Assenagon Asset Management S.A. Sells 37,281 Shares of US Foods Holding Corp. $USFD

Assenagon Asset Management S.A. reduced its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 88.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,800 shares of the company's stock after selling 37,281 shares during the period. Assenagon Asset Management S.A.'s holdings in US Foods were worth $491,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of the stock. Royal Bank of Canada grew its position in shares of US Foods by 85.8% in the 1st quarter. Royal Bank of Canada now owns 148,512 shares of the company's stock worth $9,722,000 after buying an additional 68,567 shares during the period. Empowered Funds LLC bought a new stake in US Foods during the first quarter worth about $359,000. Sivia Capital Partners LLC bought a new stake in US Foods during the second quarter worth about $526,000. Brown Advisory Inc. purchased a new stake in US Foods in the second quarter worth about $252,000. Finally, Cerity Partners LLC grew its holdings in US Foods by 20.5% in the second quarter. Cerity Partners LLC now owns 47,977 shares of the company's stock worth $3,695,000 after purchasing an additional 8,162 shares during the period. 98.76% of the stock is owned by institutional investors.

US Foods Trading Down 1.2%

US Foods stock opened at $108.72 on Friday. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.14 and a quick ratio of 0.70. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42. The stock has a market capitalization of $23.52 billion, a PE ratio of 33.45, a price-to-earnings-growth ratio of 1.40 and a beta of 0.81. The business's fifty day moving average is $99.16 and its 200 day moving average is $92.86.

US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.08. The business had revenue of $10.53 billion for the quarter, compared to analysts' expectations of $10.46 billion. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.19 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, sell-side analysts predict that US Foods Holding Corp. will post 4.35 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently weighed in on USFD. Citigroup upped their price target on US Foods from $110.00 to $124.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Piper Sandler lifted their price objective on US Foods from $88.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday. Morgan Stanley set a $107.00 target price on US Foods in a report on Friday, August 7th. TD Cowen increased their target price on US Foods from $116.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Finally, BMO Capital Markets restated an "outperform" rating and set a $120.00 price target on shares of US Foods in a report on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $113.92.

Insider Buying and Selling

In other news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction 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 transaction, the insider directly owned 73,618 shares of the company's stock, valued at $8,125,218.66. This represents a 13.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider William Spencer Hancock sold 21,754 shares of the business's stock in a transaction dated Friday, August 7th. The shares were sold at an average price of $108.29, for a total value of $2,355,740.66. Following the sale, the insider owned 101,144 shares of the company's stock, valued at approximately $10,952,883.76. This represents a 17.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 0.74% of the company's stock.

US Foods Company Profile

US Foods NYSE: USFD is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.

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