ProShare Advisors LLC cut its position in United Natural Foods, Inc. (NASDAQ:UNFI) by 19.5% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,327 shares of the company’s stock after selling 2,023 shares during the quarter. ProShare Advisors LLC’s holdings in United Natural Foods were worth $306,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in UNFI. Sei Investments Co. grew its stake in shares of United Natural Foods by 47.2% during the second quarter. Sei Investments Co. now owns 3,622 shares of the company’s stock worth $133,000 after acquiring an additional 1,162 shares during the last quarter. LS Investment Advisors LLC grew its stake in shares of United Natural Foods by 20.5% during the second quarter. LS Investment Advisors LLC now owns 4,171 shares of the company’s stock worth $153,000 after acquiring an additional 711 shares during the last quarter. Riverhead Capital Management LLC grew its stake in shares of United Natural Foods by 80.6% during the second quarter. Riverhead Capital Management LLC now owns 4,695 shares of the company’s stock worth $172,000 after acquiring an additional 2,095 shares during the last quarter. Parametrica Management Ltd purchased a new stake in shares of United Natural Foods during the second quarter worth about $201,000. Finally, First Citizens Bank & Trust Co. purchased a new stake in shares of United Natural Foods during the second quarter worth about $203,000.

United Natural Foods, Inc. (UNFI) opened at 40.21 on Wednesday. The firm has a 50-day moving average price of $38.48 and a 200-day moving average price of $38.93. United Natural Foods, Inc. has a one year low of $29.53 and a one year high of $49.74. The firm has a market capitalization of $2.04 billion, a P/E ratio of 15.71 and a beta of 1.43.

United Natural Foods (NASDAQ:UNFI) last announced its earnings results on Wednesday, September 13th. The company reported $0.72 earnings per share for the quarter, beating the consensus estimate of $0.70 by $0.02. United Natural Foods had a return on equity of 8.10% and a net margin of 1.40%. The company had revenue of $2.34 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same period last year, the business posted $0.70 EPS. The company’s revenue was up 5.7% on a year-over-year basis. Equities analysts anticipate that United Natural Foods, Inc. will post $2.71 earnings per share for the current year.

United Natural Foods declared that its Board of Directors has authorized a stock repurchase plan on Friday, October 6th that authorizes the company to repurchase $200.00 million in outstanding shares. This repurchase authorization authorizes the company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its stock is undervalued.

A number of equities research analysts have recently weighed in on the company. TheStreet upgraded United Natural Foods from a “c” rating to a “b-” rating in a research note on Thursday, October 5th. Zacks Investment Research lowered United Natural Foods from a “hold” rating to a “sell” rating in a research note on Wednesday, August 2nd. Barclays PLC restated a “sell” rating and set a $32.00 price target on shares of United Natural Foods in a research note on Thursday, September 28th. BidaskClub lowered United Natural Foods from a “hold” rating to a “sell” rating in a research note on Friday, August 11th. Finally, Stephens assumed coverage on United Natural Foods in a research note on Friday, August 11th. They set an “equal weight” rating and a $50.00 price target on the stock. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and six have issued a buy rating to the company’s stock. United Natural Foods currently has an average rating of “Hold” and an average price target of $42.41.

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In other United Natural Foods news, Director Bates Ann Torre sold 7,190 shares of United Natural Foods stock in a transaction that occurred on Friday, October 6th. The stock was sold at an average price of $40.16, for a total value of $288,750.40. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director James P. Heffernan sold 2,660 shares of United Natural Foods stock in a transaction that occurred on Tuesday, September 26th. The shares were sold at an average price of $44.28, for a total value of $117,784.80. Following the completion of the transaction, the director now owns 29,724 shares in the company, valued at $1,316,178.72. The disclosure for this sale can be found here. Insiders sold a total of 57,431 shares of company stock worth $2,494,702 over the last quarter. Company insiders own 1.30% of the company’s stock.

United Natural Foods Company Profile

United Natural Foods, Inc is a distributor and retailer of natural, organic and specialty products. The Company’s segments include Wholesale and Other. The Wholesale segment is engaged in the national distribution of natural, organic and specialty foods, produce and related products in the United States and Canada.

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

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