Royal Bank of Canada Sells 128,027 Shares of US Foods Holding Corp. $USFD

Royal Bank of Canada decreased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 74.8% in the 1st quarter, Holdings Channel reports. The fund owned 43,054 shares of the company’s stock after selling 128,027 shares during the quarter. Royal Bank of Canada’s holdings in US Foods were worth $3,970,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Empowered Funds LLC increased its holdings in US Foods by 36.8% in the 1st quarter. Empowered Funds LLC now owns 57,498 shares of the company’s stock worth $5,302,000 after acquiring an additional 15,476 shares during the last quarter. The Manufacturers Life Insurance Company lifted its holdings in US Foods by 1.9% during the first quarter. The Manufacturers Life Insurance Company now owns 703,048 shares of the company’s stock valued at $64,828,000 after purchasing an additional 13,308 shares during the last quarter. Quantinno Capital Management LP lifted its holdings in US Foods by 15.8% during the first quarter. Quantinno Capital Management LP now owns 660,043 shares of the company’s stock valued at $60,863,000 after purchasing an additional 90,179 shares during the last quarter. Lazard Asset Management LLC boosted its position in US Foods by 6.2% during the first quarter. Lazard Asset Management LLC now owns 5,721 shares of the company’s stock worth $528,000 after purchasing an additional 336 shares during the period. Finally, Wealth Alliance LLC bought a new position in US Foods during the first quarter worth about $213,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Activity

In other news, insider Randy J. Taylor sold 11,630 shares of the company’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. This represents a 13.64% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the sale, the insider owned 101,144 shares of the company’s stock, valued at approximately $10,952,883.76. This represents a 17.70% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Corporate insiders own 0.74% of the company’s stock.

US Foods Stock Down 1.2%

Shares of NYSE USFD opened at $108.72 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19. US Foods Holding Corp. has a 52 week low of $69.88 and a 52 week high of $111.42. The firm’s fifty day moving average is $99.16 and its 200 day moving average is $92.86. The company has a market cap of $23.52 billion, a price-to-earnings ratio of 33.45, a PEG ratio of 1.42 and a beta of 0.81.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, August 6th. The company reported $1.44 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.08. The business 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 for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.19 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, equities research analysts expect that US Foods Holding Corp. will post 4.35 earnings per share for the current year.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent research reports. BTIG Research lifted their target price on shares of US Foods from $105.00 to $120.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Piper Sandler upped their price target on shares of US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a research note on Wednesday. BMO Capital Markets reaffirmed an “outperform” rating and issued a $120.00 price objective on shares of US Foods in a report on Friday, August 7th. Guggenheim lifted their price objective on shares of US Foods from $115.00 to $120.00 and gave the company a “buy” rating in a research note on Friday, August 7th. Finally, Citigroup boosted their target price on shares of US Foods from $110.00 to $124.00 and gave the company a “buy” rating in a report on Friday, August 7th. Eleven equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target 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.