Riverbridge Partners Lowers stake in United Natural Foods (UNFI)

United Natural Foods (UNFI) : Riverbridge Partners reduced its stake in United Natural Foods by 3.05% during the most recent quarter end. The investment management company now holds a total of 1,584,040 shares of United Natural Foods which is valued at $77,713,002 after selling 49,842 shares in United Natural Foods , the firm said in a disclosure report filed with the SEC on Aug 1, 2016.United Natural Foods makes up approximately 1.56% of Riverbridge Partners’s portfolio.

Other Hedge Funds, Including , Ngam Advisors boosted its stake in UNFI in the latest quarter, The investment management firm added 3,692 additional shares and now holds a total of 19,763 shares of United Natural Foods which is valued at $969,573. United Natural Foods makes up approx 0.01% of Ngam Advisors’s portfolio.Cooke Bieler Lp boosted its stake in UNFI in the latest quarter, The investment management firm added 16,640 additional shares and now holds a total of 652,458 shares of United Natural Foods which is valued at $32,609,851. United Natural Foods makes up approx 0.70% of Cooke Bieler Lp’s portfolio. 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.Weaver C. Barksdale Associates boosted its stake in UNFI in the latest quarter, The investment management firm added 20 additional shares and now holds a total of 860 shares of United Natural Foods which is valued at $41,633. United Natural Foods makes up approx 0.07% of Weaver C. Barksdale Associates’s portfolio.

United Natural Foods closed down -0.62 points or -1.26% at $48.44 with 3,28,913 shares getting traded on Thursday. Post opening the session at $48.93, the shares hit an intraday low of $48.02 and an intraday high of $49.495 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

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.

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