Legal & General Group Plc purchased a new position in US Foods Holding Corp. (NYSE:USFD – Free Report) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 316,811 shares of the company’s stock, valued at approximately $32,394,000. Legal & General Group Plc owned approximately 0.15% of US Foods as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. The Manufacturers Life Insurance Company purchased a new position in US Foods during the second quarter valued at $76,873,000. Jones Financial Companies Lllp purchased a new stake in shares of US Foods in the second quarter worth $66,000. SaddleRock Capital Management LLC purchased a new stake in shares of US Foods in the second quarter worth $7,058,000. Sanctuary Advisors LLC bought a new position in shares of US Foods during the second quarter valued at $951,000. Finally, Meiji Yasuda Asset Management Co Ltd. bought a new position in shares of US Foods during the second quarter valued at $520,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Wall Street Analyst Weigh In
USFD has been the topic of several recent analyst reports. BMO Capital Markets reissued an “outperform” rating and set a $120.00 price objective on shares of US Foods in a research report on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on shares of US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research note on Wednesday, July 29th. UBS Group increased their price target on shares of US Foods from $117.00 to $127.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, Wells Fargo & Company raised their price target on shares of US Foods from $110.00 to $125.00 and gave the company an “overweight” rating in a research report on Friday, August 7th. Eleven research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $113.92.
US Foods Stock Performance
Shares of USFD opened at $107.33 on Friday. The firm has a market capitalization of $23.22 billion, a P/E ratio of 33.02, a PEG ratio of 1.37 and a beta of 0.81. 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 Holding Corp. has a one year low of $69.88 and a one year high of $111.42. The business has a fifty day moving average of $102.50 and a 200 day moving average of $94.47.
US Foods (NYSE:USFD – Get Free Report) last announced its earnings results on Thursday, August 6th. The company reported $1.44 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.08. The business had revenue of $10.53 billion for the quarter, compared to analysts’ expectations of $10.46 billion. US Foods had a return on equity of 20.53% and a net margin of 1.81%.The business’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last 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, sell-side analysts anticipate that US Foods Holding Corp. will post 4.41 EPS for the current year.
Insider Activity at US Foods
In other news, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction on 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 transaction, the insider owned 73,618 shares in the company, valued at $8,125,218.66. This trade represents a 13.64% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 transaction of $2,355,740.66. Following the sale, the insider directly owned 101,144 shares of the company’s stock, valued at approximately $10,952,883.76. The trade was a 17.70% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.74% of the company’s stock.
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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