Invesco Ltd. Cuts Stock Position in United Natural Foods, Inc. (NYSE:UNFI)

Invesco Ltd. cut its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 22.1% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 2,255,886 shares of the company's stock after selling 638,907 shares during the period. Invesco Ltd. owned 3.76% of United Natural Foods worth $61,608,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Versant Capital Management Inc raised its holdings in United Natural Foods by 66.5% in the 4th quarter. Versant Capital Management Inc now owns 931 shares of the company's stock worth $25,000 after purchasing an additional 372 shares in the last quarter. Hazlett Burt & Watson Inc. bought a new position in shares of United Natural Foods in the 4th quarter worth approximately $27,000. Harvest Fund Management Co. Ltd bought a new stake in shares of United Natural Foods during the fourth quarter valued at approximately $37,000. GAMMA Investing LLC grew its stake in United Natural Foods by 46.0% in the fourth quarter. GAMMA Investing LLC now owns 2,027 shares of the company's stock worth $55,000 after purchasing an additional 639 shares during the period. Finally, Smartleaf Asset Management LLC lifted its position in United Natural Foods by 186.7% during the fourth quarter. Smartleaf Asset Management LLC now owns 2,391 shares of the company's stock valued at $65,000 after buying an additional 1,557 shares during the period. Institutional investors own 87.63% of the company's stock.

United Natural Foods Stock Performance

Shares of UNFI stock traded up $0.40 on Friday, reaching $24.63. The stock had a trading volume of 698,951 shares, compared to its average volume of 706,300. The stock has a market cap of $1.49 billion, a P/E ratio of -15.69 and a beta of 1.08. The company has a debt-to-equity ratio of 1.39, a quick ratio of 0.53 and a current ratio of 1.48. United Natural Foods, Inc. has a 1 year low of $8.58 and a 1 year high of $34.76. The company has a 50 day simple moving average of $27.73 and a 200 day simple moving average of $25.92.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, March 11th. The company reported $0.22 earnings per share for the quarter, topping the consensus estimate 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 firm had revenue of $8.16 billion for the quarter, compared to analysts' expectations of $7.96 billion. During the same quarter in the prior year, the business earned $0.07 EPS. The business's quarterly revenue was up 4.9% on a year-over-year basis. Equities research analysts expect that United Natural Foods, Inc. will post 0.76 EPS for the current year.

Analyst Ratings Changes

A number of brokerages recently issued reports on UNFI. Wells Fargo & Company lifted their price target on shares of United Natural Foods from $23.00 to $25.00 and gave the company an "underweight" rating in a research report on Friday, January 10th. The Goldman Sachs Group raised their price target on United Natural Foods from $25.00 to $28.00 and gave the company a "neutral" rating in a report on Thursday, February 13th. StockNews.com raised shares of United Natural Foods from a "hold" rating to a "buy" rating in a research report on Tuesday. Finally, 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 research note on Wednesday, March 12th. One 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. According to MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $27.50.

About United Natural Foods

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.