Northwestern Mutual Wealth Management Co. Increases Stock Holdings in United Natural Foods, Inc. $UNFI

Northwestern Mutual Wealth Management Co. grew its stake in United Natural Foods, Inc. (NYSE:UNFI) by 39.7% during the second quarter, HoldingsChannel reports. The firm owned 130,250 shares of the company’s stock after purchasing an additional 37,030 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in United Natural Foods were worth $5,949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently modified their holdings of UNFI. Brighton Jones LLC acquired a new position in United Natural Foods in the 4th quarter valued at $656,000. AQR Capital Management LLC boosted its holdings in shares of United Natural Foods by 52.5% in the first quarter. AQR Capital Management LLC now owns 111,854 shares of the company’s stock valued at $3,064,000 after acquiring an additional 38,504 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of United Natural Foods by 5.1% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 35,117 shares of the company’s stock worth $962,000 after acquiring an additional 1,703 shares during the period. Millennium Management LLC raised its holdings in United Natural Foods by 58.1% during the first quarter. Millennium Management LLC now owns 332,973 shares of the company’s stock worth $9,120,000 after purchasing an additional 122,412 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in United Natural Foods by 10.4% in the 1st quarter. Goldman Sachs Group Inc. now owns 625,481 shares of the company’s stock valued at $17,132,000 after purchasing an additional 58,705 shares in the last quarter. 87.63% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Natural Foods news, insider Mark Bushway sold 10,000 shares of the firm’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 completion of the transaction, the insider owned 51,119 shares of the company’s stock, valued at approximately $2,635,695.64. This trade represents a 16.36% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 2.40% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on UNFI shares. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $47.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th. 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. Zacks Research downgraded shares of United Natural Foods from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 3rd. Wall Street Zen cut United Natural Foods from a “buy” rating to a “hold” rating in a report on Sunday, July 12th. Finally, UBS Group raised their price objective 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. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, United Natural Foods presently has a consensus rating of “Hold” and an average price target of $47.86.

United Natural Foods Stock Performance

NYSE:UNFI opened at $43.64 on Friday. The company has a current ratio of 1.33, a quick ratio of 0.51 and a debt-to-equity ratio of 1.04. The firm has a 50-day moving average price of $47.75 and a two-hundred day moving average price of $46.80. United Natural Foods, Inc. has a twelve month low of $27.97 and a twelve month high of $57.02. The company has a market capitalization of $2.64 billion, a P/E ratio of -66.12 and a beta of 0.80.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results 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 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 analysts’ expectations of $7.79 billion. During the same period last year, the company earned $0.44 EPS. The firm’s revenue for the quarter 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, research analysts expect that United Natural Foods, Inc. will post 2.52 earnings per share for the current fiscal year.

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.