Swiss National Bank Sells 14,000 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Swiss National Bank lowered its position in United Natural Foods, Inc. (NYSE:UNFI) by 10.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 115,300 shares of the company’s stock after selling 14,000 shares during the quarter. Swiss National Bank owned about 0.19% of United Natural Foods worth $1,871,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in UNFI. Headlands Technologies LLC bought a new stake in United Natural Foods in the fourth quarter worth about $32,000. EMC Capital Management lifted its stake in shares of United Natural Foods by 17.7% during the 3rd quarter. EMC Capital Management now owns 4,606 shares of the company’s stock worth $65,000 after acquiring an additional 691 shares during the last quarter. Bfsg LLC purchased a new position in United Natural Foods during the 4th quarter valued at $110,000. Quantbot Technologies LP bought a new position in United Natural Foods in the 3rd quarter valued at $118,000. Finally, First Trust Direct Indexing L.P. purchased a new stake in United Natural Foods in the fourth quarter worth $174,000. Institutional investors own 87.63% of the company’s stock.

United Natural Foods Stock Down 1.7 %

NYSE:UNFI opened at $11.82 on Friday. The company has a debt-to-equity ratio of 1.29, a current ratio of 1.53 and a quick ratio of 0.54. United Natural Foods, Inc. has a 1-year low of $8.58 and a 1-year high of $27.76. The company has a 50-day moving average of $10.43 and a 200 day moving average of $13.58. The firm has a market cap of $702.58 million, a PE ratio of -6.06 and a beta of 0.63.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Wednesday, March 6th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.02) by $0.09. The firm had revenue of $7.78 billion during the quarter, compared to analysts’ expectations of $7.87 billion. United Natural Foods had a negative net margin of 0.38% and a positive return on equity of 1.20%. The company’s revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.78 EPS. As a group, research analysts anticipate that United Natural Foods, Inc. will post -0.01 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on the stock. Roth Mkm reissued a “neutral” rating and set a $13.00 target price (down from $15.00) on shares of United Natural Foods in a research note on Thursday, March 7th. StockNews.com downgraded shares of United Natural Foods from a “hold” rating to a “sell” rating in a research note on Thursday, March 14th. Finally, Wells Fargo & Company decreased their price target on shares of United Natural Foods from $15.00 to $12.00 and set an “underweight” rating for the company in a research note on Thursday, March 7th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat.com, United Natural Foods presently has a consensus rating of “Hold” and a consensus price target of $13.40.

Insider Activity

In related news, CAO Richard Eric Esper sold 4,375 shares of the company’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $11.35, for a total transaction of $49,656.25. Following the completion of the sale, the chief accounting officer now directly owns 32,865 shares in the company, valued at approximately $373,017.75. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 2.10% of the company’s stock.

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.