Hsbc Holdings PLC Makes New $11.76 Million Investment in United Natural Foods, Inc. $UNFI

Hsbc Holdings PLC acquired a new position in shares of United Natural Foods, Inc. (NYSE:UNFI) during the second quarter, Holdings Channel reports. The institutional investor acquired 258,586 shares of the company’s stock, valued at approximately $11,761,000.

Several other large investors have also recently made changes to their positions in UNFI. BlackRock Inc. purchased a new position in United Natural Foods in the second quarter valued at $477,650,000. State Street Corp boosted its stake in shares of United Natural Foods by 1.0% during the 4th quarter. State Street Corp now owns 2,389,186 shares of the company’s stock worth $80,444,000 after acquiring an additional 23,967 shares in the last quarter. SG Americas Securities LLC grew its position in shares of United Natural Foods by 155.1% during the 1st quarter. SG Americas Securities LLC now owns 1,732,060 shares of the company’s stock valued at $78,047,000 after acquiring an additional 1,053,081 shares during the period. Geode Capital Management LLC grew its position in shares of United Natural Foods by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 1,468,591 shares of the company’s stock valued at $49,456,000 after acquiring an additional 41,674 shares during the period. Finally, Arrowstreet Capital Limited Partnership increased its stake in shares of United Natural Foods by 40.4% in the 3rd quarter. Arrowstreet Capital Limited Partnership now owns 1,300,414 shares of the company’s stock valued at $48,922,000 after purchasing an additional 374,487 shares in the last quarter. 87.63% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider Mark Bushway sold 10,000 shares of the business’s stock in a transaction that occurred 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 in the company, valued at approximately $2,635,695.64. The trade was a 16.36% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.40% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Zacks Research cut United Natural Foods from a “strong-buy” rating to a “hold” rating in a report on Monday, August 3rd. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a report on Monday, July 6th. BMO Capital Markets restated an “outperform” rating and issued a $56.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. Wall Street Zen downgraded United Natural Foods from a “buy” rating to a “hold” rating in a research note on Sunday, July 12th. Finally, The Goldman Sachs Group reiterated a “neutral” rating and set a $47.00 target price on shares of United Natural Foods in a research report on Wednesday, June 10th. Two research analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, United Natural Foods presently has a consensus rating of “Hold” and an average target price of $47.86.

United Natural Foods Stock Down 2.7%

UNFI opened at $45.99 on Friday. The company has a market cap of $2.78 billion, a PE ratio of -69.68 and a beta of 0.84. United Natural Foods, Inc. has a twelve month low of $27.63 and a twelve month high of $57.02. The company has a 50-day moving average price of $48.31 and a 200 day moving average price of $46.63. The company has a quick ratio of 0.51, a current ratio of 1.33 and a debt-to-equity ratio of 1.04.

United Natural Foods (NYSE:UNFI) last posted its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.81 by ($0.04). United Natural Foods had a positive return on equity of 7.42% and a negative net margin of 0.12%.The firm had revenue of $7.72 billion during the quarter, compared to analyst estimates of $7.79 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. 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. Sell-side analysts expect that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal 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.