Elevation Point Wealth Partners LLC purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) in the second quarter, Holdings Channel.com reports. The fund purchased 22,555 shares of the company’s stock, valued at approximately $2,306,000.
Several other institutional investors have also recently made changes to their positions in the company. Measured Wealth Private Client Group LLC purchased a new position in US Foods in the third quarter worth approximately $26,000. Keating Financial Advisory Services Inc. acquired a new stake in US Foods during the second quarter worth $27,000. Nalls Sherbakoff Group LLC acquired a new stake in US Foods during the fourth quarter worth $36,000. Geneos Wealth Management Inc. raised its position in US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after purchasing an additional 263 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in US Foods in the second quarter valued at $39,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have recently weighed in on USFD shares. Wells Fargo & Company increased their price target on US Foods from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. BTIG Research boosted their price objective on shares of US Foods from $105.00 to $120.00 and gave the company a “buy” rating in a report on Friday, August 7th. Citigroup upped their target price on shares of US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 7th. UBS Group increased 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. Finally, JPMorgan Chase & Co. dropped their price target on shares of US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Eleven investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $113.92.
Insider Activity
In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the business’s stock in a transaction dated 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 sale, the insider directly owned 73,618 shares in the company, valued at $8,125,218.66. This represents a 13.64% 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. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction dated Friday, August 7th. The stock was 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 in the company, valued at $10,952,883.76. This represents a 17.70% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.74% of the company’s stock.
US Foods Stock Down 0.1%
NYSE:USFD opened at $109.52 on Monday. US Foods Holding Corp. has a 52 week low of $69.88 and a 52 week high of $111.42. The stock’s fifty day moving average is $100.96 and its two-hundred day moving average is $93.81. The stock has a market capitalization of $23.69 billion, a price-to-earnings ratio of 33.70, a price-to-earnings-growth ratio of 1.39 and a beta of 0.81. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19.
US Foods (NYSE:USFD – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.08. US Foods had a return on equity of 20.53% and a net margin of 1.81%.The firm had revenue of $10.53 billion for the quarter, compared to the consensus estimate of $10.46 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The company’s quarterly revenue was up 4.5% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. Research analysts anticipate that US Foods Holding Corp. will post 4.41 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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