J.W. Cole Advisors Inc. trimmed its stake in United Natural Foods, Inc. (NYSE:UNFI – Get Rating) by 5.6% in the 1st quarter, HoldingsChannel reports. The fund owned 6,880 shares of the company's stock after selling 407 shares during the quarter. J.W. Cole Advisors Inc.'s holdings in United Natural Foods were worth $284,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in the stock. Phocas Financial Corp. bought a new position in shares of United Natural Foods in the 1st quarter worth $5,128,000. The Manufacturers Life Insurance Company raised its position in shares of United Natural Foods by 81.6% in the 1st quarter. The Manufacturers Life Insurance Company now owns 676,358 shares of the company's stock worth $27,967,000 after acquiring an additional 303,984 shares in the last quarter. Point72 Hong Kong Ltd raised its position in shares of United Natural Foods by 115.1% in the 1st quarter. Point72 Hong Kong Ltd now owns 4,566 shares of the company's stock worth $189,000 after acquiring an additional 2,443 shares in the last quarter. Royal Bank of Canada raised its position in shares of United Natural Foods by 23.9% in the 1st quarter. Royal Bank of Canada now owns 20,754 shares of the company's stock worth $858,000 after acquiring an additional 4,003 shares in the last quarter. Finally, Delphia USA Inc. bought a new position in shares of United Natural Foods in the 1st quarter worth $242,000. 88.10% of the stock is owned by institutional investors.
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Shares of NYSE:UNFI opened at $42.44 on Wednesday. The business's 50-day moving average is $44.42 and its 200 day moving average is $42.20. United Natural Foods, Inc. has a 1 year low of $33.63 and a 1 year high of $57.89. The firm has a market capitalization of $2.47 billion, a P/E ratio of 10.30 and a beta of 0.90. The company has a debt-to-equity ratio of 1.35, a current ratio of 1.67 and a quick ratio of 0.59.
Wall Street Analyst Weigh In
Several research analysts have recently commented on the company. MKM Partners boosted their price target on United Natural Foods from $66.00 to $69.00 and gave the stock a "buy" rating in a research report on Wednesday, June 8th. Deutsche Bank Aktiengesellschaft upped their target price on United Natural Foods from $46.00 to $53.00 and gave the company a "hold" rating in a research report on Wednesday, June 29th. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $52.57.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.
Further Reading
- Get a free copy of the StockNews.com research report on United Natural Foods (UNFI)
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