United Natural Foods, Inc. $UNFI Shares Purchased by Voya Investment Management LLC

Key Points

• Voya Investment Management LLC increased its holdings in United Natural Foods, Inc. by 28.4% during the 1st quarter, owning 46,193 shares now valued at $1,265,000.
• Analysts have recently upgraded the stock, with Zacks Research moving it from a "hold" rating to a "strong-buy" rating.
• United Natural Foods has a current market capitalization of $1.78 billion with a fifty-two week price range of $16.27 to $34.76.

Voya Investment Management LLC boosted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 28.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,193 shares of the company's stock after acquiring an additional 10,231 shares during the period. Voya Investment Management LLC owned 0.08% of United Natural Foods worth $1,265,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Inspire Investing LLC purchased a new stake in United Natural Foods during the 1st quarter valued at about $353,000. Invst LLC purchased a new stake in United Natural Foods during the 1st quarter valued at about $1,470,000. Strs Ohio purchased a new stake in United Natural Foods during the 1st quarter valued at about $764,000. McAdam LLC purchased a new stake in United Natural Foods during the 1st quarter valued at about $281,000. Finally, Intech Investment Management LLC grew its stake in United Natural Foods by 39.4% during the 1st quarter. Intech Investment Management LLC now owns 90,891 shares of the company's stock valued at $2,490,000 after acquiring an additional 25,676 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

NYSE:UNFI opened at $29.47 on Wednesday. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The stock has a market capitalization of $1.78 billion, a P/E ratio of -25.63 and a beta of 0.90. The company has a 50 day moving average price of $27.80 and a 200 day moving average price of $26.47. United Natural Foods, Inc. has a fifty-two week low of $16.27 and a fifty-two week high of $34.76.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Zacks Research raised shares of United Natural Foods from a "hold" rating to a "strong-buy" rating in a research note on Monday, September 15th. Wells Fargo & Company raised shares of United Natural Foods from an "underweight" rating to an "equal weight" rating and increased their price target for the company from $25.00 to $26.00 in a research note on Wednesday, July 16th. BMO Capital Markets dropped their price target on shares of United Natural Foods from $32.00 to $25.00 and set a "market perform" rating for the company in a research note on Thursday, June 12th. The Goldman Sachs Group dropped their price target on shares of 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. Finally, Deutsche Bank Aktiengesellschaft set a $24.00 price target on shares of United Natural Foods and gave the company a "hold" rating in a research note on Thursday, June 12th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and seven have issued a Hold rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $28.13.

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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