United Natural Foods, Inc. $UNFI Position Lowered by Acadian Asset Management LLC

Key Points

• Acadian Asset Management LLC has reduced its position in United Natural Foods, Inc. by 41.7%, selling 80,710 shares, which leaves them with 112,847 shares valued at approximately $3,087,000.
• Institutional investors and hedge funds control 87.63% of the company's shares, indicating strong institutional interest in United Natural Foods.
• Analysts have varied opinions on UNFI's stock, with ratings ranging from "buy" to "hold" and an average price target of $28.13, reflecting mixed expectations for the company's future performance.

Acadian Asset Management LLC trimmed its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 41.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 112,847 shares of the company's stock after selling 80,710 shares during the period. Acadian Asset Management LLC owned 0.19% of United Natural Foods worth $3,087,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of UNFI. CWM LLC grew its position in shares of United Natural Foods by 19.5% in the 1st quarter. CWM LLC now owns 3,229 shares of the company's stock worth $88,000 after acquiring an additional 526 shares in the last quarter. Federated Hermes Inc. lifted its stake in United Natural Foods by 1.0% during the first quarter. Federated Hermes Inc. now owns 66,035 shares of the company's stock worth $1,809,000 after purchasing an additional 653 shares during the last quarter. Caitong International Asset Management Co. Ltd boosted its holdings in United Natural Foods by 1,672.7% in the first quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company's stock worth $27,000 after purchasing an additional 920 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased 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 purchasing an additional 1,245 shares during the last quarter. Finally, Diversified Trust Co increased its stake in United Natural Foods by 4.2% during the first quarter. Diversified Trust Co now owns 53,209 shares of the company's stock valued at $1,457,000 after purchasing an additional 2,124 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

Analyst Upgrades and Downgrades

UNFI has been the subject of several research reports. Wells Fargo & Company raised shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and lifted their price target for the company from $25.00 to $26.00 in a report on Wednesday, July 16th. Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. Northcoast Research upgraded United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 price target on the stock in a research report on Tuesday, July 22nd. UBS Group boosted their price objective on United Natural Foods from $26.00 to $29.00 and gave the company a "neutral" rating in a research report on Thursday, July 17th. Finally, The Goldman Sachs Group lowered their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Thursday, June 12th. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat, United Natural Foods currently has a consensus rating of "Hold" and an average price target of $28.13.

United Natural Foods Stock Down 4.0%

UNFI stock opened at $28.02 on Tuesday. The company's 50 day simple moving average is $27.04 and its 200-day simple moving average is $26.39. United Natural Foods, Inc. has a 52-week low of $15.01 and a 52-week high of $34.76. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. The firm has a market capitalization of $1.70 billion, a P/E ratio of -24.37 and a beta of 0.90.

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.

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