Nordea Investment Management AB Sells 1,189 Shares of United Natural Foods, Inc. (NYSE:UNFI)

Posted by on May 13th, 2023

Nordea Investment Management AB cut its stake in shares of United Natural Foods, Inc. (NYSE:UNFI – Get Rating) by 2.2% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 53,585 shares of the company’s stock after selling 1,189 shares during the quarter. Nordea Investment Management AB owned 0.09% of United Natural Foods worth $2,083,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also bought and sold shares of UNFI. DekaBank Deutsche Girozentrale bought a new stake in shares of United Natural Foods in the 3rd quarter worth approximately $25,000. Quadrant Capital Group LLC lifted its holdings in shares of United Natural Foods by 163.9% in the 3rd quarter. Quadrant Capital Group LLC now owns 797 shares of the company’s stock worth $27,000 after acquiring an additional 495 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of United Natural Foods by 95.1% in the 4th quarter. Ronald Blue Trust Inc. now owns 1,504 shares of the company’s stock worth $52,000 after acquiring an additional 733 shares during the last quarter. Wipfli Financial Advisors LLC bought a new stake in shares of United Natural Foods in the 3rd quarter worth approximately $54,000. Finally, Toronto Dominion Bank bought a new stake in shares of United Natural Foods in the 4th quarter worth approximately $89,000. 85.63% of the stock is currently owned by institutional investors.

Insider Transactions at United Natural Foods

In other United Natural Foods news, CEO J Alexander Douglas, Jr. bought 45,168 shares of United Natural Foods stock in a transaction dated Friday, March 24th. The shares were purchased at an average cost of $22.22 per share, with a total value of $1,003,632.96. Following the transaction, the chief executive officer now directly owns 150,936 shares of the company’s stock, valued at $3,353,797.92. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 1.40% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on the stock. Northcoast Research lowered shares of United Natural Foods from a “buy” rating to a “neutral” rating in a report on Friday, March 10th. UBS Group lowered shares of United Natural Foods from a “buy” rating to a “neutral” rating and lowered their price target for the company from $48.00 to $32.00 in a report on Monday, March 13th. The Goldman Sachs Group lowered their price target on shares of United Natural Foods from $43.00 to $30.00 and set a “neutral” rating for the company in a report on Thursday, March 9th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of United Natural Foods from $41.00 to $35.00 and set a “hold” rating for the company in a report on Thursday, March 9th. Finally, TheStreet lowered shares of United Natural Foods from a “b-” rating to a “c+” rating in a report on Thursday, March 30th. Nine equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $35.71.

United Natural Foods Stock Down 0.7 %

NYSE:UNFI opened at $26.80 on Friday. The firm’s 50-day moving average price is $26.36 and its 200-day moving average price is $33.41. The company has a market capitalization of $1.59 billion, a PE ratio of 8.62 and a beta of 1.05. The company has a debt-to-equity ratio of 1.13, a current ratio of 1.56 and a quick ratio of 0.51. United Natural Foods, Inc. has a 1-year low of $22.07 and a 1-year high of $49.56.

United Natural Foods (NYSE:UNFI – Get Rating) last released its earnings results on Wednesday, March 8th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $1.38 by ($0.60). The business had revenue of $7.82 billion during the quarter, compared to analysts’ expectations of $7.77 billion. United Natural Foods had a return on equity of 14.45% and a net margin of 0.64%. The firm’s quarterly revenue was up 5.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.13 earnings per share. On average, equities analysts predict that United Natural Foods, Inc. will post 3.3 EPS for the current fiscal year.

United Natural Foods Profile

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United Natural Foods, Inc engages in the distribution of natural, organic, and specialty foods and non-food products. The firm operates through the following segments: Wholesale and Retail. The Wholesale segment is engaged in the national distribution of natural, organic, specialty, produce, and conventional grocery and non-food products, and providing retail services in the United States and Canada.

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

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