29,873 Shares in United Natural Foods, Inc. $UNFI Bought by The Manufacturers Life Insurance Company

Key Points

• The Manufacturers Life Insurance Company acquired 29,873 shares of United Natural Foods valued at approximately $1.36 million, while institutional investors collectively own 87.63% of the company.
• Analysts maintain a consensus “Hold” rating on UNFI, with an average price target of $47.86; ratings include two Buys, six Holds and one Sell.
• UNFI reported quarterly earnings of $0.77 per share, below the $0.81 estimate, while revenue fell 4.2% year over year to $7.72 billion. Shares opened at $43.74, near the consensus target but below their 50-day moving average.

The Manufacturers Life Insurance Company purchased a new stake in shares of United Natural Foods, Inc. (NYSE:UNFI - Free Report) in the second quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 29,873 shares of the company's stock, valued at approximately $1,364,000.

A number of other large investors have also recently made changes to their positions in the business. Cullen Frost Bankers Inc. acquired a new position in shares of United Natural Foods during the fourth quarter valued at about $26,000. Global Retirement Partners LLC bought a new position in United Natural Foods in the 2nd quarter valued at about $26,000. Quarry LP acquired a new position in United Natural Foods during the 3rd quarter valued at about $29,000. Larson Financial Group LLC increased its holdings in United Natural Foods by 4,266.7% during the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company's stock worth $30,000 after purchasing an additional 768 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its stake in shares of United Natural Foods by 84.2% in the second quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company's stock worth $31,000 after purchasing an additional 609 shares during the last quarter. 87.63% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UNFI has been the topic of several analyst reports. Zacks Research cut United Natural Foods from a "strong-buy" rating to a "hold" rating in a research report on Monday, August 3rd. Roth Capital restated a "neutral" rating and set a $43.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $47.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. Weiss Ratings reissued a "sell (d-)" rating on shares of United Natural Foods in a research report on Monday, July 6th. Finally, Wall Street Zen downgraded shares of United Natural Foods from a "buy" rating to a "hold" rating in a research report on Sunday, July 12th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $47.86.

United Natural Foods Stock Up 0.3%

Shares of NYSE:UNFI opened at $43.74 on Friday. United Natural Foods, Inc. has a 1 year low of $27.97 and a 1 year high of $57.02. The company has a market capitalization of $2.65 billion, a PE ratio of -66.27 and a beta of 0.80. The business has a fifty day moving average price of $47.65 and a two-hundred day moving average price of $46.78. 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 (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results 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). United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The company had revenue of $7.72 billion during the quarter, compared to analysts' expectations of $7.79 billion. During the same period last year, the firm posted $0.44 earnings per share. United Natural Foods's quarterly revenue was down 4.2% compared to the same quarter last year. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. Analysts forecast that United Natural Foods, Inc. will post 2.52 earnings per share for the current year.

Insider Buying and Selling at United Natural Foods

In other 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 owned 51,119 shares in the company, valued at $2,635,695.64. This trade represents a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.40% of the stock is owned by corporate 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.

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