Wells Fargo & Company MN cut its position in shares of United Natural Foods Inc. (NASDAQ:UNFI) by 36.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 316,360 shares of the company’s stock after selling 178,541 shares during the period. Wells Fargo & Company MN owned about 0.63% of United Natural Foods worth $12,668,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. increased its stake in United Natural Foods by 117.5% in the second quarter. JPMorgan Chase & Co. now owns 2,553 shares of the company’s stock worth $119,000 after buying an additional 1,379 shares during the period. Acrospire Investment Management LLC increased its stake in United Natural Foods by 575.0% in the second quarter. Acrospire Investment Management LLC now owns 2,700 shares of the company’s stock worth $126,000 after buying an additional 2,300 shares during the period. LS Investment Advisors LLC increased its stake in United Natural Foods by 75.9% in the second quarter. LS Investment Advisors LLC now owns 3,062 shares of the company’s stock worth $143,000 after buying an additional 1,321 shares during the period. Integrated Investment Consultants LLC increased its stake in United Natural Foods by 11.6% in the third quarter. Integrated Investment Consultants LLC now owns 3,077 shares of the company’s stock worth $130,000 after buying an additional 321 shares during the period. Finally, Advisor Group Inc. bought a new stake in United Natural Foods during the second quarter worth about $149,000. 99.72% of the stock is currently owned by institutional investors and hedge funds.

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

United Natural Foods Inc. (NASDAQ:UNFI) traded down 0.09% during mid-day trading on Tuesday, reaching $46.87. 166,406 shares of the company traded hands. The firm’s 50-day moving average is $43.72 and its 200 day moving average is $43.81. United Natural Foods Inc. has a 52-week low of $29.75 and a 52-week high of $52.18.

United Natural Foods (NASDAQ:UNFI) last posted its quarterly earnings results on Monday, September 12th. The company reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.63 by $0.07. United Natural Foods had a net margin of 1.48% and a return on equity of 8.85%. The firm had revenue of $2.21 billion for the quarter. During the same quarter in the previous year, the business posted $0.72 EPS. The company’s quarterly revenue was up 7.4% on a year-over-year basis. Equities analysts predict that United Natural Foods Inc. will post $2.60 EPS for the current fiscal year.

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UNFI has been the subject of a number of research reports. Jefferies Group set a $45.00 price objective on shares of United Natural Foods and gave the company a “hold” rating in a report on Thursday, September 29th. Royal Bank Of Canada lifted their price objective on shares of United Natural Foods from $33.00 to $34.00 and gave the company a “sector perform” rating in a report on Wednesday, September 14th. Barclays PLC initiated coverage on shares of United Natural Foods in a report on Thursday, September 22nd. They issued an “underweight” rating and a $40.00 price objective for the company. Morgan Stanley set a $36.00 price objective on shares of United Natural Foods and gave the company a “sell” rating in a report on Tuesday, September 13th. Finally, TheStreet cut shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Thursday, September 8th. Five analysts have rated the stock with a sell rating, fifteen have given a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $43.48.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor of natural, organic and specialty foods and non-food products in the United States and Canada. It offers products, in six product categories: grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and food service products and personal care items.

5 Day Chart for NASDAQ:UNFI

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