JPMorgan Chase & Co. Sells 103,499 Shares of United Natural Foods, Inc. $UNFI

JPMorgan Chase & Co. lessened its position in shares of United Natural Foods, Inc. (NYSE:UNFI) by 41.3% during the 3rd quarter, HoldingsChannel reports. The fund owned 147,401 shares of the company’s stock after selling 103,499 shares during the quarter. JPMorgan Chase & Co.’s holdings in United Natural Foods were worth $5,545,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. CIBC Bancorp USA Inc. acquired a new stake in United Natural Foods in the third quarter worth about $241,000. CANADA LIFE ASSURANCE Co lifted its position in United Natural Foods by 3.6% during the 3rd quarter. CANADA LIFE ASSURANCE Co now owns 60,651 shares of the company’s stock valued at $2,282,000 after purchasing an additional 2,106 shares during the period. Caxton Associates LLP lifted its position in United Natural Foods by 36.9% during the 3rd quarter. Caxton Associates LLP now owns 130,234 shares of the company’s stock valued at $4,899,000 after purchasing an additional 35,127 shares during the period. XTX Topco Ltd bought a new position in shares of United Natural Foods in the 3rd quarter valued at about $883,000. Finally, Quarry LP bought a new position in shares of United Natural Foods in the 3rd quarter valued at about $29,000. Institutional investors own 87.63% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the stock. BMO Capital Markets boosted their price target on shares of United Natural Foods from $48.00 to $52.00 and gave the stock an “outperform” rating in a research note on Wednesday, March 11th. Roth Mkm reaffirmed a “neutral” rating and issued a $35.00 price objective on shares of United Natural Foods in a research note on Thursday, December 11th. UBS Group upped their target price on shares of United Natural Foods from $42.00 to $44.00 and gave the company a “neutral” rating in a research report on Wednesday, March 11th. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a research note on Friday, January 9th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on United Natural Foods from $40.00 to $46.00 and gave the stock a “hold” rating in a research report on Thursday, March 12th. Three analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $43.63.

Insiders Place Their Bets

In other news, Director James C. Pappas purchased 2,000 shares of United Natural Foods stock in a transaction dated Monday, January 5th. The shares were bought at an average cost of $33.30 per share, with a total value of $66,600.00. Following the completion of the transaction, the director directly owned 194,178 shares in the company, valued at $6,466,127.40. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 2.40% of the company’s stock.

United Natural Foods Stock Performance

Shares of UNFI stock opened at $44.88 on Thursday. The company has a debt-to-equity ratio of 1.11, a current ratio of 1.33 and a quick ratio of 0.52. The stock has a market cap of $2.73 billion, a PE ratio of -34.52 and a beta of 0.83. The stock has a 50-day moving average of $39.62 and a 200-day moving average of $37.11. United Natural Foods, Inc. has a one year low of $20.78 and a one year high of $47.58.

United Natural Foods (NYSE:UNFI) last released its quarterly earnings data on Tuesday, March 10th. The company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.51 by $0.11. The business had revenue of $7.95 billion for the quarter, compared to analyst estimates of $8.11 billion. United Natural Foods had a negative net margin of 0.25% and a positive return on equity of 6.05%. United Natural Foods’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same quarter last year, the firm earned $0.22 EPS. United Natural Foods has set its FY 2026 guidance at 2.300-2.700 EPS. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share 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.