Corebridge Financial Inc. Reduces Stock Position in United Natural Foods, Inc. $UNFI

Corebridge Financial Inc. cut its holdings in shares of United Natural Foods, Inc. (NYSE:UNFI) by 1.9% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 30,721 shares of the company’s stock after selling 605 shares during the quarter. Corebridge Financial Inc. owned approximately 0.05% of United Natural Foods worth $841,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently bought and sold shares of UNFI. Caitong International Asset Management Co. Ltd increased its holdings in shares of United Natural Foods by 1,672.7% in the 1st quarter. Caitong International Asset Management Co. Ltd now owns 975 shares of the company’s stock valued at $27,000 after acquiring an additional 920 shares during the last quarter. Picton Mahoney Asset Management bought a new stake in shares of United Natural Foods in the 1st quarter valued at approximately $69,000. Skandinaviska Enskilda Banken AB publ bought a new stake in shares of United Natural Foods in the 1st quarter valued at approximately $73,000. KBC Group NV bought a new stake in shares of United Natural Foods in the 1st quarter valued at approximately $78,000. Finally, CWM LLC increased its holdings in shares of United Natural Foods by 19.5% in the 1st quarter. CWM LLC now owns 3,229 shares of the company’s stock valued at $88,000 after acquiring an additional 526 shares during the last quarter. 87.63% of the stock is currently owned by hedge funds and other institutional investors.

United Natural Foods Price Performance

Shares of UNFI opened at $28.96 on Friday. The company has a market cap of $1.75 billion, a P/E ratio of -25.18 and a beta of 0.90. The stock has a fifty day moving average price of $26.36 and a 200 day moving average price of $26.60. The company has a debt-to-equity ratio of 1.21, a current ratio of 1.41 and a quick ratio of 0.51. United Natural Foods, Inc. has a 12 month low of $13.84 and a 12 month high of $34.76.

United Natural Foods (NYSE:UNFI) last announced its quarterly earnings results on Tuesday, June 10th. The company reported $0.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.22. United Natural Foods had a positive return on equity of 3.13% and a negative net margin of 0.21%.The company had revenue of $8.06 billion during the quarter, compared to analyst estimates of $7.78 billion. During the same quarter in the previous year, the firm posted $0.10 EPS. The firm’s quarterly revenue was up 7.5% on a year-over-year basis. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. On average, research analysts forecast that United Natural Foods, Inc. will post 0.76 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. The Goldman Sachs Group lowered their price target on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft set a $24.00 price target on United Natural Foods and gave the company a “hold” rating in a report on Thursday, June 12th. UBS Group boosted their price target on United Natural Foods from $26.00 to $29.00 and gave the company a “neutral” rating in a report on Thursday, July 17th. Wells Fargo & Company upgraded United Natural Foods from an “underweight” rating to an “equal weight” rating and upped their price objective for the stock from $25.00 to $26.00 in a research note on Wednesday, July 16th. Finally, Northcoast Research upgraded United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price objective for the company in a research note on Tuesday, July 22nd. Two investment analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the company’s stock. According to MarketBeat.com, United Natural Foods currently has an average rating of “Hold” and a consensus price target of $28.13.

United Natural Foods Profile

United Natural Foods, Inc, together with its subsidiaries, distributes natural, organic, specialty, produce, and conventional grocery and non-food products in the United States and Canada. It operates in two segments, Wholesale and Retail. The company offers grocery and general merchandise, produce, perishables and frozen foods, wellness and personal care items, and bulk and foodservice products.