Bank of New York Mellon Corp Buys Shares of 1,249,298 US Foods Holding Corp. $USFD

Key Points

• Bank of New York Mellon initiated a position in US Foods by purchasing 1.25 million shares valued at approximately $127.7 million, while institutional investors collectively own 98.76% of the company.
• US Foods reported quarterly earnings of $1.44 per share, beating estimates of $1.36, on revenue of $10.53 billion—up 4.5% year over year. Analysts project $4.41 in current-year EPS.
• Analyst sentiment remains positive, with 11 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $113.92; shares recently traded at $109.52.

Bank of New York Mellon Corp purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 1,249,298 shares of the company's stock, valued at approximately $127,741,000. Bank of New York Mellon Corp owned about 0.57% of US Foods as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Measured Wealth Private Client Group LLC bought a new position in US Foods during the third quarter worth $26,000. Nalls Sherbakoff Group LLC bought a new stake in US Foods during the fourth quarter valued at $36,000. Geneos Wealth Management Inc. boosted its position in US Foods by 120.1% during the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company's stock valued at $37,000 after acquiring an additional 263 shares during the last quarter. Western Wealth Management LLC acquired a new stake in US Foods during the 1st quarter worth about $46,000. Finally, Caitong International Asset Management Co. Ltd acquired a new stake in US Foods during the 3rd quarter worth about $49,000. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Stock Down 0.1%

Shares of NYSE:USFD opened at $109.52 on Monday. The business's 50 day simple moving average is $100.96 and its two-hundred day simple moving average is $93.81. The firm has a market cap of $23.69 billion, a P/E ratio of 33.70, a PEG ratio of 1.39 and a beta of 0.81. 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 52-week low of $69.88 and a 52-week high of $111.42.

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

Analyst Ratings Changes

A number of brokerages have recently issued reports on USFD. Wells Fargo & Company boosted their price objective on US Foods from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Zacks Research raised US Foods from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Citigroup lifted their target price on US Foods from $110.00 to $124.00 and gave the stock a "buy" rating in a report on Friday, August 7th. 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. Finally, Weiss Ratings restated a "buy (b)" rating on shares of US Foods in a report on Wednesday, July 29th. Eleven analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, US Foods currently has an average rating of "Moderate Buy" and an average target price of $113.92.

Insider Transactions at US Foods

In related 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 transaction, the insider owned 101,144 shares of the company's stock, valued at approximately $10,952,883.76. This trade represents a 17.70% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction dated 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. Additional details regarding this sale are available in the official SEC disclosure. Corporate 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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