Fifth Third Bancorp lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 2,548.1% during the first quarter, HoldingsChannel.com reports. The firm owned 75,392 shares of the company’s stock after purchasing an additional 72,545 shares during the period. Fifth Third Bancorp’s holdings in US Foods were worth $6,952,000 at the end of the most recent reporting period.
A number of other large investors have also made changes to their positions in the stock. Nordea Investment Management AB purchased a new stake in US Foods during the fourth quarter worth about $4,834,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in US Foods by 47.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,928 shares of the company’s stock valued at $8,129,000 after buying an additional 34,814 shares in the last quarter. Allspring Global Investments Holdings LLC purchased a new position in US Foods in the fourth quarter valued at about $6,979,000. Avior Wealth Management LLC acquired a new stake in shares of US Foods during the 4th quarter valued at approximately $2,184,000. Finally, Tudor Investment Corp ET AL acquired a new stake in shares of US Foods during the 3rd quarter valued at approximately $4,605,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Analysts Set New Price Targets
A number of research firms recently weighed in on USFD. JPMorgan Chase & Co. lowered their price target on US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. TD Cowen assumed coverage on US Foods in a report on Tuesday, July 7th. They set a “buy” rating and a $116.00 price objective for the company. Morgan Stanley upped their target price on US Foods from $94.00 to $103.00 and gave the company an “equal weight” rating in a report on Wednesday. Piper Sandler dropped their price target on US Foods from $103.00 to $88.00 and set a “neutral” rating for the company in a research report on Monday, June 1st. Finally, Weiss Ratings cut US Foods from a “buy (b+)” rating to a “buy (b)” rating in a research report on Friday, May 1st. Eleven research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.
US Foods Trading Up 2.2%
Shares of US Foods stock opened at $99.20 on Friday. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $105.17. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.14 and a quick ratio of 0.70. The business has a 50 day moving average price of $90.85 and a 200 day moving average price of $89.56. The company has a market capitalization of $21.85 billion, a P/E ratio of 33.40, a P/E/G ratio of 1.24 and a beta of 0.79.
US Foods (NYSE:USFD – Get Free Report) last announced its earnings results on Thursday, May 7th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). US Foods had a net margin of 1.71% and a return on equity of 19.37%. The company had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter last year, the company posted $0.68 EPS. US Foods’s quarterly revenue was up 2.8% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. Sell-side analysts anticipate that US Foods Holding Corp. will post 4.35 EPS for the current fiscal year.
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.
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