The Manufacturers Life Insurance Company Makes New Investment in US Foods Holding Corp. $USFD

The Manufacturers Life Insurance Company purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 751,810 shares of the company’s stock, valued at approximately $76,873,000.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Jones Financial Companies Lllp acquired a new position in shares of US Foods in the 2nd quarter worth approximately $66,000. SaddleRock Capital Management LLC purchased a new position in shares of US Foods during the 2nd quarter worth approximately $7,058,000. Sanctuary Advisors LLC acquired a new stake in US Foods in the 2nd quarter valued at approximately $951,000. Meiji Yasuda Asset Management Co Ltd. acquired a new stake in US Foods in the 2nd quarter valued at approximately $520,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in US Foods in the 2nd quarter valued at approximately $28,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

Shares of USFD opened at $108.95 on Wednesday. The company has a market cap of $23.57 billion, a P/E ratio of 33.52, a PEG ratio of 1.39 and a beta of 0.81. 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 quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19. The firm’s 50 day moving average price is $101.60 and its 200 day moving average price is $94.11.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 6th. The company reported $1.44 EPS for the quarter, beating the consensus estimate of $1.36 by $0.08. The company had revenue of $10.53 billion during the quarter, compared to analysts’ expectations of $10.46 billion. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The firm’s revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company posted $1.19 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, research analysts forecast that US Foods Holding Corp. will post 4.41 earnings per share for the current fiscal year.

Insider Buying and Selling at US Foods

In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the company’s stock in a transaction dated Thursday, August 13th. The stock was sold at an average price of $110.37, for a total transaction of $1,283,603.10. Following the sale, the insider owned 73,618 shares in the company, valued at $8,125,218.66. This represents a 13.64% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction dated 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 completion of the sale, the insider directly owned 101,144 shares in the company, valued at $10,952,883.76. This represents a 17.70% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.74% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of research firms have commented on USFD. Guggenheim upped their price target on US Foods from $115.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Zacks Research raised US Foods from a “strong sell” rating to a “hold” rating in a research note on Tuesday, July 28th. TD Cowen boosted their price objective on US Foods from $116.00 to $119.00 and gave the company a “buy” rating in a report on Thursday, August 6th. UBS Group boosted their price objective on US Foods from $117.00 to $127.00 and gave the company a “buy” rating in a report on Friday, August 7th. Finally, JPMorgan Chase & Co. decreased their target price on US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Eleven research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $113.92.

US Foods Company 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.