New York State Teachers Retirement System lowered its stake in United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 15.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,795 shares of the company’s stock after selling 13,769 shares during the period. New York State Teachers Retirement System owned approximately 0.12% of United Natural Foods worth $3,370,000 as of its most recent SEC filing.
Several other large investors also recently added to or reduced their stakes in UNFI. State Street Corp lifted its stake in shares of United Natural Foods by 1.0% in the 4th quarter. State Street Corp now owns 2,389,186 shares of the company’s stock valued at $80,444,000 after purchasing an additional 23,967 shares during the last quarter. SG Americas Securities LLC lifted its position in United Natural Foods by 155.1% in the first quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock worth $78,047,000 after buying an additional 1,053,081 shares during the last quarter. Geode Capital Management LLC boosted its stake in United Natural Foods by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 1,468,591 shares of the company’s stock worth $49,456,000 after buying an additional 41,674 shares during the period. Arrowstreet Capital Limited Partnership increased its position in United Natural Foods by 40.4% during the third quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock valued at $48,922,000 after acquiring an additional 374,487 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of United Natural Foods by 11.7% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,119,773 shares of the company’s stock valued at $37,703,000 after acquiring an additional 117,717 shares during the period. 87.63% of the stock is owned by institutional investors.
Insider Buying and Selling
In other United Natural Foods news, insider Mark Bushway sold 10,000 shares of United Natural Foods stock in a transaction 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 directly owned 51,119 shares of the company’s stock, valued at $2,635,695.64. The trade was a 16.36% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Danielle Benedict sold 4,807 shares of the company’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total value of $249,964.00. Following the completion of the sale, the insider owned 98,470 shares of the company’s stock, valued at $5,120,440. This represents a 4.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 2.40% of the stock is currently owned by insiders.
More United Natural Foods News
- Positive Sentiment: UNFI announced leadership updates meant to accelerate its value creation strategy, improve operational execution, and sharpen accountability across the business. United Natural Foods Announces Leadership Updates to Accelerate Value Creation Strategy
- Positive Sentiment: The company’s senior leadership restructuring, including a new COO, suggests management is prioritizing stronger operations and commercial execution, which could help support profitability and margin improvement. UNFI names new COO as it shakes up C-suite
- Neutral Sentiment: UNFI was also added to the Russell 1000, which can increase visibility and index-related demand, but the direct operating impact is limited. Why Did United Natural Foods (NYSE:UNFI) Join Russell 1000?
- Neutral Sentiment: Recent commentary has focused on valuation and whether UNFI is still undervalued after a broker upgrade, but these pieces are more opinion-driven than clearly new catalysts. United Natural Foods (UNFI) On Broker Upgrade Is It Fully Valued Or Still Undervalued
- Negative Sentiment: UNFI is still being weighed by the market’s reaction to last month’s earnings report, which missed expectations and has left the stock down since that release. Why Is United Natural (UNFI) Down 6.7% Since Last Earnings Report?
Wall Street Analyst Weigh In
A number of equities analysts recently commented on UNFI shares. Roth Capital reaffirmed a “neutral” rating and set a $43.00 price target 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. BMO Capital Markets reissued an “outperform” rating and issued a $56.00 price objective on shares of United Natural Foods in a research note on Wednesday, June 10th. Zacks Research upgraded United Natural Foods from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Finally, Wells Fargo & Company raised United Natural Foods from an “equal weight” rating to an “overweight” rating and upped their target price for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $46.38.
View Our Latest Report on United Natural Foods
United Natural Foods Trading Up 1.5%
Shares of UNFI opened at $47.90 on Friday. United Natural Foods, Inc. has a 1-year low of $22.85 and a 1-year high of $57.02. The company has a 50-day moving average of $50.11 and a 200 day moving average of $43.36. The firm has a market capitalization of $2.90 billion, a price-to-earnings ratio of -72.58 and a beta of 0.83. 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 earnings results on Tuesday, June 9th. The company reported $0.77 EPS for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). The company 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%.United Natural Foods’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, research analysts expect that United Natural Foods, Inc. will post 2.52 EPS for the current year.
United Natural Foods Profile
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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