Amundi Grows Stake in United Natural Foods, Inc. $UNFI

Key Points

• Amundi increased its United Natural Foods stake by 1,489.8% in the second quarter, acquiring 181,263 additional shares for a total holding of 193,430 shares valued at approximately $8.8 million. Institutional investors collectively own 87.63% of UNFI.
• UNFI reported quarterly EPS of $0.69, beating estimates of $0.62, while revenue reached $7.64 billion, slightly below expectations and down 0.7% year over year. The company issued fiscal 2027 EPS guidance of $3.00–$3.50.
• Analyst sentiment remains mixed, with UNFI carrying an overall “Hold” rating and an average price target of $50.29. Shares opened at $44.47, while an insider recently sold 10,000 shares at an average price of $51.56.

Amundi increased its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 1,489.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 193,430 shares of the company's stock after acquiring an additional 181,263 shares during the period. Amundi owned about 0.32% of United Natural Foods worth $8,834,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UNFI. BlackRock Inc. bought a new stake in United Natural Foods during the 2nd quarter worth approximately $477,650,000. California State Teachers Retirement System grew its holdings in United Natural Foods by 4,409.4% during the 2nd quarter. California State Teachers Retirement System now owns 3,205,486 shares of the company's stock valued at $146,395,000 after buying an additional 3,134,401 shares in the last quarter. State Street Corp grew its holdings in United Natural Foods by 1.0% during the 4th quarter. State Street Corp now owns 2,389,186 shares of the company's stock valued at $80,444,000 after buying an additional 23,967 shares in the last quarter. SG Americas Securities LLC raised its position in shares of United Natural Foods by 155.1% during the first 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 last quarter. Finally, Wellington Management Group LLP lifted its holdings in shares of United Natural Foods by 85.7% in the second quarter. Wellington Management Group LLP now owns 1,542,662 shares of the company's stock worth $70,453,000 after buying an additional 711,913 shares in the last quarter. Hedge funds and other institutional investors own 87.63% of the company's stock.

Insider Activity

In related news, insider Mark Bushway sold 10,000 shares of the firm's stock in a transaction on Tuesday, June 23rd. The stock was 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 in the company, valued at $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 Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is owned by insiders.

United Natural Foods Price Performance

United Natural Foods stock opened at $44.47 on Friday. United Natural Foods, Inc. has a 52-week low of $27.97 and a 52-week high of $57.02. The company has a quick ratio of 0.51, a current ratio of 1.29 and a debt-to-equity ratio of 0.97. The firm's fifty day moving average is $47.51 and its 200 day moving average is $46.95. The company has a market cap of $2.69 billion, a price-to-earnings ratio of 33.19 and a beta of 0.80.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings data on Tuesday, September 8th. The company reported $0.69 EPS for the quarter, topping analysts' consensus estimates of $0.62 by $0.07. The business had revenue of $7.64 billion during the quarter, compared to analysts' expectations of $7.71 billion. United Natural Foods had a net margin of 0.27% and a return on equity of 10.51%. The business's revenue was down .7% on a year-over-year basis. During the same period last year, the company posted ($0.11) EPS. United Natural Foods has set its FY 2027 guidance at 3.000-3.500 EPS. Sell-side analysts forecast that United Natural Foods, Inc. will post 3.35 EPS for the current fiscal year.

Analyst Ratings Changes

UNFI has been the subject of a number of research reports. Weiss Ratings restated a "sell (d-)" rating on shares of United Natural Foods in a research report on Monday, July 6th. Roth Capital reiterated a "neutral" rating and issued a $45.00 price target (up from $43.00) on shares of United Natural Foods in a report on Thursday. Wall Street Zen cut shares of United Natural Foods from a "buy" rating to a "hold" rating in a research note on Sunday, July 12th. BMO Capital Markets reissued an "outperform" rating and set a $61.00 price objective on shares of United Natural Foods in a report on Wednesday. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $47.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, seven have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average target price of $50.29.

United Natural Foods Company Profile

United Natural Foods, Inc NYSE: UNFI is a distributor of natural, organic, specialty, fresh and conventional food products in the United States and Canada. The company supplies grocery retailers, independent stores, supermarkets, e-commerce businesses, foodservice operators and other customers with a broad range of products.

UNFI's offerings include produce, perishables, center-store groceries, refrigerated and frozen foods, beverages, supplements, personal-care products and household items.

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