Osterweis Capital Management Inc. Makes New Investment in US Foods Holding Corp. $USFD

Key Points

• Osterweis Capital Management purchased 353,146 US Foods shares worth approximately $36.1 million, making the stock 1.7% of its portfolio. Institutional investors collectively own 98.76% of US Foods.
• Analyst sentiment remains positive, with 11 Buy ratings and four Holds, producing a consensus “Moderate Buy” rating and an average price target of $113.92.
• US Foods exceeded quarterly expectations, reporting adjusted EPS of $1.44 versus the $1.36 consensus and revenue of $10.53 billion. Shares opened at $109.39, near the company’s 12-month high of $111.42.

Osterweis Capital Management Inc. purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 353,146 shares of the company's stock, valued at approximately $36,109,000. US Foods comprises 1.7% of Osterweis Capital Management Inc.'s portfolio, making the stock its 17th largest position. Osterweis Capital Management Inc. owned about 0.16% of US Foods at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of US Foods in the 2nd quarter valued at $2,131,439,000. Price T Rowe Associates Inc. MD raised its position in US Foods by 412.9% in the 4th 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 during the period. Bank of Montreal Can raised its position in US Foods by 8,056.1% in the 4th quarter. Bank of Montreal Can now owns 2,866,721 shares of the company's stock worth $215,921,000 after purchasing an additional 2,831,573 shares during the period. Norges Bank bought a new stake in US Foods in the fourth quarter worth $192,849,000. Finally, Wellington Management Group LLP lifted its stake in US Foods by 14.2% in the third quarter. Wellington Management Group LLP now owns 12,875,970 shares of the company's stock worth $986,557,000 after purchasing an additional 1,599,033 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at US Foods

In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction that occurred 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 owned 73,618 shares in the company, valued at approximately $8,125,218.66. This trade 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 US Foods stock in a transaction that occurred on Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the completion of the sale, the insider owned 101,144 shares in the company, valued at approximately $10,952,883.76. This represents a 17.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have recently issued reports on USFD. BMO Capital Markets reaffirmed an "outperform" rating and set a $120.00 price objective on shares of US Foods in a research note on Friday, August 7th. Weiss Ratings reissued a "buy (b)" rating on shares of US Foods in a research note on Wednesday, July 29th. JPMorgan Chase & Co. dropped their target price on US Foods from $98.00 to $90.00 and set a "neutral" rating for the company in a report on Thursday, May 14th. Wells Fargo & Company raised their price target on US Foods from $110.00 to $125.00 and gave the stock an "overweight" rating in a research report on Friday, August 7th. Finally, Zacks Research raised US Foods from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $113.92.

US Foods Price Performance

Shares of US Foods stock opened at $109.39 on Tuesday. The firm has a market cap of $23.66 billion, a PE ratio of 33.66, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. US Foods Holding Corp. has a 12-month low of $69.88 and a 12-month high of $111.42. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19. The company's fifty day simple moving average is $101.28 and its two-hundred day simple moving average is $93.96.

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

US Foods 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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