Wellington Management Group LLP Boosts Stock Holdings in United Natural Foods, Inc. $UNFI

Wellington Management Group LLP lifted its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 85.7% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,542,662 shares of the company’s stock after buying an additional 711,913 shares during the period. Wellington Management Group LLP owned about 2.55% of United Natural Foods worth $70,453,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of United Natural Foods during the 2nd quarter worth $477,650,000. State Street Corp boosted its holdings in United Natural Foods by 1.0% during the fourth quarter. State Street Corp now owns 2,389,186 shares of the company’s stock worth $80,444,000 after buying an additional 23,967 shares in the last quarter. SG Americas Securities LLC grew its position in 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 worth $78,047,000 after buying an additional 1,053,081 shares during the period. Geode Capital Management LLC increased its holdings in United Natural Foods by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 1,468,591 shares of the company’s stock valued at $49,456,000 after buying an additional 41,674 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its holdings in United Natural Foods by 40.4% in the third quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock valued at $48,922,000 after buying an additional 374,487 shares in the last quarter. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Stock Performance

Shares of UNFI opened at $44.45 on Thursday. United Natural Foods, Inc. has a 1 year low of $27.92 and a 1 year high of $57.02. The company’s 50 day simple moving average is $47.89 and its 200 day simple moving average is $46.77. The company has a market capitalization of $2.69 billion, a price-to-earnings ratio of -67.35 and a beta of 0.80. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.51 and a current ratio of 1.33.

United Natural Foods (NYSE:UNFI) last issued its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same quarter last year, the firm posted $0.44 earnings per share. The company’s 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. On average, sell-side analysts predict that United Natural Foods, Inc. will post 2.52 EPS for the current year.

Insider Buying and Selling

In related news, insider Mark Bushway sold 10,000 shares of the stock in a transaction dated 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 in the company, valued at approximately $2,635,695.64. This represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.40% of the company’s stock.

Analysts Set New Price Targets

UNFI has been the topic of several research analyst reports. Wall Street Zen lowered United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. UBS Group lifted their price objective on United Natural Foods from $44.00 to $47.00 and gave the stock a “neutral” rating in a report on Wednesday, June 10th. Roth Capital reissued a “neutral” rating and issued a $43.00 target price on shares of United Natural Foods in a report on Wednesday, June 10th. Weiss Ratings restated a “sell (d-)” rating on shares of United Natural Foods in a research report on Monday, July 6th. Finally, The Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 price target on shares of United Natural Foods in a research note on Wednesday, June 10th. Two equities 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. According to MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $47.86.

United Natural Foods Company 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.