CIBC Bancorp USA Inc. Takes Position in US Foods Holding Corp. $USFD

CIBC Bancorp USA Inc. acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the third quarter, HoldingsChannel reports. The fund acquired 526,948 shares of the company’s stock, valued at approximately $40,375,000.

Several other institutional investors also recently bought and sold shares of the business. SG Americas Securities LLC increased its holdings in shares of US Foods by 323.5% in the 3rd quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock valued at $2,951,000 after acquiring an additional 29,420 shares during the period. CENTRAL TRUST Co lifted its stake in shares of US Foods by 30,283.3% during the 3rd quarter. CENTRAL TRUST Co now owns 5,469 shares of the company’s stock worth $419,000 after purchasing an additional 5,451 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its position in US Foods by 55.1% during the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,709 shares of the company’s stock valued at $3,732,000 after purchasing an additional 17,300 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in US Foods during the third quarter valued at about $3,599,000. Finally, Artisan Partners Limited Partnership grew its stake in US Foods by 12.4% in the second quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock valued at $247,003,000 after purchasing an additional 354,747 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Citigroup boosted their target price on shares of US Foods from $95.00 to $118.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Wall Street Zen downgraded shares of US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, February 7th. Sanford C. Bernstein reiterated an “outperform” rating and set a $106.00 price objective on shares of US Foods in a research note on Friday, February 13th. Piper Sandler cut shares of US Foods from an “overweight” rating to a “neutral” rating and increased their target price for the company from $85.00 to $103.00 in a research report on Friday, February 13th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a research note on Monday, December 29th. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $107.33.

US Foods Trading Up 0.3%

US Foods stock opened at $92.05 on Wednesday. The company has a debt-to-equity ratio of 1.18, a quick ratio of 0.68 and a current ratio of 1.16. The stock has a market cap of $20.30 billion, a PE ratio of 31.31, a price-to-earnings-growth ratio of 1.12 and a beta of 0.98. The stock has a 50-day moving average of $89.05 and a two-hundred day moving average of $80.48. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $102.13.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, February 12th. The company reported $1.04 earnings per share for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. US Foods had a return on equity of 18.74% and a net margin of 1.71%.The business had revenue of $9.80 billion for the quarter, compared to analyst estimates of $9.90 billion. During the same quarter in the previous year, the firm earned $0.84 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, insider James David Works, Jr. sold 65,737 shares of the business’s stock in a transaction that occurred on Wednesday, February 18th. The shares were sold at an average price of $96.52, for a total transaction of $6,344,935.24. Following the sale, the insider owned 88,176 shares of the company’s stock, valued at approximately $8,510,747.52. The trade was a 42.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company’s stock.

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.