Corient Private Wealth LP acquired a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 69,580 shares of the company's stock, valued at approximately $7,114,000.
A number of other hedge funds have also made changes to their positions in the business. BlackRock Inc. purchased a new stake in US Foods during the 2nd quarter worth $2,131,439,000. Primecap Management Co. CA purchased a new position in US Foods in the second quarter valued at about $406,997,000. Price T Rowe Associates Inc. MD lifted its stake in shares of US Foods by 412.9% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,165,611 shares of the company's stock worth $313,755,000 after purchasing an additional 3,353,396 shares in the last quarter. Bank of Montreal Can boosted its position in shares of US Foods by 8,056.1% in the fourth quarter. Bank of Montreal Can now owns 2,866,721 shares of the company's stock worth $215,921,000 after buying an additional 2,831,573 shares during the period. Finally, Norges Bank acquired a new stake in shares of US Foods in the fourth quarter valued at about $192,849,000. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Trading Up 0.1%
Shares of USFD opened at $107.33 on Monday. The company has a market capitalization of $23.22 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.36 and a beta of 0.81. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42. 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 $102.50 and a 200 day moving average price of $94.50.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping 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 company had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same period in the previous year, the business earned $1.19 EPS. US Foods'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. Sell-side analysts forecast that US Foods Holding Corp. will post 4.41 EPS for the current fiscal year.
Insider Buying and Selling
In related news, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction 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 completion of the sale, the insider owned 73,618 shares in the company, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider William Spencer Hancock sold 21,754 shares of US Foods stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the completion of the sale, 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 disclosure for this sale is available in the SEC filing. 0.74% of the stock is currently owned by company insiders.
Analysts Set New Price Targets
A number of research firms have weighed in on USFD. Zacks Research upgraded US Foods from a "strong sell" rating to a "hold" rating in a report on Tuesday, July 28th. 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 note on Friday, August 7th. TD Cowen boosted their target price on shares of US Foods from $116.00 to $119.00 and gave the stock a "buy" rating in a research report on Thursday, August 6th. JPMorgan Chase & Co. decreased their target price on shares of US Foods from $98.00 to $90.00 and set a "neutral" rating for the company in a research note on Thursday, May 14th. Finally, Wall Street Zen raised shares of US Foods from a "hold" rating to a "buy" rating in a report on Saturday, August 15th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $113.92.
Get Our Latest Report on US Foods
US Foods Profile
(
Free Report)
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.
Further Reading
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).
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