MetLife Investment Management LLC Cuts Holdings in United Natural Foods, Inc. $UNFI

MetLife Investment Management LLC reduced its position in United Natural Foods, Inc. (NYSE:UNFI) by 1.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 34,993 shares of the company’s stock after selling 535 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of United Natural Foods worth $958,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in UNFI. Nuveen LLC purchased a new position in shares of United Natural Foods in the 1st quarter worth $24,171,000. American Century Companies Inc. raised its position in shares of United Natural Foods by 20.6% in the 1st quarter. American Century Companies Inc. now owns 2,433,948 shares of the company’s stock worth $66,666,000 after buying an additional 415,700 shares during the period. BNP Paribas Financial Markets raised its position in shares of United Natural Foods by 241.1% in the 4th quarter. BNP Paribas Financial Markets now owns 369,043 shares of the company’s stock worth $10,079,000 after buying an additional 260,862 shares during the period. Nuveen Asset Management LLC raised its position in shares of United Natural Foods by 37.9% in the 4th quarter. Nuveen Asset Management LLC now owns 881,982 shares of the company’s stock worth $24,087,000 after buying an additional 242,293 shares during the period. Finally, Edgestream Partners L.P. purchased a new position in shares of United Natural Foods in the 1st quarter worth $4,571,000. 87.63% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on UNFI. Deutsche Bank Aktiengesellschaft set a $24.00 target price on United Natural Foods and gave the stock a “hold” rating in a research report on Thursday, June 12th. UBS Group raised their price objective on United Natural Foods from $26.00 to $29.00 and gave the company a “neutral” rating in a research report on Thursday, July 17th. The Goldman Sachs Group cut their price objective on United Natural Foods from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Thursday, June 12th. BMO Capital Markets cut their price objective on United Natural Foods from $32.00 to $25.00 and set a “market perform” rating on the stock in a research report on Thursday, June 12th. Finally, Northcoast Research raised United Natural Foods from a “neutral” rating to a “buy” rating and set a $36.00 price objective on the stock in a research report on Tuesday, July 22nd. Two analysts have rated the stock with a Buy rating and seven have given a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $28.13.

United Natural Foods Stock Up 0.2%

Shares of NYSE UNFI opened at $28.96 on Friday. United Natural Foods, Inc. has a 1 year low of $13.84 and a 1 year high of $34.76. The firm has a market cap of $1.75 billion, a price-to-earnings ratio of -25.18 and a beta of 0.90. The company has a debt-to-equity ratio of 1.21, a quick ratio of 0.51 and a current ratio of 1.41. The stock’s 50-day simple moving average is $26.36 and its 200-day simple moving average is $26.60.

United Natural Foods (NYSE:UNFI) last announced its 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 business had revenue of $8.06 billion for the quarter, compared to analyst estimates of $7.78 billion. During the same period in the previous year, the company earned $0.10 earnings per share. The company’s revenue for the quarter was up 7.5% compared to the same quarter last year. United Natural Foods has set its FY 2025 guidance at 0.700-0.900 EPS. As a group, equities analysts anticipate that United Natural Foods, Inc. will post 0.76 earnings per share for the current fiscal year.

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.