United Natural Foods (UNFI) : Pekin Singer Strauss Asset Management Il reduced its stake in United Natural Foods by 15.21% during the most recent quarter end. The investment management company now holds a total of 512,289 shares of United Natural Foods which is valued at $25,132,898 after selling 91,931 shares in United Natural Foods , the firm said in a disclosure report filed with the SEC on Aug 2, 2016.United Natural Foods makes up approximately 5.36% of Pekin Singer Strauss Asset Management Il’s portfolio.
Other Hedge Funds, Including , Rice Hall James Associates sold out all of its stake in UNFI during the most recent quarter. The investment firm sold 7,500 shares of UNFI which is valued $380,700.Capstone Asset Management Co reduced its stake in UNFI by selling 440 shares or 5.1% in the most recent quarter. The Hedge Fund company now holds 8,189 shares of UNFI which is valued at $396,429. United Natural Foods makes up approx 0.01% of Capstone Asset Management Co’s portfolio.Cutler Group Lp reduced its stake in UNFI by selling 299 shares or 99.67% in the most recent quarter. The Hedge Fund company now holds 1 shares of UNFI which is valued at $48.
United Natural Foods opened for trading at $48.45 and hit $49.26 on the upside on Monday, eventually ending the session at $48.79, with a gain of 0.31% or 0.15 points. The heightened volatility saw the trading volume jump to 2,54,149 shares. Company has a market cap of $2,458 M.
On the company’s financial health, United Natural Foods reported $0.76 EPS for the quarter, beating the analyst consensus estimate by $ 0.10 according to the earnings call on Jun 6, 2016. Analyst had a consensus of $0.66. The company had revenue of $2132.00 million for the quarter, compared to analysts expectations of $2157.73 million. The company’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.83 EPS.
Many Wall Street Analysts have commented on United Natural Foods. Company shares were Reiterated by Piper Jaffray on Jun 7, 2016 to “Neutral”, Firm has raised the Price Target to $ 40 from a previous price target of $33 .United Natural Foods was Downgraded by Standpoint Research to ” Hold” on Jun 7, 2016.
United Natural Foods Inc. is a distributor of natural organic and specialty foods and non-food products in the United States and Canada. It offers products in six product categories: grocery and general merchandise produce perishables and frozen foods nutritional supplements and sports nutrition bulk and food service products and personal care items. Its operations consist of three operating divisions: wholesale division which includes its natural organic and specialty distribution business in the United States; UNFI Canada which is its natural organic and specialty business in Canada; Albert’s Organics Inc. and Select Nutrition; retail division consisting of EOM which operates its 12 natural products retail stores within the United States; manufacturing division consisting of Woodstock Farms Manufacturing. In July 2014 the Company acquired all of stock of Tony’s Fine Foods making it a wholly-owned subsidiary of the Company.