Pictet Asset Management Holding SA lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 2.1% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 449,060 shares of the company’s stock after selling 9,660 shares during the period. Pictet Asset Management Holding SA’s holdings in US Foods were worth $41,408,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Royal Bank of Canada grew its stake in shares of US Foods by 85.8% in the first quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock valued at $9,722,000 after buying an additional 68,567 shares in the last quarter. Empowered Funds LLC bought a new stake in US Foods during the first quarter worth $359,000. Sivia Capital Partners LLC acquired a new stake in US Foods in the second quarter valued at $526,000. Brown Advisory Inc. bought a new position in shares of US Foods in the 2nd quarter valued at about $252,000. Finally, Cerity Partners LLC grew its position in shares of US Foods by 20.5% in the 2nd quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock valued at $3,695,000 after acquiring an additional 8,162 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently issued reports on the stock. Wall Street Zen cut shares of US Foods from a “buy” rating to a “hold” rating in a report on Saturday, May 9th. JPMorgan Chase & Co. dropped their price objective on US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Zacks Research downgraded US Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings lowered US Foods from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Finally, Piper Sandler dropped their price target on US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday, June 1st. Ten investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, US Foods presently has an average rating of “Moderate Buy” and an average target price of $105.50.
US Foods Stock Down 0.3%
USFD opened at $102.12 on Wednesday. US Foods Holding Corp. has a fifty-two week low of $69.88 and a fifty-two week high of $102.62. The company has a debt-to-equity ratio of 1.16, a quick ratio of 0.70 and a current ratio of 1.14. The company has a market capitalization of $22.49 billion, a P/E ratio of 34.39, a P/E/G ratio of 1.31 and a beta of 0.83. The stock has a fifty day moving average of $88.55 and a 200-day moving average of $87.48.
US Foods (NYSE:USFD – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). US Foods had a net margin of 1.71% and a return on equity of 19.37%. The business had revenue of $9.61 billion during the quarter, compared to the consensus estimate of $9.66 billion. During the same period in the previous year, the firm posted $0.68 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, equities analysts expect that US Foods Holding Corp. will post 4.34 EPS for the current year.
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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