Sumitomo Mitsui Trust Group Inc. Sells 93,915 Shares of US Foods Holding Corp. $USFD

Sumitomo Mitsui Trust Group Inc. cut its stake in US Foods Holding Corp. (NYSE:USFD) by 7.6% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,145,185 shares of the company’s stock after selling 93,915 shares during the period. Sumitomo Mitsui Trust Group Inc. owned 0.53% of US Foods worth $105,598,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. Wellington Management Group LLP grew its holdings in US Foods by 46.1% during the 2nd quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company’s stock worth $2,352,760,000 after acquiring an additional 7,259,357 shares during the period. BlackRock Inc. acquired a new position in shares of US Foods in the 2nd quarter valued at about $2,131,439,000. Primecap Management Co. CA acquired a new position in shares of US Foods in the 2nd quarter valued at about $406,997,000. Bessemer Group Inc. boosted its position in shares of US Foods by 1.8% during the 1st quarter. Bessemer Group Inc. now owns 2,926,696 shares of the company’s stock valued at $269,872,000 after purchasing an additional 51,519 shares in the last quarter. Finally, Bank of America Corp DE boosted its position in shares of US Foods by 50.9% during the 1st quarter. Bank of America Corp DE now owns 1,520,296 shares of the company’s stock valued at $140,186,000 after purchasing an additional 512,511 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Up 2.0%

USFD stock opened at $105.73 on Tuesday. The stock’s 50 day simple moving average is $99.43 and its 200 day simple moving average is $94.54. US Foods Holding Corp. has a fifty-two week low of $69.88 and a fifty-two 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. The company has a market cap of $22.87 billion, a P/E ratio of 25.55, a price-to-earnings-growth ratio of 1.29 and a beta of 0.86.

US Foods (NYSE:USFD) last announced its quarterly 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. US Foods had a return on equity of 20.53% and a net margin of 1.81%. The business had revenue of $10.53 billion for the quarter, compared to analyst estimates of $10.46 billion. During the same quarter in the prior year, the company earned $1.19 earnings per share. The company’s quarterly revenue was up 4.5% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, research analysts expect that US Foods Holding Corp. will post 4.45 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Randy J. Taylor sold 11,630 shares of the company’s 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 transaction, the insider directly owned 73,618 shares of the company’s stock, 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 through this link. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction on Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the completion of the transaction, the insider owned 101,144 shares in the company, valued at approximately $10,952,883.76. This represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several brokerages have recently commented on USFD. Guggenheim raised their price objective on shares of US Foods from $115.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 target price on shares of US Foods 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. Morgan Stanley raised their price target on shares of US Foods from $107.00 to $111.00 and gave the stock an “equal weight” rating in a report on Thursday, October 15th. Finally, Wells Fargo & Company raised their price target on shares of US Foods from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Moderate Buy” and a consensus price target of $114.85.

US Foods Profile

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.