United Natural Foods, Inc. $UNFI Shares Bought by Knights of Columbus Asset Advisors LLC

Key Points

• Knights of Columbus Asset Advisors LLC increased its stake in United Natural Foods, Inc. by 83.2% in Q2, now owning 67,328 shares valued at approximately $1.57 million.
• The company reported a net loss of ($0.11) EPS for the last quarter, surpassing analysts' expectations of ($0.18) EPS, but revenue fell 5.6% compared to the previous year.
• Analysts have a consensus rating of "Hold" for United Natural Foods, with a target price average of $36.00, influenced by multiple recent upgrades and downgrades.

Knights of Columbus Asset Advisors LLC increased its stake in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 83.2% in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 67,328 shares of the company's stock after buying an additional 30,584 shares during the quarter. Knights of Columbus Asset Advisors LLC owned about 0.11% of United Natural Foods worth $1,569,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the stock. Farther Finance Advisors LLC grew its stake in shares of United Natural Foods by 88.3% in the second quarter. Farther Finance Advisors LLC now owns 1,077 shares of the company's stock valued at $25,000 after buying an additional 505 shares in the last quarter. CWM LLC boosted its holdings in United Natural Foods by 19.5% in the first quarter. CWM LLC now owns 3,229 shares of the company's stock valued at $88,000 after purchasing an additional 526 shares during the last quarter. Federated Hermes Inc. boosted its holdings in United Natural Foods by 1.0% in the first quarter. Federated Hermes Inc. now owns 66,035 shares of the company's stock valued at $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 valued at $27,000 after purchasing an additional 920 shares during the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in United Natural Foods by 5.1% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company's stock valued at $962,000 after purchasing an additional 1,703 shares during the last quarter. Institutional investors and hedge funds own 87.63% of the company's stock.

Insider Activity at United Natural Foods

In other news, insider Danielle Benedict sold 11,655 shares of the firm's stock in a transaction on Tuesday, September 30th. The stock was sold at an average price of $35.31, for a total value of $411,538.05. Following the completion of the sale, the insider owned 89,544 shares of the company's stock, valued at $3,161,798.64. This trade represents a 11.52% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 2.10% of the stock is currently owned by company insiders.

United Natural Foods Stock Up 2.0%

UNFI opened at $41.35 on Tuesday. United Natural Foods, Inc. has a 12 month low of $18.81 and a 12 month high of $41.90. The company has a debt-to-equity ratio of 1.20, a current ratio of 1.32 and a quick ratio of 0.51. The stock has a market cap of $2.51 billion, a P/E ratio of -21.21 and a beta of 0.88. The stock's 50 day moving average price is $29.30 and its 200 day moving average price is $27.08.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its earnings results on Tuesday, September 30th. The company reported ($0.11) EPS for the quarter, beating the consensus estimate of ($0.18) by $0.07. The firm had revenue of $7.70 billion for the quarter, compared to analysts' expectations of $7.61 billion. United Natural Foods had a positive return on equity of 2.74% and a negative net margin of 0.37%.The firm's revenue was down 5.6% compared to the same quarter last year. During the same period last year, the firm earned $0.01 EPS. As a group, research analysts predict that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analysts Set New Price Targets

UNFI has been the subject of a number of analyst reports. Weiss Ratings reissued a "sell (e+)" rating on shares of United Natural Foods in a report on Saturday, September 27th. Zacks Research raised United Natural Foods from a "hold" rating to a "strong-buy" rating in a report on Monday, September 15th. Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the stock a "hold" rating in a report on Thursday, June 12th. Jefferies Financial Group increased their target price on United Natural Foods from $27.00 to $40.00 and gave the stock a "hold" rating in a report on Wednesday, October 1st. Finally, Northcoast Research raised United Natural Foods from a "neutral" rating to a "buy" rating and set a $36.00 target price on the stock in a report on Tuesday, July 22nd. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, eight have issued a Hold rating and one has given a Sell rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $36.00.

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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