The Manufacturers Life Insurance Company Acquires New Position in United Natural Foods, Inc. $UNFI

The Manufacturers Life Insurance Company acquired a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the 2nd quarter, HoldingsChannel.com reports. The fund acquired 29,873 shares of the company’s stock, valued at approximately $1,364,000.

Several other large investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new stake in shares of United Natural Foods during the 2nd quarter valued at approximately $477,650,000. State Street Corp grew its stake in United Natural Foods by 1.0% in the 4th quarter. State Street Corp now owns 2,389,186 shares of the company’s stock valued at $80,444,000 after buying an additional 23,967 shares in the last quarter. SG Americas Securities LLC raised its holdings in United Natural Foods by 155.1% during the 1st quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after acquiring an additional 1,053,081 shares during the period. Geode Capital Management LLC raised its holdings in United Natural Foods by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,468,591 shares of the company’s stock valued at $49,456,000 after acquiring an additional 41,674 shares during the period. Finally, Arrowstreet Capital Limited Partnership lifted its position in shares of United Natural Foods by 40.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock worth $48,922,000 after acquiring an additional 374,487 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company’s stock.

Insider Transactions at United Natural Foods

In other news, insider Mark Bushway sold 10,000 shares of the company’s stock in a transaction dated Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the transaction, the insider directly owned 51,119 shares in the company, valued at approximately $2,635,695.64. This represents a 16.36% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UNFI shares. UBS Group boosted their price objective on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. BMO Capital Markets reiterated an “outperform” rating and set a $56.00 price target on shares of United Natural Foods in a research report on Wednesday, June 10th. Wall Street Zen downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, Roth Capital reissued a “neutral” rating and issued a $43.00 price target on shares of United Natural Foods in a report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, United Natural Foods presently has an average rating of “Hold” and an average price target of $47.86.

United Natural Foods Stock Up 0.3%

UNFI stock opened at $43.74 on Friday. The company’s 50 day moving average is $47.65 and its 200 day moving average is $46.78. The stock has a market cap of $2.65 billion, a price-to-earnings ratio of -66.27 and a beta of 0.80. The company has a current ratio of 1.33, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04. United Natural Foods, Inc. has a 1-year low of $27.97 and a 1-year high of $57.02.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The company had revenue of $7.72 billion during the quarter, compared to analysts’ expectations of $7.79 billion. United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.United Natural Foods’s quarterly revenue was down 4.2% on a year-over-year basis. During the same period in the prior year, the firm earned $0.44 EPS. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Sell-side analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current fiscal year.

United Natural Foods Company Profile

United Natural Foods, Inc (NYSE: UNFI) is a leading distributor of natural, organic and specialty foods in North America. Founded in 1976 and headquartered in Providence, Rhode Island, the company has grown through strategic acquisitions and organic expansion to become one of the largest food distributors serving retail, foodservice and e-commerce customers.

UNFI’s core business centers on the procurement, warehousing and distribution of a broad portfolio of products, including fresh produce, groceries, frozen foods, dairy, bakery items, beverages, supplements and household essentials.