BlackRock Amends UNFI Stake to 10.5% as of Dec 31, 2023
Ticker: UNFI · Form: SC 13G/A · Filed: Jan 22, 2024 · CIK: 1020859
| Field | Detail |
|---|---|
| Company | United Natural Foods INC (UNFI) |
| Form Type | SC 13G/A |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, passive-investing
TL;DR
**BlackRock still owns 10.5% of UNFI, showing continued institutional interest.**
AI Summary
BlackRock Inc. filed an amended SC 13G/A on January 22, 2024, disclosing its ownership in United Natural Foods Inc. As of December 31, 2023, BlackRock reported beneficial ownership of 6,293,981 shares of Common Stock, representing 10.5% of the company. This is an amendment (Amendment No. 3), indicating a change in their previously reported stake. For investors, this shows that a major institutional investor like BlackRock maintains a significant, albeit slightly reduced, position in UNFI, which could signal continued confidence or a strategic rebalancing of their portfolio.
Why It Matters
This filing reveals BlackRock's updated ownership in United Natural Foods Inc., providing insight into a major institutional investor's current conviction in the stock.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of institutional ownership and does not indicate any immediate significant risk to the company or its investors.
Analyst Insight
Investors should note BlackRock's continued significant ownership in UNFI, but also recognize that institutional holdings can change. This filing provides a snapshot of their position as of December 31, 2023, and future filings will show any further adjustments.
Key Numbers
- 6,293,981 — Shares Beneficially Owned (Represents BlackRock's total stake in United Natural Foods Inc. as of December 31, 2023.)
- 10.5% — Percentage of Class (Indicates BlackRock's significant ownership percentage in United Natural Foods Inc.)
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- United Natural Foods Inc. (company) — the subject company whose securities are being reported
- 6,293,981 (dollar_amount) — number of shares beneficially owned by BlackRock Inc.
- 10.5% (dollar_amount) — percentage of class beneficially owned by BlackRock Inc.
- December 31, 2023 (date) — the date of the event requiring the filing
Forward-Looking Statements
- BlackRock will likely maintain a significant, but potentially fluctuating, stake in United Natural Foods Inc. in the near future. (BlackRock Inc.) — medium confidence, target: Q2 2024
FAQ
What is the purpose of this SC 13G/A filing?
This SC 13G/A filing is an amendment (Amendment No. 3) by BlackRock Inc. to disclose its beneficial ownership of Common Stock in United Natural Foods Inc. as of December 31, 2023, as required by the Securities Exchange Act of 1934 under Rule 13d-1(b).
Who is the reporting person in this filing?
The reporting person is BlackRock Inc., a major institutional investment manager, with its business address at 50 Hudson Yards, New York, NY 10001.
What is the subject company and its CUSIP number?
The subject company is UNITED NATURAL FOODS INC, and the CUSIP number for its Common Stock is 911163103.
How many shares of United Natural Foods Inc. Common Stock does BlackRock Inc. beneficially own according to this filing?
BlackRock Inc. beneficially owns 6,293,981 shares of United Natural Foods Inc. Common Stock, which represents 10.5% of the class, as reported on December 31, 2023.
When was this amendment filed and what does 'Amendment No: 3' signify?
This amendment was filed on January 22, 2024. 'Amendment No: 3' signifies that this is the third revision or update to BlackRock's initial Schedule 13G filing regarding its ownership in United Natural Foods Inc., indicating a change in their previously reported stake.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 22, 2024 regarding UNITED NATURAL FOODS INC (UNFI).