Hsbc Holdings PLC Purchases New Holdings in United Natural Foods, Inc. $UNFI

Hsbc Holdings PLC purchased a new stake in United Natural Foods, Inc. (NYSE:UNFI) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 258,586 shares of the company’s stock, valued at approximately $11,761,000. Hsbc Holdings PLC owned approximately 0.43% of United Natural Foods as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in UNFI. Brighton Jones LLC purchased a new position in United Natural Foods during the 4th quarter worth $656,000. Sanctuary Advisors LLC purchased a new stake in shares of United Natural Foods during the second quarter worth about $2,493,000. Intech Investment Management LLC increased its holdings in shares of United Natural Foods by 312.3% during the fourth quarter. Intech Investment Management LLC now owns 159,123 shares of the company’s stock valued at $5,358,000 after acquiring an additional 120,525 shares in the last quarter. BlackRock Inc. purchased a new position in shares of United Natural Foods in the 2nd quarter valued at approximately $477,650,000. Finally, Louisiana State Employees Retirement System purchased a new position in shares of United Natural Foods in the 1st quarter valued at approximately $1,217,000. Institutional investors own 87.63% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on UNFI. Wall Street Zen downgraded shares of United Natural Foods from a “buy” rating to a “hold” rating in a research report on Sunday, July 12th. UBS Group lifted their price objective on shares of United Natural Foods from $44.00 to $47.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 10th. Roth Capital reissued a “neutral” rating and set a $43.00 price objective on shares of United Natural Foods in a report on Wednesday, June 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of United Natural Foods in a research report on Monday, July 6th. Finally, The Goldman Sachs Group restated a “neutral” rating and issued a $47.00 target price on shares of United Natural Foods in a research note on Wednesday, June 10th. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $47.86.

United Natural Foods Price Performance

Shares of NYSE:UNFI opened at $45.99 on Friday. United Natural Foods, Inc. has a twelve month low of $27.63 and a twelve month high of $57.02. 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 company has a market cap of $2.78 billion, a PE ratio of -69.68 and a beta of 0.84. The company’s 50 day moving average is $48.31 and its 200 day moving average is $46.63.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings data on Tuesday, June 9th. The company reported $0.77 EPS for the quarter, missing the consensus estimate of $0.81 by ($0.04). The business had revenue of $7.72 billion for the quarter, compared to analyst estimates of $7.79 billion. United Natural Foods had a negative net margin of 0.12% and a positive return on equity of 7.42%. The business’s revenue was down 4.2% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.44 earnings per share. United Natural Foods has set its FY 2026 guidance at 2.400-2.600 EPS. On average, sell-side analysts forecast that United Natural Foods, Inc. will post 2.52 EPS for the current year.

Insider Transactions at United Natural Foods

In other United Natural Foods news, insider Mark Bushway sold 10,000 shares of the company’s 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 sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.40% of the stock is owned by corporate insiders.

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.