Mitsubishi UFJ Asset Management Co. Ltd. Invests $1.90 Million in United Natural Foods, Inc. $UNFI

Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 41,627 shares of the company’s stock, valued at approximately $1,901,000.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. State Street Corp lifted its holdings in United Natural Foods by 1.0% in the fourth quarter. State Street Corp now owns 2,389,186 shares of the company’s stock worth $80,444,000 after purchasing an additional 23,967 shares during the period. SG Americas Securities LLC increased its stake 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 buying an additional 1,053,081 shares during the period. Geode Capital Management LLC increased its stake 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 buying an additional 41,674 shares during the period. Arrowstreet Capital Limited Partnership raised its position in shares of United Natural Foods by 40.4% during the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock worth $48,922,000 after buying an additional 374,487 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in shares of United Natural Foods by 11.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,119,773 shares of the company’s stock worth $37,703,000 after buying an additional 117,717 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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 completion of the sale, the insider directly owned 51,119 shares in the company, valued at approximately $2,635,695.64. This trade represents a 16.36% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 2.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on the stock. Zacks Research cut shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a report on Monday, July 6th. BMO Capital Markets restated an “outperform” rating and issued a $56.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. Wall Street Zen lowered United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, UBS Group lifted their price target on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research report on Wednesday, June 10th. Two investment 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’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $47.86.

United Natural Foods Price Performance

Shares of NYSE UNFI opened at $48.14 on Friday. United Natural Foods, Inc. has a twelve month low of $26.76 and a twelve month high of $57.02. The company has a current ratio of 1.33, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04. The company has a market capitalization of $2.91 billion, a price-to-earnings ratio of -72.94 and a beta of 0.84. The firm has a 50-day moving average of $48.61 and a two-hundred day moving average of $46.35.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). The business had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.79 billion. United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The business’s revenue for the quarter 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. As a group, analysts expect that United Natural Foods, Inc. will post 2.52 earnings per share 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.