Pictet Asset Management Holding SA Sells 13,596 Shares of US Foods Holding Corp. $USFD

Pictet Asset Management Holding SA cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 2.9% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 458,720 shares of the company’s stock after selling 13,596 shares during the period. Pictet Asset Management Holding SA’s holdings in US Foods were worth $34,551,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Parkside Financial Bank & Trust raised its holdings in US Foods by 303.7% during the third quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after acquiring an additional 246 shares in the last quarter. Measured Wealth Private Client Group LLC bought a new position in US Foods in the third quarter valued at approximately $26,000. Steph & Co. bought a new position in US Foods in the fourth quarter valued at approximately $34,000. Geneos Wealth Management Inc. increased its position in shares of US Foods by 120.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after purchasing an additional 263 shares during the last quarter. Finally, First Horizon Corp bought a new stake in shares of US Foods during the 3rd quarter worth approximately $39,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, insider James David Works, Jr. sold 65,737 shares of US Foods stock in a transaction dated 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 completion of 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.74% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently commented on the company. BMO Capital Markets increased their price objective on US Foods from $95.00 to $115.00 and gave the company an “outperform” rating in a report on Friday, February 13th. Sanford C. Bernstein reaffirmed an “outperform” rating and set a $106.00 price target on shares of US Foods in a research report on Friday, February 13th. Deutsche Bank Aktiengesellschaft set a $111.00 price target on shares of US Foods and gave the company a “buy” rating in a research note on Friday, February 13th. UBS Group reissued a “buy” rating and issued a $117.00 price objective on shares of US Foods in a research report on Friday, February 13th. Finally, Barclays boosted their price objective on shares of US Foods from $90.00 to $104.00 and gave the stock an “overweight” rating in a research note on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $107.33.

US Foods Stock Up 1.2%

USFD stock opened at $91.43 on Thursday. US Foods Holding Corp. has a 1-year low of $64.08 and a 1-year high of $102.13. The business’s 50 day simple moving average is $92.16 and its 200 day simple moving average is $83.48. The company has a current ratio of 1.16, a quick ratio of 0.68 and a debt-to-equity ratio of 1.18. The firm has a market capitalization of $20.14 billion, a PE ratio of 31.10, a PEG ratio of 1.11 and a beta of 0.98.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 12th. The company reported $1.04 EPS for the quarter, topping analysts’ consensus estimates of $1.01 by $0.03. US Foods had a net margin of 1.71% and a return on equity of 18.74%. The firm had revenue of $9.80 billion during the quarter, compared to analysts’ expectations of $9.90 billion. During the same period in the previous year, the business posted $0.84 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, research analysts anticipate that US Foods Holding Corp. will post 4.53 EPS for the current year.

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.