Legal & General Group Plc Acquires New Position in United Natural Foods, Inc. $UNFI

Legal & General Group Plc purchased a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 150,020 shares of the company’s stock, valued at approximately $6,851,000. Legal & General Group Plc owned 0.25% of United Natural Foods as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in UNFI. BlackRock Inc. acquired a new position in shares of United Natural Foods in the 2nd quarter valued at $477,650,000. SG Americas Securities LLC raised its position in shares of United Natural Foods by 155.1% in the 1st quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock worth $78,047,000 after buying an additional 1,053,081 shares during the period. Bank of New York Mellon Corp acquired a new position in United Natural Foods in the second quarter valued at $18,672,000. Trexquant Investment LP acquired a new position in United Natural Foods in the fourth quarter valued at $12,885,000. Finally, Arrowstreet Capital Limited Partnership grew its position in 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 valued at $48,922,000 after acquiring an additional 374,487 shares during the period. Institutional investors and hedge funds own 87.63% of the company’s stock.

Insider Buying and Selling at United Natural Foods

In related news, insider Mark Bushway sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total transaction of $515,600.00. Following the transaction, the insider owned 51,119 shares in the company, valued at $2,635,695.64. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.40% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on UNFI. The Goldman Sachs Group reissued a “neutral” rating and set a $47.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. UBS Group boosted their price objective on shares of United Natural Foods from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Zacks Research lowered shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a research note on Monday, July 6th. Finally, Roth Capital restated a “neutral” rating and set a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Two equities research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, United Natural Foods has an average rating of “Hold” and an average target price of $47.86.

United Natural Foods Stock Performance

UNFI stock opened at $44.45 on Thursday. The stock’s 50 day simple moving average is $47.89 and its 200 day simple moving average is $46.77. United Natural Foods, Inc. has a 12-month low of $27.92 and a 12-month high of $57.02. The firm has a market cap of $2.69 billion, a P/E ratio of -67.35 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 (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The business had revenue of $7.72 billion for the quarter, compared to the consensus estimate of $7.79 billion. United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. 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 company earned $0.44 EPS. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. As a group, equities research analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current year.

United Natural Foods 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.