L.P. purchased a new position in United Natural Foods in the 4th quarter worth approximately $1,082,000. Finally, Deutsche Bank AG increased its stake in United Natural Foods by 17.5% in the 4th quarter. Deutsche Bank AG now owns 113,905 shares of the company's stock worth $3,111,000 after purchasing an additional 16,946 shares during the period. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

UNFI stock traded down $0.35 during trading on Friday, reaching $30.55. The stock had a trading volume of 918,714 shares, compared to its average volume of 698,209. The firm has a market cap of $1.85 billion, a PE ratio of -19.46 and a beta of 1.08. The company has a current ratio of 1.48, a quick ratio of 0.53 and a debt-to-equity ratio of 1.39. The stock's 50 day moving average is $26.93 and its two-hundred day moving average is $27.41. United Natural Foods, Inc. has a 52 week low of $11.53 and a 52 week high of $34.76.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 company had revenue of $8.16 billion for the quarter, compared to the consensus estimate of $7.96 billion. During the same quarter last year, the firm posted $0.07 earnings per share. The firm's revenue was up 4.9% compared to the same quarter last year. As a group, equities analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on UNFI. 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 report on Wednesday, March 12th. The Goldman Sachs Group raised their price target 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. Finally, Wall Street Zen raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research note on Tuesday, April 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average 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.