Allianz Asset Management GmbH decreased its holdings in shares of United Natural Foods Inc (NASDAQ:UNFI) by 15.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,458 shares of the company’s stock after selling 11,238 shares during the quarter. Allianz Asset Management GmbH owned about 0.11% of United Natural Foods worth $543,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Investors Research Corp boosted its stake in United Natural Foods by 45.3% during the 2nd quarter. Investors Research Corp now owns 3,850 shares of the company’s stock valued at $35,000 after purchasing an additional 1,200 shares during the period. Zions Bancorporation N.A. bought a new stake in shares of United Natural Foods in the 1st quarter worth approximately $51,000. Everence Capital Management Inc. bought a new stake in shares of United Natural Foods in the 2nd quarter worth approximately $94,000. Sciencast Management LP bought a new stake in shares of United Natural Foods in the 2nd quarter worth approximately $104,000. Finally, Stone Ridge Asset Management LLC bought a new stake in shares of United Natural Foods in the 2nd quarter worth approximately $123,000. Hedge funds and other institutional investors own 98.17% of the company’s stock.
United Natural Foods stock opened at $12.03 on Friday. The company has a debt-to-equity ratio of 1.77, a current ratio of 1.59 and a quick ratio of 0.74. The company has a market capitalization of $490.67 million, a PE ratio of 3.87, a price-to-earnings-growth ratio of 0.82 and a beta of 2.15. United Natural Foods Inc has a one year low of $6.75 and a one year high of $34.49. The business has a 50 day simple moving average of $8.58 and a 200 day simple moving average of $10.97.
A number of brokerages have commented on UNFI. BMO Capital Markets downgraded United Natural Foods from a “market perform” rating to an “underperform” rating and reduced their price objective for the stock from $10.00 to $5.00 in a research report on Friday, August 2nd. Zacks Investment Research upgraded United Natural Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, May 21st. Loop Capital reduced their price objective on United Natural Foods to $14.00 and set a “buy” rating for the company in a research report on Wednesday, August 28th. Pivotal Research reiterated a “sell” rating and issued a $6.00 price objective (down previously from $8.00) on shares of United Natural Foods in a research report on Thursday, June 6th. Finally, BidaskClub upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research report on Thursday. Six research analysts have rated the stock with a sell rating, nine have issued a hold rating and three have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $18.05.
About United Natural Foods
United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, and specialty foods and non-food products in the United States and Canada. The company operates through three divisions: Wholesale, Retail, and Manufacturing and Branded Products. The Wholesale division offers grocery and general merchandise, produce, perishables and frozen foods, nutritional supplements and sports nutrition, bulk and foodservice products, and personal care products.
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