Amundi Increases Stock Position in US Foods Holding Corp. $USFD

Key Points

• Amundi more than doubled its US Foods position in the second quarter, increasing holdings by 115% to 111,705 shares valued at approximately $11.4 million. Institutional investors collectively own 98.76% of the company.
• Wall Street remains generally bullish, with 11 analysts rating US Foods a Buy and four rating it a Hold. The stock has an average price target of $113.92, above its reported trading price of $95.44.
• US Foods exceeded quarterly expectations, reporting $1.44 in earnings per share versus the $1.36 consensus and $10.53 billion in revenue, up 4.5% year over year. Two company insiders separately sold shares in August.

Amundi boosted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 115.0% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 111,705 shares of the company's stock after purchasing an additional 59,738 shares during the period. Amundi owned approximately 0.05% of US Foods worth $11,422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Callan Family Office LLC purchased a new position in US Foods in the second quarter valued at about $1,762,000. SaddleRock Capital Management LLC purchased a new stake in US Foods during the 2nd quarter worth approximately $7,058,000. Fifth Third Bancorp raised its position in shares of US Foods by 2,548.1% in the 1st quarter. Fifth Third Bancorp now owns 75,392 shares of the company's stock valued at $6,952,000 after purchasing an additional 72,545 shares in the last quarter. BlackRock Inc. purchased a new position in shares of US Foods during the 2nd quarter valued at approximately $2,131,439,000. Finally, University of Texas Texas AM Investment Management Co. acquired a new stake in shares of US Foods during the fourth quarter worth approximately $4,221,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have commented on USFD shares. BTIG Research increased their price objective on shares of US Foods from $105.00 to $120.00 and gave the company a "buy" rating in a research note on Friday, August 7th. UBS Group boosted their target price on shares of US Foods from $117.00 to $127.00 and gave the stock a "buy" rating in a research report on Friday, August 7th. Zacks Research upgraded shares of US Foods from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Wells Fargo & Company lifted their price target on US Foods from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Morgan Stanley set a $107.00 price objective on US Foods in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $113.92.

US Foods Trading Down 0.6%

US Foods stock opened at $95.44 on Friday. The firm's 50-day moving average is $103.09 and its 200-day moving average is $94.90. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $111.42. The company has a market cap of $20.65 billion, a P/E ratio of 29.37, a PEG ratio of 1.22 and a beta of 0.82.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, August 6th. The company reported $1.44 earnings per share for the quarter, beating analysts' consensus estimates of $1.36 by $0.08. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The business had revenue of $10.53 billion during the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the prior year, the firm earned $1.19 EPS. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, equities analysts expect that US Foods Holding Corp. will post 4.41 earnings per share for the current year.

Insider Activity at US Foods

In related news, insider Randy J. Taylor sold 11,630 shares of the business's stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the completion of the transaction, the insider owned 73,618 shares in the company, valued at $8,125,218.66. The trade was a 13.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the completion of the sale, the insider directly owned 101,144 shares in the company, valued at $10,952,883.76. This represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company insiders own 0.74% of the company's stock.

US Foods Profile

US Foods Holding Corp. NYSE: USFD is a major foodservice distributor serving restaurants and other food-away-from-home businesses across the United States. The company supplies independent and multi-unit restaurants, healthcare organizations, hospitality businesses, educational institutions, government facilities and other commercial customers.

Its product portfolio includes fresh produce, meat and seafood, dairy products, frozen and dry groceries, beverages, ingredients, disposable supplies, kitchen equipment and other foodservice-related products.

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