Tocqueville Asset Management L.P. Takes Position in US Foods Holding Corp. $USFD

Tocqueville Asset Management L.P. bought a new position 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 14,246 shares of the company’s stock, valued at approximately $1,457,000.

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

US Foods Price Performance

US Foods stock opened at $108.37 on Friday. US Foods Holding Corp. has a 12 month low of $69.88 and a 12 month high of $111.42. The company has a debt-to-equity ratio of 1.19, a current ratio of 1.14 and a quick ratio of 0.70. The business has a 50 day simple moving average of $100.64 and a 200-day simple moving average of $93.63. The stock has a market capitalization 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.

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, 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 the consensus estimate of $10.46 billion. During the same period last year, the company earned $1.19 earnings per share. The company’s revenue for the quarter was up 4.5% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. Equities analysts predict that US Foods Holding Corp. will post 4.41 earnings per share for the current year.

Insider Buying and Selling at US Foods

In other news, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $110.37, for a total value of $1,283,603.10. Following the sale, the insider owned 73,618 shares of the company’s stock, valued at $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of US Foods stock in a transaction dated Friday, August 7th. The shares were 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 in the company, valued at approximately $10,952,883.76. The trade was a 17.70% decrease in their position. The SEC filing for this sale provides additional information. 0.74% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on USFD. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research report on Wednesday, July 29th. BTIG Research lifted their target price on US Foods from $105.00 to $120.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. Citigroup boosted their target price on US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 7th. JPMorgan Chase & Co. decreased their target price on US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a research report on Thursday, May 14th. Finally, Piper Sandler raised their price target on US Foods from $88.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Eleven analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average 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.