Mitsubishi UFJ Trust & Banking Corp Decreases Stock Holdings in United Natural Foods, Inc. (NYSE:UNFI)

Mitsubishi UFJ Trust & Banking Corp reduced its holdings in shares of United Natural Foods, Inc. (NYSE:UNFIGet Rating) by 30.7% in the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 18,286 shares of the company’s stock after selling 8,095 shares during the period. Mitsubishi UFJ Trust & Banking Corp’s holdings in United Natural Foods were worth $720,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Vanguard Group Inc. boosted its stake in shares of United Natural Foods by 8.6% in the first quarter. Vanguard Group Inc. now owns 7,135,789 shares of the company’s stock valued at $295,064,000 after purchasing an additional 567,961 shares during the period. The Manufacturers Life Insurance Company boosted its stake in shares of United Natural Foods by 81.6% in the first quarter. The Manufacturers Life Insurance Company now owns 676,358 shares of the company’s stock valued at $27,967,000 after purchasing an additional 303,984 shares during the period. BlackRock Inc. boosted its stake in shares of United Natural Foods by 2.7% in the first quarter. BlackRock Inc. now owns 9,056,093 shares of the company’s stock valued at $374,471,000 after purchasing an additional 239,912 shares during the period. Invesco Ltd. boosted its stake in shares of United Natural Foods by 25.5% in the first quarter. Invesco Ltd. now owns 1,107,412 shares of the company’s stock valued at $45,791,000 after purchasing an additional 224,791 shares during the period. Finally, Atwood & Palmer Inc. acquired a new stake in United Natural Foods in the second quarter valued at $8,651,000. 88.10% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms recently issued reports on UNFI. BMO Capital Markets cut their price target on shares of United Natural Foods from $45.00 to $40.00 in a report on Wednesday, September 28th. Wells Fargo & Company cut their price target on shares of United Natural Foods from $45.00 to $40.00 and set an “equal weight” rating on the stock in a report on Wednesday, September 28th. Deutsche Bank Aktiengesellschaft cut their price target on shares of United Natural Foods from $54.00 to $46.00 in a report on Wednesday, September 28th. StockNews.com began coverage on shares of United Natural Foods in a report on Wednesday, October 12th. They issued a “buy” rating on the stock. Finally, MKM Partners cut their price target on shares of United Natural Foods from $69.00 to $63.00 and set a “buy” rating on the stock in a report on Wednesday, September 28th. Four equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.40.

United Natural Foods Stock Up 2.2 %

Shares of NYSE:UNFI opened at $46.80 on Monday. The stock has a market capitalization of $2.73 billion, a price-to-earnings ratio of 11.53 and a beta of 1.05. United Natural Foods, Inc. has a 1-year low of $32.90 and a 1-year high of $57.89. The company’s fifty day moving average is $40.35 and its two-hundred day moving average is $41.78. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.60 and a current ratio of 1.57.

United Natural Foods (NYSE:UNFIGet Rating) last issued its earnings results on Tuesday, September 27th. The company reported $1.27 earnings per share for the quarter, topping analysts’ consensus estimates of $1.24 by $0.03. The company had revenue of $7.27 billion for the quarter, compared to analysts’ expectations of $7.33 billion. United Natural Foods had a net margin of 0.86% and a return on equity of 15.95%. The firm’s revenue was up 8.0% compared to the same quarter last year. During the same period in the prior year, the company earned $1.18 earnings per share. Equities analysts anticipate that United Natural Foods, Inc. will post 4.99 EPS for the current year.

United Natural Foods declared that its Board of Directors has initiated a share buyback plan on Tuesday, September 27th that authorizes the company to repurchase $200.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 9% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, CEO J Alexander Douglas, Jr. acquired 2,932 shares of the company’s stock in a transaction that occurred on Thursday, September 29th. The shares were acquired at an average price of $33.98 per share, with a total value of $99,629.36. Following the acquisition, the chief executive officer now directly owns 56,763 shares in the company, valued at $1,928,806.74. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 1.20% of the company’s stock.

About United Natural Foods

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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, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care items.

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Institutional Ownership by Quarter for United Natural Foods (NYSE:UNFI)

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