Artemis Investment Management LLP Reduces Stock Position in US Foods Holding Corp. $USFD

Artemis Investment Management LLP reduced its position in US Foods Holding Corp. (NYSE:USFD) by 12.4% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 252,222 shares of the company’s stock after selling 35,701 shares during the period. Artemis Investment Management LLP owned 0.12% of US Foods worth $23,257,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of USFD. Wellington Management Group LLP raised its holdings in US Foods by 46.1% in the 2nd quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company’s stock worth $2,352,760,000 after purchasing an additional 7,259,357 shares during the period. BlackRock Inc. purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $2,131,439,000. Boston Partners lifted its stake in shares of US Foods by 0.5% in the 4th quarter. Boston Partners now owns 16,203,880 shares of the company’s stock valued at $1,222,537,000 after purchasing an additional 73,656 shares during the last quarter. Primecap Management Co. CA acquired a new position in shares of US Foods in the 2nd quarter worth approximately $406,997,000. Finally, Artisan Partners Limited Partnership lifted its stake in US Foods by 4.8% during the 4th quarter. Artisan Partners Limited Partnership now owns 3,127,601 shares of the company’s stock worth $235,571,000 after acquiring an additional 143,165 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, insider William Spencer Hancock sold 21,754 shares of the firm’s stock in a transaction on Friday, August 7th. The shares were sold at an average price of $108.29, for a total value of $2,355,740.66. Following the transaction, the insider owned 101,144 shares of the company’s stock, valued at approximately $10,952,883.76. This trade represents a 17.70% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction on Thursday, August 13th. The shares were sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the transaction, the insider owned 73,618 shares in the company, valued at $8,125,218.66. The trade was a 13.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders own 0.74% of the company’s stock.

US Foods Trading Up 1.9%

Shares of NYSE USFD traded up $1.86 on Thursday, reaching $97.91. 432,605 shares of the company traded hands, compared to its average volume of 2,615,214. 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 50 day moving average of $101.24 and a 200 day moving average of $95.05. The stock has a market capitalization of $21.18 billion, a PE ratio of 30.13, a P/E/G ratio of 1.23 and a beta of 0.86. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.08. The firm had revenue of $10.53 billion during 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%.The firm’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.19 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, equities research analysts forecast that US Foods Holding Corp. will post 4.39 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several brokerages recently weighed in on USFD. Weiss Ratings raised shares of US Foods from a “buy (b)” rating to a “buy (b+)” rating in a report on Tuesday, September 22nd. BMO Capital Markets reiterated an “outperform” rating and set a $120.00 target price on shares of US Foods in a research note on Friday, August 7th. BTIG Research raised their price objective on shares of US Foods from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Piper Sandler upped their price target on shares of US Foods from $88.00 to $108.00 and gave the stock a “neutral” rating in a research note on Wednesday, August 12th. Finally, JPMorgan Chase & Co. lowered their target price on shares of US Foods from $108.00 to $98.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 29th. Eleven investment analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $114.54.

About US Foods

US Foods Holding Corp. is a foodservice distributor serving restaurants, healthcare facilities, hospitality businesses, schools, government institutions and other commercial customers across the United States. Through its distribution network, the company supplies a broad range of food and related products, including fresh produce, meat, seafood, dairy, frozen foods, grocery items, beverages and prepared foods.

In addition to food distribution, US Foods provides nonfood products such as kitchen and serving supplies, disposables, cleaning products and equipment.