Pictet Asset Management Holding SA Has $41.41 Million Stock Holdings in US Foods Holding Corp. $USFD

Pictet Asset Management Holding SA decreased its position in US Foods Holding Corp. (NYSE:USFD) by 2.1% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 449,060 shares of the company’s stock after selling 9,660 shares during the period. Pictet Asset Management Holding SA owned approximately 0.20% of US Foods worth $41,408,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Royal Bank of Canada grew its stake in 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 during the period. Empowered Funds LLC acquired a new stake in shares of US Foods during the first quarter worth about $359,000. Sivia Capital Partners LLC acquired a new stake in shares of US Foods during the second quarter worth about $526,000. Brown Advisory Inc. bought a new position in shares of US Foods during the 2nd quarter valued at about $252,000. Finally, Cerity Partners LLC lifted its holdings in shares of US Foods by 20.5% during the 2nd quarter. Cerity Partners LLC now owns 47,977 shares of the company’s stock valued at $3,695,000 after purchasing an additional 8,162 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

NYSE USFD opened at $102.12 on Wednesday. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.16. US Foods Holding Corp. has a 12-month low of $69.88 and a 12-month high of $102.62. The company has a market capitalization of $22.49 billion, a PE ratio of 34.39, a price-to-earnings-growth ratio of 1.31 and a beta of 0.83. The firm’s 50 day moving average is $88.55 and its 200-day moving average is $87.48.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, May 7th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.82 by ($0.04). US Foods had a return on equity of 19.37% and a net margin of 1.71%.The business had revenue of $9.61 billion for the quarter, compared to analyst estimates of $9.66 billion. During the same quarter in the previous year, the company posted $0.68 EPS. The business’s revenue for the quarter 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. Equities research analysts anticipate that US Foods Holding Corp. will post 4.34 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USFD. BTIG Research decreased their price objective on US Foods from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, May 11th. Weiss Ratings downgraded shares of US Foods from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. Zacks Research lowered shares of US Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. Piper Sandler reduced their price target on shares of US Foods from $103.00 to $88.00 and set a “neutral” rating for the company in a report on Monday, June 1st. Finally, JPMorgan Chase & Co. dropped their price objective on shares of US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a report on Thursday, May 14th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, US Foods presently has an average rating of “Moderate Buy” and an average price target of $105.50.

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.