Royal Bank of Canada Sells 128,027 Shares of US Foods Holding Corp. $USFD

Key Points

• Royal Bank of Canada cut its US Foods stake by 74.8% in the first quarter, selling 128,027 shares and retaining 43,054 shares worth approximately $3.97 million. Institutional investors collectively own 98.76% of US Foods.
• 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. The stock opened at $108.72, near its 12-month high of $111.42.
• Analyst sentiment remains positive, with 11 Buy ratings and four Holds, producing a “Moderate Buy” consensus and an average price target of $113.92. Several firms recently raised their targets, including Citigroup to $124.

Royal Bank of Canada reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 74.8% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,054 shares of the company's stock after selling 128,027 shares during the quarter. Royal Bank of Canada's holdings in US Foods were worth $3,970,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Empowered Funds LLC raised its holdings in shares of US Foods by 36.8% in the 1st quarter. Empowered Funds LLC now owns 57,498 shares of the company's stock worth $5,302,000 after acquiring an additional 15,476 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in US Foods by 1.9% in the 1st quarter. The Manufacturers Life Insurance Company now owns 703,048 shares of the company's stock valued at $64,828,000 after acquiring an additional 13,308 shares in the last quarter. Quantinno Capital Management LP boosted its stake in US Foods by 15.8% during the 1st quarter. Quantinno Capital Management LP now owns 660,043 shares of the company's stock valued at $60,863,000 after purchasing an additional 90,179 shares during the last quarter. Lazard Asset Management LLC increased its holdings in US Foods by 6.2% during the 1st quarter. Lazard Asset Management LLC now owns 5,721 shares of the company's stock worth $528,000 after purchasing an additional 336 shares in the last quarter. Finally, Wealth Alliance LLC bought a new stake in US Foods during the 1st quarter worth approximately $213,000. 98.76% of the stock is owned by institutional investors.

US Foods Stock Performance

Shares of USFD opened at $108.72 on Friday. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The company has a market capitalization of $23.52 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.42 and a beta of 0.81. The stock has a 50 day moving average of $99.16 and a 200 day moving average of $92.86. US Foods Holding Corp. has a 12 month low of $69.88 and a 12 month high of $111.42.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly 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 business had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.46 billion. US Foods had a return on equity of 20.53% and a net margin of 1.81%.US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the company posted $1.19 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the company. Wall Street Zen raised US Foods from a "hold" rating to a "buy" rating in a research note on Saturday. Zacks Research raised US Foods from a "strong sell" rating to a "hold" rating in a research report on Tuesday, July 28th. Guggenheim increased their price target on US Foods from $115.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 7th. BTIG Research increased their price target on US Foods from $105.00 to $120.00 and gave the company a "buy" rating in a research report on Friday, August 7th. Finally, Citigroup raised their price objective on US Foods from $110.00 to $124.00 and gave the company a "buy" rating in a research note on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $113.92.

Insider Activity

In related news, insider Randy J. Taylor sold 11,630 shares of the firm's stock in a transaction dated 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 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, insider William Spencer Hancock sold 21,754 shares of US Foods stock in a transaction dated 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 directly owned 101,144 shares in the company, valued at approximately $10,952,883.76. This 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 corporate insiders.

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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