Oppenheimer Asset Management Inc. Has $3.10 Million Stake in United Natural Foods, Inc. (UNFI)
Oppenheimer Asset Management Inc. lifted its stake in shares of United Natural Foods, Inc. (NASDAQ:UNFI) by 1.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 74,565 shares of the company’s stock after purchasing an additional 1,269 shares during the quarter. Oppenheimer Asset Management Inc. owned 0.15% of United Natural Foods worth $3,102,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Jennison Associates LLC acquired a new stake in United Natural Foods in the second quarter valued at about $716,000. Adirondack Research & Management Inc. acquired a new stake in United Natural Foods in the second quarter valued at about $1,725,000. GAM Holding AG acquired a new stake in United Natural Foods in the second quarter valued at about $1,156,000. Pictet Asset Management Ltd. boosted its stake in United Natural Foods by 22.6% in the third quarter. Pictet Asset Management Ltd. now owns 319,191 shares of the company’s stock valued at $13,275,000 after buying an additional 58,779 shares in the last quarter. Finally, Alliancebernstein L.P. boosted its stake in United Natural Foods by 349.1% in the second quarter. Alliancebernstein L.P. now owns 359,287 shares of the company’s stock valued at $13,186,000 after buying an additional 279,291 shares in the last quarter.
In other news, COO Sean Griffin sold 8,095 shares of the firm’s stock in a transaction dated Friday, September 22nd. The stock was sold at an average price of $43.25, for a total transaction of $350,108.75. Following the completion of the transaction, the chief operating officer now directly owns 6,521 shares in the company, valued at $282,033.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Michael Paul Zechmeister sold 11,500 shares of the firm’s stock in a transaction dated Monday, September 25th. The stock was sold at an average price of $44.06, for a total value of $506,690.00. Following the transaction, the chief financial officer now owns 1,997 shares of the company’s stock, valued at $87,987.82. The disclosure for this sale can be found here. Insiders have sold 61,498 shares of company stock valued at $2,659,539 over the last 90 days. 1.40% of the stock is owned by corporate insiders.
United Natural Foods, Inc. (UNFI) opened at $49.75 on Monday. United Natural Foods, Inc. has a 1 year low of $29.53 and a 1 year high of $52.69. The company has a debt-to-equity ratio of 0.25, a quick ratio of 0.82 and a current ratio of 2.25. The stock has a market capitalization of $2,507.44, a PE ratio of 19.06, a PEG ratio of 3.61 and a beta of 1.46.
United Natural Foods (NASDAQ:UNFI) last issued its quarterly earnings data on Thursday, December 7th. The company reported $0.60 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.60. United Natural Foods had a return on equity of 8.04% and a net margin of 1.39%. The company had revenue of $2.46 billion during the quarter, compared to the consensus estimate of $2.39 billion. During the same period last year, the company earned $0.58 earnings per share. research analysts predict that United Natural Foods, Inc. will post 2.74 EPS for the current fiscal year.
United Natural Foods declared that its Board of Directors has initiated a share buyback program on Friday, October 6th that authorizes the company to buyback $200.00 million in shares. This buyback authorization authorizes the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board of directors believes its shares are undervalued.
Several analysts recently weighed in on the company. BMO Capital Markets set a $54.00 price objective on United Natural Foods and gave the company a “hold” rating in a research note on Saturday. Susquehanna Bancshares set a $49.00 target price on United Natural Foods and gave the company a “hold” rating in a research report on Thursday. Loop Capital set a $56.00 target price on United Natural Foods and gave the company a “buy” rating in a research report on Friday. Oppenheimer reiterated a “hold” rating on shares of United Natural Foods in a research report on Tuesday, December 5th. Finally, BidaskClub upgraded United Natural Foods from a “hold” rating to a “buy” rating in a research report on Saturday, December 2nd. Five investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $43.33.
United Natural Foods 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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