United Natural Foods, Inc. $UNFI Shares Sold by Invesco Ltd.

Key Points

• Invesco Ltd. has reduced its stake in United Natural Foods, Inc. to 3.48%, holding approximately 2.1 million shares valued at $57.73 million.
• Several institutional investors have adjusted their positions in the company, with 87.63% of the stock now owned by these investors.
• Analysts have mixed opinions on United Natural Foods, with a consensus rating of "Hold" and a price target averaging $28.13 following recent upgrades and downgrades.

Invesco Ltd. reduced its position in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 6.6% during the 1st quarter, according to its most recent filing with the SEC. The firm owned 2,107,635 shares of the company's stock after selling 148,251 shares during the quarter. Invesco Ltd. owned about 3.48% of United Natural Foods worth $57,728,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Marshall Wace LLP raised its stake in shares of United Natural Foods by 207.0% during the 4th quarter. Marshall Wace LLP now owns 1,357,212 shares of the company's stock worth $37,065,000 after buying an additional 915,177 shares during the last quarter. Dimensional Fund Advisors LP increased its position in United Natural Foods by 9.8% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,531,673 shares of the company's stock worth $96,450,000 after purchasing an additional 314,587 shares in the last quarter. BNP Paribas Financial Markets increased its position in United Natural Foods by 241.1% during the 4th quarter. BNP Paribas Financial Markets now owns 369,043 shares of the company's stock worth $10,079,000 after purchasing an additional 260,862 shares in the last quarter. Nuveen Asset Management LLC increased its position in United Natural Foods by 37.9% during the 4th quarter. Nuveen Asset Management LLC now owns 881,982 shares of the company's stock worth $24,087,000 after purchasing an additional 242,293 shares in the last quarter. Finally, Susquehanna Fundamental Investments LLC purchased a new stake in United Natural Foods during the 4th quarter worth about $5,702,000. 87.63% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

UNFI has been the subject of a number of recent research reports. The Goldman Sachs Group dropped their price objective on United Natural Foods from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the stock a "hold" rating in a research note on Thursday, June 12th. BMO Capital Markets decreased their price target on United Natural Foods from $32.00 to $25.00 and set a "market perform" rating on the stock in a research note on Thursday, June 12th. UBS Group raised their price target on United Natural Foods from $26.00 to $29.00 and gave the stock a "neutral" rating in a research note on Thursday, July 17th. Finally, Wells Fargo & Company raised United Natural Foods from an "underweight" rating to an "equal weight" rating and raised their price target for the stock from $25.00 to $26.00 in a research note on Wednesday, July 16th. Two research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $28.13.

United Natural Foods Stock Up 1.4%

Shares of UNFI stock traded up $0.38 during trading hours on Wednesday, reaching $27.14. The company had a trading volume of 304,935 shares, compared to its average volume of 876,440. The company has a market capitalization of $1.64 billion, a P/E ratio of -23.60 and a beta of 0.82. United Natural Foods, Inc. has a twelve month low of $13.16 and a twelve month high of $34.76. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The stock's fifty day simple moving average is $24.76 and its 200 day simple moving average is $26.89.

United Natural Foods (NYSE:UNFI - Get Free Report) last issued its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 EPS for the quarter, beating analysts' consensus estimates of $0.22 by $0.22. The firm had revenue of $8.06 billion during the quarter, compared to the consensus estimate of $7.78 billion. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%.United Natural Foods's revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.10 earnings per share. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, sell-side analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

United Natural Foods Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.