EULAV Asset Management Purchases New Shares in US Foods Holding Corp. $USFD

Key Points

• EULAV Asset Management acquired 42,278 shares of US Foods worth approximately $3.9 million during the third quarter. Institutional investors collectively own 98.76% of the company.
• Analysts maintain a positive outlook, with a consensus rating of “Moderate Buy” and an average price target of $114.85. Several firms recently raised their targets, including Citigroup to $124.
• US Foods exceeded quarterly expectations, reporting $1.44 in earnings per share versus the $1.36 consensus and $10.53 billion in revenue, up 4.5% year over year. Shares opened at $100.96, near their 52-week high of $111.42.

EULAV Asset Management acquired a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 42,278 shares of the company's stock, valued at approximately $3,898,000.

A number of other large investors have also added to or reduced their stakes in USFD. BlackRock Inc. bought a new position in shares of US Foods during the 2nd quarter valued at approximately $2,131,439,000. Wellington Management Group LLP grew its holdings in shares of US Foods by 46.1% in the second quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company's stock valued at $2,352,760,000 after purchasing an additional 7,259,357 shares in the last quarter. Primecap Management Co. CA purchased a new position in shares of US Foods in the second quarter valued at $406,997,000. Deutsche Bank AG purchased a new position in shares of US Foods in the second quarter valued at $141,394,000. Finally, Bank of America Corp DE bought a new stake in US Foods in the second quarter worth $137,423,000. Institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Citigroup upped their price target on shares of US Foods from $110.00 to $124.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Guggenheim lifted their price objective 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. Morgan Stanley lifted their price objective on shares of US Foods from $107.00 to $111.00 and gave the stock an "equal weight" rating in a research note on Thursday, October 15th. BMO Capital Markets restated an "outperform" rating and issued a $120.00 target price on shares of US Foods in a report on Friday, August 7th. Finally, 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 report on Thursday, August 6th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $114.85.

US Foods Price Performance

NYSE:USFD opened at $100.96 on Monday. The firm has a market capitalization of $21.84 billion, a price-to-earnings ratio of 31.06, a PEG ratio of 1.28 and a beta of 0.86. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $111.42. The business has a 50 day simple moving average of $99.98 and a 200-day simple moving average of $95.84. 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 (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.44 EPS for the quarter, topping analysts' consensus estimates of $1.36 by $0.08. The firm had revenue of $10.53 billion during the quarter, compared to analysts' expectations of $10.46 billion. US Foods had a return on equity of 20.53% and a net margin of 1.81%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.19 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. Equities analysts forecast that US Foods Holding Corp. will post 4.45 EPS for the current year.

Insiders Place Their Bets

In other US Foods news, insider William Spencer Hancock sold 21,754 shares of the business's stock in a transaction on Friday, August 7th. The shares were sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the transaction, the insider owned 101,144 shares in the company, valued at $10,952,883.76. The trade was a 17.70% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Randy J. Taylor sold 11,630 shares of the business's stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the transaction, the insider owned 73,618 shares in the company, 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. 0.74% of the stock is owned by company insiders.

About US Foods

US Foods Holding Corp. is a leading foodservice distributor serving restaurants, health care and hospitality organizations, educational institutions, government facilities and other commercial customers across the United States. Through its distribution network, the company delivers food, beverages, equipment and related supplies to professional foodservice operators.

The company offers a broad selection of fresh and frozen foods, dry groceries, beverages, meat, seafood, produce, dairy products and disposable supplies.

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