NewEdge Wealth LLC Purchases New Shares in US Foods Holding Corp. $USFD

NewEdge Wealth LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD) during the 2nd quarter, Holdings Channel reports. The firm acquired 20,158 shares of the company’s stock, valued at approximately $2,061,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in US Foods by 47.6% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,928 shares of the company’s stock worth $8,129,000 after purchasing an additional 34,814 shares during the last quarter. Fifth Third Bancorp boosted its stake in US Foods by 2,548.1% during the 1st quarter. Fifth Third Bancorp now owns 75,392 shares of the company’s stock valued at $6,952,000 after purchasing an additional 72,545 shares during the period. University of Texas Texas AM Investment Management Co. acquired a new position in shares of US Foods during the fourth quarter worth approximately $4,221,000. Premier Fund Managers Ltd acquired a new position in US Foods during the 4th quarter worth $23,818,000. Finally, Sumitomo Mitsui Trust Group Inc. grew its position in US Foods by 9,713.4% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,243,456 shares of the company’s stock valued at $114,659,000 after buying an additional 1,230,785 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Up 0.8%

USFD stock opened at $108.37 on Friday. The company has a market cap of $23.44 billion, a PE ratio of 33.34, a price-to-earnings-growth ratio of 1.37 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. The business’s 50-day simple moving average is $100.64 and its 200 day simple moving average is $93.63. US Foods Holding Corp. has a twelve month low of $69.88 and a twelve month high of $111.42.

US Foods (NYSE:USFD) last released its quarterly earnings data 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. 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 during the quarter, compared to analyst estimates of $10.46 billion. During the same period in the prior year, the company posted $1.19 earnings per share. The business’s revenue for the quarter 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. On average, research analysts anticipate that US Foods Holding Corp. will post 4.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

USFD has been the topic of a number of research analyst reports. Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a report on Tuesday, July 28th. Citigroup increased their price target on US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a research report on Friday, August 7th. TD Cowen lifted their target price on shares of US Foods from $116.00 to $119.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a report on Wednesday, July 29th. Finally, BMO Capital Markets reissued an “outperform” rating and set a $120.00 price target on shares of US Foods in a research report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $113.92.

Insider Activity

In related news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction that occurred on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total transaction 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. This represents a 13.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider William Spencer Hancock sold 21,754 shares of the business’s stock in a transaction dated 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 approximately $10,952,883.76. This trade represents a 17.70% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 0.74% of the stock is owned by company insiders.

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.