United Natural Foods, Inc. $UNFI Stake Boosted by Fifth Third Bancorp

Fifth Third Bancorp grew its position in United Natural Foods, Inc. (NYSE:UNFI) by 3,182.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 34,265 shares of the company’s stock after purchasing an additional 33,221 shares during the period. Fifth Third Bancorp’s holdings in United Natural Foods were worth $1,544,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Hsbc Holdings PLC grew its holdings in shares of United Natural Foods by 137.1% during the first quarter. Hsbc Holdings PLC now owns 87,297 shares of the company’s stock valued at $3,909,000 after buying an additional 50,483 shares in the last quarter. Kestra Advisory Services LLC lifted its stake in United Natural Foods by 167.9% in the 1st quarter. Kestra Advisory Services LLC now owns 5,131 shares of the company’s stock worth $231,000 after acquiring an additional 3,216 shares in the last quarter. Swedbank AB acquired a new stake in United Natural Foods during the 1st quarter worth about $9,733,000. Revisor Wealth Management LLC grew its stake in United Natural Foods by 4.7% during the 1st quarter. Revisor Wealth Management LLC now owns 6,188 shares of the company’s stock valued at $279,000 after acquiring an additional 278 shares in the last quarter. Finally, HB Wealth Management LLC acquired a new position in shares of United Natural Foods in the 1st quarter valued at about $200,000. Institutional investors and hedge funds own 87.63% of the company’s stock.

United Natural Foods Stock Down 2.8%

Shares of UNFI stock opened at $48.70 on Friday. The stock’s 50 day simple moving average is $49.72 and its 200 day simple moving average is $44.45. United Natural Foods, Inc. has a twelve month low of $24.88 and a twelve month high of $57.02. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.51 and a current ratio of 1.33. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of -73.78 and a beta of 0.83.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, June 9th. The company reported $0.77 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 company had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.79 billion. During the same quarter last year, the business earned $0.44 EPS. The company’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 predict that United Natural Foods, Inc. will post 2.52 EPS for the current year.

Analyst Ratings Changes

Several research firms have weighed in on UNFI. Wells Fargo & Company upgraded shares of United Natural Foods from an “equal weight” rating to an “overweight” rating and upped their price objective for the company from $40.00 to $56.00 in a research note on Thursday, March 26th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of United Natural Foods in a research note on Monday, July 6th. Zacks Research upgraded United Natural Foods from a “hold” rating to a “strong-buy” rating in a report on Friday, July 3rd. BMO Capital Markets reissued an “outperform” rating and set a $56.00 price objective on shares of United Natural Foods in a research report on Wednesday, June 10th. Finally, Roth Capital restated a “neutral” rating and issued a $43.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. One investment 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. According to MarketBeat.com, United Natural Foods presently has a consensus rating of “Hold” and an average target price of $47.86.

Insiders Place Their Bets

In related news, insider Mark Bushway sold 10,000 shares of United Natural Foods stock in a transaction on Tuesday, June 23rd. The shares were sold at an average price of $51.56, for a total value of $515,600.00. Following the transaction, the insider owned 51,119 shares in the company, valued at $2,635,695.64. This trade represents a 16.36% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Danielle Benedict sold 4,807 shares of the business’s stock in a transaction on Wednesday, May 6th. The stock was sold at an average price of $52.00, for a total transaction of $249,964.00. Following the transaction, the insider directly owned 98,470 shares of the company’s stock, valued at approximately $5,120,440. This represents a 4.65% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Company insiders own 2.40% of the company’s stock.

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.