Primecap Management Co. CA Invests $407 Million in US Foods Holding Corp. $USFD

Primecap Management Co. CA acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor acquired 3,980,409 shares of the company’s stock, valued at approximately $406,997,000.

A number of other hedge funds also recently bought and sold shares of USFD. BlackRock Inc. acquired a new stake in shares of US Foods in the second quarter valued at approximately $2,131,439,000. Boston Partners boosted its position in shares of US Foods by 0.5% during the 4th quarter. Boston Partners now owns 16,203,880 shares of the company’s stock valued at $1,222,537,000 after acquiring an additional 73,656 shares during the last quarter. Wellington Management Group LLP raised its stake in US Foods by 7.0% during the fourth quarter. Wellington Management Group LLP now owns 13,780,526 shares of the company’s stock worth $1,037,949,000 after purchasing an additional 904,556 shares during the period. Capital World Investors raised its stake in US Foods by 10.3% during the fourth quarter. Capital World Investors now owns 12,862,100 shares of the company’s stock worth $968,773,000 after purchasing an additional 1,197,360 shares during the period. Finally, Invesco Ltd. boosted its holdings in US Foods by 8.6% in the 3rd quarter. Invesco Ltd. now owns 8,164,062 shares of the company’s stock valued at $625,530,000 after purchasing an additional 649,950 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

Shares of USFD opened at $108.95 on Wednesday. The firm has a 50-day simple moving average of $101.60 and a two-hundred day simple moving average of $94.11. The stock 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 Holding Corp. has a 1-year low of $69.88 and a 1-year high of $111.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.14 and a quick ratio of 0.70.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, August 6th. The company reported $1.44 EPS for the quarter, topping the consensus estimate of $1.36 by $0.08. The firm had revenue of $10.53 billion for 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%. The business’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the business posted $1.19 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, analysts forecast that US Foods Holding Corp. will post 4.41 EPS for the current year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on USFD. Morgan Stanley set a $107.00 price target on shares of US Foods in a research note on Friday, August 7th. Wells Fargo & Company upped their price objective on US Foods from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Piper Sandler increased their price objective on US Foods from $88.00 to $108.00 and gave the stock a “neutral” rating in a research report on Wednesday, August 12th. Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of US Foods in a research report on Friday, August 7th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, US Foods presently has an average rating of “Moderate Buy” and an average target price of $113.92.

Insider Buying and Selling

In other news, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction 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 directly owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of the business’s stock in a transaction on Friday, August 7th. The shares were 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 $10,952,883.76. This represents a 17.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by 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.