Bank of Montreal Can lessened its position in shares of United Natural Foods Inc (NASDAQ:UNFI) by 56.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 5,484 shares of the company’s stock after selling 7,013 shares during the quarter. Bank of Montreal Can’s holdings in United Natural Foods were worth $164,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. BlackRock Inc. lifted its stake in shares of United Natural Foods by 6.1% during the second quarter. BlackRock Inc. now owns 5,888,566 shares of the company’s stock valued at $251,204,000 after acquiring an additional 340,578 shares during the period. Bank of America Corp DE lifted its stake in shares of United Natural Foods by 5.5% during the second quarter. Bank of America Corp DE now owns 904,965 shares of the company’s stock valued at $38,605,000 after acquiring an additional 47,510 shares during the period. Northern Trust Corp lifted its stake in shares of United Natural Foods by 5.7% during the second quarter. Northern Trust Corp now owns 893,046 shares of the company’s stock valued at $38,098,000 after acquiring an additional 47,830 shares during the period. Cooke & Bieler LP lifted its stake in shares of United Natural Foods by 4.1% during the second quarter. Cooke & Bieler LP now owns 524,187 shares of the company’s stock valued at $22,362,000 after acquiring an additional 20,490 shares during the period. Finally, Hood River Capital Management LLC lifted its stake in shares of United Natural Foods by 27.5% during the second quarter. Hood River Capital Management LLC now owns 520,133 shares of the company’s stock valued at $22,189,000 after acquiring an additional 112,033 shares during the period. 97.21% of the stock is currently owned by institutional investors and hedge funds.

In other United Natural Foods news, Director James P. Heffernan sold 3,820 shares of the stock in a transaction dated Tuesday, October 2nd. The stock was sold at an average price of $29.50, for a total value of $112,690.00. Following the completion of the sale, the director now directly owns 6,960 shares in the company, valued at $205,320. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.50% of the stock is owned by corporate insiders.

A number of equities research analysts recently commented on the company. Northcoast Research downgraded United Natural Foods from a “buy” rating to a “neutral” rating in a report on Thursday, July 26th. Guggenheim downgraded United Natural Foods from a “buy” rating to a “neutral” rating in a report on Friday, July 27th. Zacks Investment Research downgraded United Natural Foods from a “buy” rating to a “hold” rating in a report on Tuesday, September 18th. Loop Capital set a $50.00 price objective on United Natural Foods and gave the company a “buy” rating in a report on Friday, September 21st. Finally, Buckingham Research set a $41.00 price objective on United Natural Foods and gave the company a “buy” rating in a report on Thursday, September 20th. Six equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have given a buy rating to the stock. United Natural Foods has an average rating of “Hold” and a consensus target price of $34.98.

Shares of United Natural Foods stock opened at $22.21 on Thursday. United Natural Foods Inc has a 1 year low of $21.16 and a 1 year high of $52.69. The stock has a market capitalization of $1.18 billion, a price-to-earnings ratio of 7.14, a price-to-earnings-growth ratio of 0.93 and a beta of 1.60. The company has a quick ratio of 0.93, a current ratio of 2.56 and a debt-to-equity ratio of 0.19.

United Natural Foods (NASDAQ:UNFI) last announced its quarterly earnings results on Thursday, September 20th. The company reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.09). United Natural Foods had a return on equity of 8.93% and a net margin of 1.62%. The business had revenue of $2.59 billion during the quarter, compared to the consensus estimate of $2.61 billion. During the same quarter last year, the company earned $0.72 earnings per share. The firm’s revenue was up 10.7% compared to the same quarter last year. On average, research analysts predict that United Natural Foods Inc will post 3.44 EPS for the current fiscal year.

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United Natural Foods Profile

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.

Further Reading: Cost of Capital Explained

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

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