Jupiter Asset Management Ltd Lowers stake in United Natural Foods (UNFI)

United Natural Foods (UNFI) : Jupiter Asset Management Ltd reduced its stake in United Natural Foods by 0.51% during the most recent quarter end. The investment management company now holds a total of 583,208 shares of United Natural Foods which is valued at $28,967,941 after selling 3,000 shares in United Natural Foods , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.United Natural Foods makes up approximately 1.17% of Jupiter Asset Management Ltd’s portfolio.

Other Hedge Funds, Including , Castleark Management added UNFI to its portfolio by purchasing 163,830 company shares during the most recent quarter which is valued at $8,137,436. United Natural Foods makes up approx 0.25% of Castleark Management’s portfolio. Global X Management Co added UNFI to its portfolio by purchasing 424 company shares during the most recent quarter which is valued at $20,958.Cable Hill Partners reduced its stake in UNFI by selling 375 shares or 93.98% in the most recent quarter. The Hedge Fund company now holds 24 shares of UNFI which is valued at $1,167.Benjamin F. Edwards Company reduced its stake in UNFI by selling 150 shares or 9.78% in the most recent quarter. The Hedge Fund company now holds 1,384 shares of UNFI which is valued at $66,999. United Natural Foods makes up approx 0.01% of Benjamin F. Edwards Company’s portfolio.

United Natural Foods opened for trading at $46.92 and hit $47.83 on the upside on Friday, eventually ending the session at $47.23, with a gain of 0.28% or 0.13 points. The heightened volatility saw the trading volume jump to 3,90,192 shares. Company has a market cap of $2,379 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.

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