Illinois Municipal Retirement Fund Has $1.30 Million Position in United Natural Foods, Inc. $UNFI

Illinois Municipal Retirement Fund cut its holdings in United Natural Foods, Inc. (NYSE:UNFI) by 25.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,942 shares of the company’s stock after selling 10,025 shares during the period. Illinois Municipal Retirement Fund’s holdings in United Natural Foods were worth $1,304,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Cullen Frost Bankers Inc. bought a new stake in shares of United Natural Foods during the 4th quarter valued at about $26,000. Quarry LP acquired a new position in United Natural Foods in the third quarter valued at approximately $29,000. Larson Financial Group LLC lifted its stake in United Natural Foods by 4,266.7% in the third quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock valued at $30,000 after buying an additional 768 shares during the period. International Assets Investment Management LLC bought a new position in shares of United Natural Foods during the 4th quarter worth approximately $31,000. Finally, Farther Finance Advisors LLC boosted its holdings in shares of United Natural Foods by 60.7% during the 4th quarter. Farther Finance Advisors LLC now owns 993 shares of the company’s stock worth $33,000 after buying an additional 375 shares in the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. Zacks Research upgraded shares of United Natural Foods from a “hold” rating to a “strong-buy” rating in a research note on Friday, July 3rd. Wall Street Zen lowered shares of United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. The Goldman Sachs Group restated a “neutral” rating and issued a $47.00 price target on shares of United Natural Foods in a report on Wednesday, June 10th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United Natural Foods in a research note on Monday, July 6th. Finally, Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $56.00 in a report on Thursday, March 26th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, United Natural Foods has an average rating of “Hold” and an average price target of $47.86.

United Natural Foods Trading Up 0.2%

UNFI opened at $50.03 on Thursday. The company has a debt-to-equity ratio of 1.04, a current ratio of 1.33 and a quick ratio of 0.51. United Natural Foods, Inc. has a fifty-two week low of $24.88 and a fifty-two week high of $57.02. The firm has a market capitalization of $3.03 billion, a PE ratio of -75.80 and a beta of 0.83. The company’s 50-day moving average is $49.78 and its 200 day moving average is $44.34.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share 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 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 revenue was down 4.2% compared to the same quarter last year. During the same period in the previous year, the business posted $0.44 EPS. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. As a group, research analysts predict that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Danielle Benedict sold 4,807 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total transaction of $249,964.00. Following the completion of the sale, the insider owned 98,470 shares in the company, valued at approximately $5,120,440. This represents a 4.65% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Bushway sold 10,000 shares of the stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total value of $515,600.00. Following the completion of the sale, the insider directly owned 51,119 shares of the company’s stock, valued at $2,635,695.64. The trade was a 16.36% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 2.40% of the stock is owned by company insiders.

About United Natural Foods

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.