Mackenzie Financial Corp Strategically Reduces Holdings in United Natural Foods, for Long-Term Growth
July 14, 2023
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Mackenzie Financial Corp, an independent, Canadian-based investment firm, recently announced their strategic long-term growth plan which includes decreasing holdings in United Natural Foods ($NYSE:UNFI), Inc. (UNFI). UNFI is a leading international distributor of natural, organic, and specialty foods, nutritional supplements, and related products. Mackenzie Financial Corp’s decision to reduce holdings in UNFI is part of a long-term strategy to help the company achieve sustainable growth.
The strategic reduction of UNFI holdings will give Mackenzie Financial Corp the ability to diversify their portfolio and invest in other markets. This move is expected to benefit both Mackenzie Financial Corp and UNFI in the long run.
Stock Price
The stock opened at $19.6 and ended the day at $20.6, up 5.0% from its previous closing price of $19.6. This shift is a strategic move to ensure the company’s long-term growth and sustainability in the future. UNFI is one of the leading national distributors of natural and organic foods, specialty foods, and related products in the United States and Canada.
Mackenzie Financial Corp’s decision to reduce their holdings in UNFI indicates a shift in focus towards other investments that may provide greater long-term growth potential. By doing so, Mackenzie Financial Corp is ensuring their investments will be best positioned to benefit from sustainable growth for the future. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for UNFI. More…
| Total Revenues | Net Income | Net Margin |
| 30.13k | 131 | 0.5% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for UNFI. More…
| Operations | Investing | Financing |
| 764 | -305 | -469 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for UNFI. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 7.64k | 5.8k | 31.1 |
Key Ratios Snapshot
Some of the financial key ratios for UNFI are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 6.1% | 22.1% | 1.0% |
| FCF Margin | ROE | ROA |
| 1.5% | 10.0% | 2.4% |
Analysis
GoodWhale has conducted an analysis of UNITED NATURAL FOODS’s wellbeing and concluded that the company is classified as a ‘rhino’, meaning it has achieved moderate revenue or earnings growth. Our Star Chart shows this company is strong in cashflow and debt, and has a high health score of 8/10, which shows that it is capable of paying off debt and funding future operations. However, UNITED NATURAL FOODS is only medium in asset, growth, profitability, and weak in dividend. These results may be attractive to certain types of investors who are looking to invest in a company with moderate revenue and earnings growth but a high health score. Additionally, investors who are willing to take on lower dividend yields may find this opportunity attractive. More…
Peers
This company faces stiff competition from other industry players such as SpartanNash Co, Globrands Group Ltd, and Healthier Choices Management Corp. These other companies have their own unique strategies and offerings that compete with the offerings of United Natural Foods Inc. The ongoing competition between these companies will have a significant impact on the future of the natural and organic food products industry.
– SpartanNash Co ($NASDAQ:SPTN)
SpartanNash Co is a food distributor and retailer located in the United States. The company is the largest food distributor serving military commissaries and exchanges in the United States. As of 2022, SpartanNash Co has a market cap of 1.09B, reflecting an increase of 53% over the previous year. Additionally, the company has a Return on Equity (ROE) of 7.43%, indicating that the company is performing well. The strong ROE and increasing market cap is a sign that SpartanNash Co is doing a good job in managing its operations, investments and financial activities.
– Globrands Group Ltd ($OTCPK:GLBGF)
Healthier Choices Management Corp is a health and wellness company that brings healthy, affordable products to consumers. The company has a market cap of 50.96M as of 2022, which is indicative of a mid-size company. Healthier Choices Management Corp has a negative Return on Equity of -16.63%, which indicates that the company may not be generating returns on its investments. This could be due to the company investing in new products or services in an effort to increase sales or market share. Despite this, Healthier Choices Management Corp continues to be a leader in the health and wellness industry with its innovative products and services.
Summary
United Natural Foods, Inc. (UNFI) recently experienced a significant change in its portfolio when Mackenzie Financial Corp reduced their stake in the company. This strategic move is likely indicative of an effort to strengthen the company’s long-term growth prospects, as the stock price saw a positive move on the day of the announcement. Analysts suggest that this move may be motivated by UNFI’s ability to increase revenues during the pandemic and a focus on areas such as health and wellness, which could bring in long-term growth. Investors should continue to monitor the company’s progress as changes to their portfolio are completed.
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