Pekin Singer Strauss Asset Management IL boosted its stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 13.4% during the second quarter, Holdings Channel reports. The firm owned 562,795 shares of the company’s stock after buying an additional 66,360 shares during the period. United Natural Foods accounts for 3.3% of Pekin Singer Strauss Asset Management IL’s holdings, making the stock its 2nd largest position. Pekin Singer Strauss Asset Management IL’s holdings in United Natural Foods were worth $20,655,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. FMR LLC increased its position in shares of United Natural Foods by 34.4% in the first quarter. FMR LLC now owns 7,588,290 shares of the company’s stock valued at $328,042,000 after buying an additional 1,940,736 shares during the last quarter. BlackRock Inc. increased its position in shares of United Natural Foods by 16,599.3% in the first quarter. BlackRock Inc. now owns 5,252,416 shares of the company’s stock valued at $227,062,000 after buying an additional 5,220,963 shares during the last quarter. Vanguard Group Inc. increased its position in shares of United Natural Foods by 5.2% in the first quarter. Vanguard Group Inc. now owns 4,265,216 shares of the company’s stock valued at $184,386,000 after buying an additional 211,300 shares during the last quarter. Dimensional Fund Advisors LP increased its position in shares of United Natural Foods by 23.4% in the first quarter. Dimensional Fund Advisors LP now owns 3,070,520 shares of the company’s stock valued at $132,737,000 after buying an additional 582,345 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of United Natural Foods by 23.9% in the first quarter. Bank of New York Mellon Corp now owns 2,523,258 shares of the company’s stock valued at $109,080,000 after buying an additional 486,874 shares during the last quarter. 98.62% of the stock is currently owned by institutional investors.

United Natural Foods, Inc. (UNFI) opened at 36.24 on Friday. The stock has a 50 day moving average price of $36.55 and a 200 day moving average price of $40.88. United Natural Foods, Inc. has a 52-week low of $29.53 and a 52-week high of $50.15. The company has a market capitalization of $1.83 billion, a price-to-earnings ratio of 14.55 and a beta of 1.39.

United Natural Foods (NASDAQ:UNFI) last posted its earnings results on Tuesday, June 6th. The company reported $0.77 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.76 by $0.01. The company had revenue of $2.37 billion during the quarter, compared to analyst estimates of $2.42 billion. United Natural Foods had a net margin of 1.38% and a return on equity of 8.21%. United Natural Foods’s revenue for the quarter was up 11.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.76 earnings per share. Equities research analysts forecast that United Natural Foods, Inc. will post $2.55 earnings per share for the current year.

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UNFI has been the topic of several recent research reports. BMO Capital Markets set a $38.00 target price on United Natural Foods and gave the stock a “hold” rating in a report on Tuesday, June 27th. Jefferies Group LLC reaffirmed a “hold” rating and set a $38.00 target price (down from $44.00) on shares of United Natural Foods in a report on Sunday, June 25th. Morgan Stanley reaffirmed an “underweight” rating and set a $33.00 target price (down from $36.00) on shares of United Natural Foods in a report on Monday, June 19th. BidaskClub raised United Natural Foods from a “sell” rating to a “hold” rating in a report on Saturday, July 1st. Finally, Citigroup Inc. reaffirmed a “buy” rating and set a $46.00 target price (down from $49.00) on shares of United Natural Foods in a report on Sunday, June 11th. Five analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average price target of $41.47.

About United Natural Foods

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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