Man Group plc Buys New Position in US Foods Holding Corp. $USFD

Man Group plc bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 18,112 shares of the company’s stock, valued at approximately $1,852,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Royal Bank of Canada boosted its holdings 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 acquiring an additional 68,567 shares in the last quarter. Empowered Funds LLC bought a new stake in US Foods during the first quarter worth approximately $359,000. Sivia Capital Partners LLC bought a new stake in US Foods during the second quarter worth approximately $526,000. Brown Advisory Inc. acquired a new stake in US Foods in the second quarter worth approximately $252,000. Finally, Cerity Partners LLC lifted its position in US Foods by 20.5% in the second quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock worth $3,695,000 after purchasing an additional 8,162 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, insider Randy J. Taylor sold 11,630 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.37, for a total value of $1,283,603.10. Following the transaction, the insider owned 73,618 shares in the company, valued at $8,125,218.66. This represents a 13.64% decrease in their position. 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 the stock in a transaction that occurred on 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 completion of the sale, the insider directly owned 101,144 shares of the company’s stock, valued at $10,952,883.76. This trade represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders own 0.74% of the company’s stock.

US Foods Stock Performance

Shares of US Foods stock opened at $106.53 on Wednesday. The stock has a market cap of $23.05 billion, a PE ratio of 32.78, a price-to-earnings-growth ratio of 1.33 and a beta of 0.81. The business has a fifty day simple moving average of $102.99 and a 200-day simple moving average of $94.72. 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 Holding Corp. has a 12 month low of $69.88 and a 12 month high of $111.42.

US Foods (NYSE:USFD) last issued its quarterly 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 the consensus estimate of $10.46 billion. US Foods had a return on equity of 20.53% and a net margin of 1.81%.US Foods’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.19 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 4.41 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on USFD shares. Piper Sandler lifted their price target on US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a research report on Wednesday, August 12th. Citigroup upped their price objective on US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 7th. TD Cowen raised their target price on US Foods from $116.00 to $119.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Morgan Stanley set a $107.00 target price on US Foods in a report on Friday, August 7th. Finally, Wells Fargo & Company upped their price target on shares of US Foods from $110.00 to $125.00 and gave the company an “overweight” rating in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $113.92.

US Foods Profile

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.