US Foods Holding Corp. $USFD Shares Sold by Artemis Investment Management LLP

Key Points

• Artemis Investment Management LLP trimmed its US Foods stake by 13.4%, selling 46,476 shares and leaving it with 299,725 shares (about 0.13% of the company) valued at roughly $22.6 million.
• Insider James David Works Jr. sold 65,737 shares at an average price of $96.52 for proceeds of about $6.34 million, cutting his ownership by 42.7% to 88,176 shares (insiders hold 0.74% of the stock).
• Several brokers (including Guggenheim, Citigroup and Wells Fargo) have raised price targets and ratings recently, leaving US Foods with a consensus "Moderate Buy" and an average target price of $107.33.

Artemis Investment Management LLP cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 13.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 299,725 shares of the company's stock after selling 46,476 shares during the quarter. Artemis Investment Management LLP owned 0.13% of US Foods worth $22,575,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Royal Bank of Canada increased its holdings in US Foods by 85.8% in the 1st quarter. Royal Bank of Canada now owns 148,512 shares of the company's stock worth $9,722,000 after acquiring an additional 68,567 shares in the last quarter. Empowered Funds LLC purchased a new stake in US Foods in the 1st quarter worth $359,000. Sivia Capital Partners LLC purchased a new stake in US Foods in the 2nd quarter worth $526,000. Brown Advisory Inc. purchased a new stake in US Foods in the 2nd quarter worth $252,000. Finally, Cerity Partners LLC increased its holdings in US Foods by 20.5% in the 2nd quarter. Cerity Partners LLC now owns 47,977 shares of the company's stock worth $3,695,000 after acquiring an additional 8,162 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Down 0.3%

Shares of USFD opened at $93.20 on Friday. The firm has a market cap of $20.53 billion, a P/E ratio of 31.70, a price-to-earnings-growth ratio of 1.15 and a beta of 0.90. US Foods Holding Corp. has a 12-month low of $66.50 and a 12-month high of $102.13. The company's 50-day moving average price is $92.11 and its 200 day moving average price is $83.55. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 1.18.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, February 12th. The company reported $1.04 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.01 by $0.03. The firm had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.90 billion. US Foods had a net margin of 1.71% and a return on equity of 18.74%. US Foods's revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.84 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, sell-side analysts forecast that US Foods Holding Corp. will post 4.51 earnings per share for the current year.

Analysts Set New Price Targets

Several equities research analysts recently commented on USFD shares. Guggenheim boosted their price target on shares of US Foods from $95.00 to $115.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Citigroup boosted their price target on shares of US Foods from $95.00 to $118.00 and gave the stock a "buy" rating in a report on Friday, February 13th. Wall Street Zen raised shares of US Foods from a "hold" rating to a "buy" rating in a report on Saturday, April 4th. Zacks Research lowered shares of US Foods from a "strong-buy" rating to a "hold" rating in a report on Monday, April 20th. Finally, Wells Fargo & Company boosted their price target on shares of US Foods from $87.00 to $110.00 and gave the stock an "overweight" rating in a report on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $107.33.

Insider Transactions at US Foods

In other US Foods news, insider James David Works, Jr. sold 65,737 shares of the business's stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $96.52, for a total transaction of $6,344,935.24. Following the sale, the insider directly owned 88,176 shares in the company, valued at $8,510,747.52. This represents a 42.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.74% of the company's stock.

About US Foods

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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