Hsbc Holdings PLC raised its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI – Free Report) by 137.1% during the 1st quarter, Holdings Channel reports. The fund owned 87,297 shares of the company’s stock after purchasing an additional 50,483 shares during the period. Hsbc Holdings PLC’s holdings in United Natural Foods were worth $3,909,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently modified their holdings of the company. Cullen Frost Bankers Inc. bought a new stake in United Natural Foods during the fourth quarter worth approximately $26,000. Quarry LP bought a new position in United Natural Foods during the 3rd quarter valued at $29,000. Larson Financial Group LLC increased its position in shares of United Natural Foods by 4,266.7% during the 3rd quarter. Larson Financial Group LLC now owns 786 shares of the company’s stock valued at $30,000 after purchasing an additional 768 shares during the period. International Assets Investment Management LLC acquired a new position in shares of United Natural Foods during the 4th quarter valued at $31,000. Finally, EverSource Wealth Advisors LLC raised its stake in shares of United Natural Foods by 84.2% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,332 shares of the company’s stock worth $31,000 after buying an additional 609 shares in the last quarter. Institutional investors own 87.63% of the company’s stock.
Insider Transactions at United Natural Foods
In other news, insider Danielle Benedict sold 4,807 shares of United Natural Foods stock in a transaction that occurred on Wednesday, May 6th. The shares were sold at an average price of $52.00, for a total value of $249,964.00. Following the transaction, the insider owned 98,470 shares of the company’s stock, valued at $5,120,440. This trade represents a 4.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Mark Bushway sold 10,000 shares of the business’s 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 transaction, the insider directly owned 51,119 shares of the company’s stock, valued at approximately $2,635,695.64. This represents a 16.36% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Corporate insiders own 2.40% of the company’s stock.
United Natural Foods Trading Up 2.2%
United Natural Foods (NYSE:UNFI – Get Free Report) last issued its earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.81 by ($0.04). United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. The company had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same period last year, the business earned $0.44 EPS. The company’s quarterly revenue was down 4.2% on a year-over-year basis. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. As a group, equities research analysts forecast that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
UNFI has been the subject of several research reports. UBS Group raised their target price on United Natural Foods from $44.00 to $47.00 and gave the company a “neutral” rating in a research note on Wednesday, June 10th. Zacks Research upgraded shares of United Natural Foods from a “hold” rating to a “strong-buy” rating in a research report on Friday, July 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a report on Monday, July 6th. Roth Capital restated a “neutral” rating and set a $43.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $47.86.
Check Out Our Latest Report on United Natural Foods
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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