NewEdge Wealth LLC Acquires Shares of 20,158 US Foods Holding Corp. $USFD

Key Points

• NewEdge Wealth purchased 20,158 shares of US Foods during the second quarter, valued at approximately $2.06 million. Institutional investors collectively own 98.76% of the company’s stock.
• Analyst sentiment is favorable, with 11 Buy ratings and four Holds; US Foods has a “Moderate Buy” consensus rating and an average price target of $113.92.
• US Foods reported quarterly EPS of $1.44, beating estimates of $1.36, while revenue rose 4.5% year over year to $10.53 billion. Shares opened at $108.37, near their 52-week high of $111.42.

NewEdge Wealth LLC purchased a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 20,158 shares of the company's stock, valued at approximately $2,061,000.

Several other large investors also recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of US Foods by 47.6% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,928 shares of the company's stock valued at $8,129,000 after purchasing an additional 34,814 shares during the period. Fifth Third Bancorp grew its stake in US Foods by 2,548.1% in the 1st quarter. Fifth Third Bancorp now owns 75,392 shares of the company's stock valued at $6,952,000 after acquiring an additional 72,545 shares during the period. University of Texas Texas AM Investment Management Co. purchased a new stake in US Foods in the 4th quarter worth $4,221,000. Premier Fund Managers Ltd acquired a new position in US Foods during the fourth quarter worth $23,818,000. Finally, Sumitomo Mitsui Trust Group Inc. lifted its holdings in US Foods by 9,713.4% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,243,456 shares of the company's stock valued at $114,659,000 after purchasing an additional 1,230,785 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

USFD has been the subject of several research analyst reports. Zacks Research upgraded shares of US Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Wall Street Zen upgraded US Foods from a "hold" rating to a "buy" rating in a research report on Saturday, August 15th. BMO Capital Markets restated an "outperform" rating and set a $120.00 price target on shares of US Foods in a research report on Friday, August 7th. Wells Fargo & Company boosted their price objective on US Foods from $110.00 to $125.00 and gave the stock an "overweight" rating in a research note on Friday, August 7th. Finally, Piper Sandler increased their price target on shares of US Foods from $88.00 to $108.00 and gave the company a "neutral" rating in a research note on Wednesday, August 12th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $113.92.

US Foods Stock Up 0.8%

Shares of NYSE USFD opened at $108.37 on Friday. The business has a 50-day moving average of $100.64 and a two-hundred day moving average of $93.63. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.14 and a quick ratio of 0.70. The company has a market capitalization of $23.44 billion, a price-to-earnings ratio of 33.34, a price-to-earnings-growth ratio of 1.37 and a beta of 0.81. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $111.42.

US Foods (NYSE:USFD - Get Free Report) last issued 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 analyst estimates of $10.46 billion. During the same quarter last year, the company posted $1.19 earnings per share. The business's quarterly revenue 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. On average, analysts forecast that US Foods Holding Corp. will post 4.41 earnings per share for the current fiscal year.

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 transaction of $2,355,740.66. Following the sale, the insider directly owned 101,144 shares of the company's stock, valued at $10,952,883.76. This trade represents a 17.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Randy J. Taylor sold 11,630 shares of the firm's stock in a transaction dated 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 in the company, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Company 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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