AXQ Capital LP Grows Position in US Foods Holding Corp. $USFD

Key Points

• AXQ Capital increased its US Foods stake by 69.9% in the second quarter, adding 10,898 shares to hold 26,500 shares valued at approximately $2.71 million. Institutional investors collectively own 98.76% of the company.
• Analyst sentiment is favorable, with 11 Buy ratings and four Holds producing a consensus “Moderate Buy” rating and an average price target of $113.92. UBS, BTIG Research, and Piper Sandler recently raised their price targets.
• US Foods exceeded quarterly expectations, reporting adjusted EPS of $1.44 versus the $1.36 consensus and revenue of $10.53 billion, up 4.5% year over year. Meanwhile, two insiders sold shares worth a combined roughly $3.64 million.

AXQ Capital LP boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 69.9% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,500 shares of the company's stock after purchasing an additional 10,898 shares during the period. AXQ Capital LP's holdings in US Foods were worth $2,710,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Porfolio Solutions LLC increased its position in US Foods by 1.4% during the fourth quarter. Orion Porfolio Solutions LLC now owns 7,108 shares of the company's stock valued at $535,000 after acquiring an additional 101 shares during the last quarter. Crossmark Global Holdings Inc. lifted its stake in shares of US Foods by 0.7% in the 4th quarter. Crossmark Global Holdings Inc. now owns 18,357 shares of the company's stock worth $1,383,000 after purchasing an additional 134 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in shares of US Foods by 7.5% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,910 shares of the company's stock worth $195,000 after purchasing an additional 134 shares in the last quarter. Root Financial Partners LLC raised its stake in shares of US Foods by 22.4% in the fourth quarter. Root Financial Partners LLC now owns 840 shares of the company's stock worth $63,000 after buying an additional 154 shares during the period. Finally, Brooklyn Investment Group lifted its holdings in US Foods by 0.9% during the fourth quarter. Brooklyn Investment Group now owns 18,469 shares of the company's stock valued at $1,413,000 after purchasing an additional 157 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on USFD. Weiss Ratings reaffirmed a "buy (b)" rating on shares of US Foods in a report on Wednesday, July 29th. Piper Sandler increased their price objective on shares of US Foods from $88.00 to $108.00 and gave the company a "neutral" rating in a report on Wednesday, August 12th. BTIG Research lifted their price objective on shares of US Foods from $105.00 to $120.00 and gave the company a "buy" rating in a research report 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 report on Friday, August 7th. Finally, Wall Street Zen upgraded shares of US Foods from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $113.92.

Insider Transactions at US Foods

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

US Foods Price Performance

Shares of US Foods stock opened at $104.48 on Friday. The stock has a market cap of $22.60 billion, a price-to-earnings ratio of 32.15, a price-to-earnings-growth ratio of 1.33 and a beta of 0.82. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. The stock has a 50 day moving average price of $103.33 and a 200-day moving average price of $94.77. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42.

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

About US Foods

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.

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp. (NYSE:USFD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source