JPMorgan Chase & Co. Has $5.55 Million Position in United Natural Foods, Inc. $UNFI

Key Points

• JPMorgan Chase cut its UNFI holding by 41.3%, selling 103,499 shares in Q3 and leaving it with 147,401 shares worth about $5.545 million (0.24% ownership).
• Analysts are mixed but upbeat from some firms: Wells Fargo upgraded UNFI to "overweight" and raised its price target to $56, while the Street consensus remains a "Hold" with a $43.63 target.
• Recent quarter showed an EPS beat but revenue weakness: UNFI reported $0.62 EPS vs. $0.51 expected and $7.95B revenue (vs. $8.11B est.), and set FY2026 guidance of $2.30–$2.70 in EPS.

JPMorgan Chase & Co. decreased its holdings in United Natural Foods, Inc. (NYSE:UNFI - Free Report) by 41.3% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,401 shares of the company's stock after selling 103,499 shares during the quarter. JPMorgan Chase & Co. owned 0.24% of United Natural Foods worth $5,545,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Brighton Jones LLC bought a new position in United Natural Foods during the fourth quarter worth about $656,000. AQR Capital Management LLC grew its stake in shares of United Natural Foods by 52.5% in the 1st quarter. AQR Capital Management LLC now owns 111,854 shares of the company's stock valued at $3,064,000 after purchasing an additional 38,504 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of United Natural Foods by 5.1% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company's stock worth $962,000 after buying an additional 1,703 shares in the last quarter. Millennium Management LLC raised its holdings in shares of United Natural Foods by 58.1% in the 1st quarter. Millennium Management LLC now owns 332,973 shares of the company's stock worth $9,120,000 after buying an additional 122,412 shares in the last quarter. Finally, Goldman Sachs Group Inc. lifted its position in shares of United Natural Foods by 10.4% during the 1st quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company's stock worth $17,132,000 after buying an additional 58,705 shares during the period. 87.63% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts recently commented on the company. Wells Fargo & Company raised United Natural Foods from an "equal weight" rating to an "overweight" rating and boosted their price target for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. Wall Street Zen upgraded United Natural Foods from a "hold" rating to a "buy" rating in a research note on Saturday, March 14th. Zacks Research downgraded shares of United Natural Foods from a "strong-buy" rating to a "hold" rating in a research note on Monday, February 2nd. BMO Capital Markets upped their target price on shares of United Natural Foods from $48.00 to $52.00 and gave the stock an "outperform" rating in a report on Wednesday, March 11th. Finally, Deutsche Bank Aktiengesellschaft increased their target price on shares of United Natural Foods from $40.00 to $46.00 and gave the stock a "hold" rating in a research report on Thursday, March 12th. Three research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has issued a Sell rating to the company's stock. Based on data from MarketBeat.com, United Natural Foods presently has an average rating of "Hold" and a consensus target price of $43.63.

United Natural Foods Stock Down 0.4%

Shares of NYSE UNFI opened at $44.88 on Thursday. The firm's 50-day simple moving average is $39.62 and its 200 day simple moving average is $37.11. The company has a market cap of $2.73 billion, a price-to-earnings ratio of -34.52 and a beta of 0.83. The company has a quick ratio of 0.52, a current ratio of 1.33 and a debt-to-equity ratio of 1.11. United Natural Foods, Inc. has a 12-month low of $20.78 and a 12-month high of $47.58.

United Natural Foods (NYSE:UNFI - Get Free Report) last posted its quarterly earnings data on Tuesday, March 10th. The company reported $0.62 earnings per share for the quarter, beating the consensus estimate of $0.51 by $0.11. United Natural Foods had a negative net margin of 0.25% and a positive return on equity of 6.05%. The firm had revenue of $7.95 billion during the quarter, compared to analysts' expectations of $8.11 billion. During the same quarter last year, the company posted $0.22 EPS. The company's quarterly revenue was down 2.6% compared to the same quarter last year. United Natural Foods has set its FY 2026 guidance at 2.300-2.700 EPS. On average, research analysts expect that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

Insider Buying and Selling at United Natural Foods

In related news, Director James C. Pappas purchased 2,000 shares of the stock in a transaction that occurred on Monday, January 5th. The stock was acquired at an average price of $33.30 per share, with a total value of $66,600.00. Following the completion of the acquisition, the director directly owned 194,178 shares in the company, valued at approximately $6,466,127.40. This trade represents a 1.04% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 2.40% of the stock is currently 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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