Legal & General Group Plc Invests $6.85 Million in United Natural Foods, Inc. $UNFI

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

Other institutional investors and hedge funds also recently modified their holdings of the company. Revisor Wealth Management LLC lifted its holdings in shares of United Natural Foods by 4.7% during the first quarter. Revisor Wealth Management LLC now owns 6,188 shares of the company’s stock valued at $279,000 after purchasing an additional 278 shares during the last quarter. PNC Financial Services Group Inc. raised its holdings in United Natural Foods by 4.0% during the 4th quarter. PNC Financial Services Group Inc. now owns 7,485 shares of the company’s stock worth $252,000 after buying an additional 285 shares during the period. Oregon Public Employees Retirement Fund lifted its stake in United Natural Foods by 2.1% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 13,894 shares of the company’s stock valued at $468,000 after buying an additional 289 shares in the last quarter. Optimize Financial Inc lifted its stake in United Natural Foods by 1.5% during the fourth quarter. Optimize Financial Inc now owns 20,963 shares of the company’s stock valued at $706,000 after buying an additional 300 shares in the last quarter. Finally, Arax Advisory Partners boosted its holdings in shares of United Natural Foods by 37.4% in the fourth quarter. Arax Advisory Partners now owns 1,102 shares of the company’s stock worth $37,000 after buying an additional 300 shares during the period. 87.63% of the stock is owned by institutional investors and hedge funds.

United Natural Foods Stock Down 0.4%

United Natural Foods stock opened at $44.45 on Thursday. The company has a market capitalization of $2.69 billion, a P/E ratio of -67.35 and a beta of 0.80. The firm’s fifty day simple moving average is $47.89 and its 200-day simple moving average is $46.77. 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 $27.92 and a 1-year high of $57.02.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 positive return on equity of 7.42% and a negative net margin of 0.12%.The company’s revenue for the quarter was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Sell-side analysts forecast that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

Insider Transactions at United Natural Foods

In related news, insider Mark Bushway sold 10,000 shares of the stock in a transaction that occurred on Tuesday, June 23rd. The stock was sold at an average price of $51.56, for a total transaction of $515,600.00. Following the completion of the sale, the insider owned 51,119 shares in the company, valued at $2,635,695.64. This represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.40% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on UNFI shares. Zacks Research lowered shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Roth Capital reiterated a “neutral” rating and set a $43.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. The Goldman Sachs Group reissued a “neutral” rating and set a $47.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. BMO Capital Markets restated an “outperform” rating and issued a $56.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Finally, Wall Street Zen cut United Natural Foods from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. Two 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 stock. According to data from MarketBeat.com, United Natural Foods has an average rating of “Hold” and a consensus price target of $47.86.

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.