Bank of America Corp DE Invests $137.42 Million in US Foods Holding Corp. $USFD

Key Points

• Bank of America acquired 1.34 million US Foods shares worth approximately $137.4 million, representing about 0.62% of the company. Institutional investors collectively own 98.76% of US Foods.
• US Foods exceeded quarterly expectations, reporting $1.44 EPS versus the $1.36 consensus and $10.53 billion in revenue, up 4.5% year over year.
• Analysts maintain a generally positive outlook, with an average rating of “Moderate Buy” and a consensus price target of $113.92; shares recently traded at $92.01.

Bank of America Corp DE bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,343,986 shares of the company's stock, valued at approximately $137,423,000. Bank of America Corp DE owned about 0.62% of US Foods as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of USFD. Keating Financial Advisory Services Inc. acquired a new position in shares of US Foods in the 2nd quarter valued at about $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in US Foods during the second quarter worth approximately $28,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in US Foods during the second quarter worth approximately $39,000. Nalls Sherbakoff Group LLC acquired a new stake in US Foods during the fourth quarter worth approximately $36,000. Finally, Western Wealth Management LLC bought a new stake in US Foods in the first quarter worth approximately $46,000. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Trading Down 0.5%

NYSE:USFD opened at $92.01 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 company has a market cap of $19.91 billion, a PE ratio of 28.31, a PEG ratio of 1.18 and a beta of 0.82. The firm has a 50-day moving average of $102.39 and a 200-day moving average of $94.80.

US Foods (NYSE:USFD - Get Free Report) last announced 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. 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 for the quarter, compared to analysts' expectations of $10.46 billion. During the same quarter last year, the firm earned $1.19 EPS. The firm'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. As a group, equities research analysts expect that US Foods Holding Corp. will post 4.4 EPS for the current fiscal year.

Insider Buying and Selling at US Foods

In related 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 value of $1,283,603.10. Following the completion of the sale, the insider directly owned 73,618 shares of the company's stock, valued at approximately $8,125,218.66. This represents a 13.64% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider William Spencer Hancock sold 21,754 shares of the firm's stock in a transaction on 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 transaction, the insider owned 101,144 shares in the company, valued at approximately $10,952,883.76. This trade represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.74% of the company's stock.

Analyst Ratings Changes

Several brokerages have issued reports on USFD. Piper Sandler boosted their price target on US Foods from $88.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. BMO Capital Markets reaffirmed an "outperform" rating and set a $120.00 price objective on shares of US Foods in a research report on Friday, August 7th. Wells Fargo & Company lifted their price objective on shares of US Foods from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Wall Street Zen upgraded shares of US Foods from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. Finally, Guggenheim increased their target price on shares of US Foods from $115.00 to $120.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $113.92.

About US Foods

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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