Provenance Wealth Advisors LLC raised its stake in US Foods Holding Corp. (NYSE:USFD – Free Report) by 36,095.7% in the third quarter, Holdings Channel.com reports. The firm owned 17,012 shares of the company’s stock after acquiring an additional 16,965 shares during the period. Provenance Wealth Advisors LLC’s holdings in US Foods were worth $1,569,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds and other institutional investors also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in shares of US Foods in the second quarter valued at about $2,131,439,000. Wellington Management Group LLP grew its position in US Foods by 46.1% during the second quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company’s stock worth $2,352,760,000 after buying an additional 7,259,357 shares in the last quarter. Primecap Management Co. CA bought a new position in US Foods during the second quarter valued at about $406,997,000. Deutsche Bank AG bought a new position in US Foods during the second quarter valued at about $141,394,000. Finally, Bank of America Corp DE bought a new position in US Foods during the second quarter valued at about $137,423,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.
US Foods Price Performance
NYSE:USFD opened at $101.36 on Wednesday. The company has a 50-day moving average of $99.27 and a 200-day moving average of $94.64. The company has a market capitalization of $21.93 billion, a price-to-earnings ratio of 31.19, a PEG ratio of 1.34 and a beta of 0.87. US Foods Holding Corp. has a 52 week low of $69.88 and a 52 week high of $111.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14.
US Foods (NYSE:USFD – Get Free Report) last posted its earnings results on Thursday, August 6th. The company reported $1.44 earnings per share for the quarter, beating analysts’ consensus estimates 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 net margin of 1.81% and a return on equity of 20.53%. The firm’s revenue for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous 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, equities research analysts anticipate that US Foods Holding Corp. will post 4.45 earnings per share for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have commented on the company. TD Cowen upped their price target on US Foods from $116.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Citigroup lifted their price objective on US Foods from $110.00 to $124.00 and gave the stock a “buy” rating in a report on Friday, August 7th. Morgan Stanley boosted their price objective on US Foods from $107.00 to $111.00 and gave the company an “equal weight” rating in a research report on Thursday, October 15th. Guggenheim upped their target price on US Foods from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $120.00 target price on shares of US Foods in a research note on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, US Foods presently has an average rating of “Moderate Buy” and a consensus target price of $114.85.
Check Out Our Latest Research Report on USFD
Insider Transactions at US Foods
In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the firm’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 completion of 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider William Spencer Hancock sold 21,754 shares of US Foods stock in a transaction that occurred 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 sale, the insider directly owned 101,144 shares in the company, valued at $10,952,883.76. The trade was a 17.70% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 0.74% of the stock is owned by company insiders.
About US Foods
US Foods Holding Corp. is a leading foodservice distributor serving restaurants, health care and hospitality organizations, educational institutions, government facilities and other commercial customers across the United States. Through its distribution network, the company delivers food, beverages, equipment and related supplies to professional foodservice operators.
The company offers a broad selection of fresh and frozen foods, dry groceries, beverages, meat, seafood, produce, dairy products and disposable supplies.
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