The Manufacturers Life Insurance Company Buys Shares of 751,810 US Foods Holding Corp. $USFD

Key Points

• The Manufacturers Life Insurance Company acquired 751,810 shares of US Foods Holding, valued at approximately $76.9 million, giving it a 0.35% stake. Institutional investors and hedge funds collectively own 98.76% of the company.
• Analysts remain broadly positive, with 11 Buy ratings and four Holds. US Foods has a “Moderate Buy” consensus rating and an average price target of $113.92, while several firms recently raised their targets.
• US Foods exceeded quarterly expectations, reporting $1.44 in EPS versus the $1.36 consensus and $10.53 billion in revenue, up 4.5% year over year. The stock opened at $108.95, near its 52-week high of $111.42.

The Manufacturers Life Insurance Company bought a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 751,810 shares of the company's stock, valued at approximately $76,873,000. The Manufacturers Life Insurance Company owned approximately 0.35% of US Foods at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in USFD. Jones Financial Companies Lllp purchased a new stake in shares of US Foods during the second quarter worth approximately $66,000. SaddleRock Capital Management LLC purchased a new position in US Foods in the 2nd quarter valued at $7,058,000. Sanctuary Advisors LLC purchased a new position in US Foods in the 2nd quarter valued at $951,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in US Foods during the 2nd quarter worth $520,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in US Foods during the 2nd quarter worth $28,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

USFD has been the subject of a number of research reports. TD Cowen upped 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. 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 upped their price objective on shares of US Foods from $110.00 to $125.00 and gave the company an "overweight" rating in a research note on Friday, August 7th. Morgan Stanley set a $107.00 price objective on shares of US Foods in a report on Friday, August 7th. Finally, UBS Group raised their target price on shares of US Foods from $117.00 to $127.00 and gave the stock a "buy" rating in a research note on Friday, August 7th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat, US Foods has a consensus rating of "Moderate Buy" and a consensus price target of $113.92.

US Foods Stock Down 0.4%

NYSE USFD opened at $108.95 on Wednesday. US Foods Holding Corp. has a 52 week low of $69.88 and a 52 week 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 business's fifty day simple moving average is $101.60 and its 200-day simple moving average is $94.11. The firm has a market cap of $23.57 billion, a PE ratio of 33.52, a P/E/G ratio of 1.39 and a beta of 0.81.

US Foods (NYSE:USFD - Get Free Report) last announced 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 during the quarter, compared to analyst estimates of $10.46 billion. US Foods had a net margin of 1.81% and a return on equity of 20.53%. US Foods's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.19 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, equities analysts anticipate that US Foods Holding Corp. will post 4.41 earnings per share for the current year.

Insider Buying and Selling

In related 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 transaction, the insider directly owned 73,618 shares in the company, valued at approximately $8,125,218.66. This represents a 13.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider William Spencer Hancock sold 21,754 shares of the 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 transaction, the insider owned 101,144 shares of the company's stock, valued at $10,952,883.76. The trade was a 17.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is owned by company insiders.

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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