Parnassus Investments LLC Decreases Stock Holdings in US Foods Holding Corp. $USFD

Parnassus Investments LLC trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 7.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 808,109 shares of the company’s stock after selling 68,582 shares during the period. Parnassus Investments LLC’s holdings in US Foods were worth $60,867,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of USFD. Measured Wealth Private Client Group LLC purchased a new stake in shares of US Foods during the third quarter valued at approximately $26,000. Steph & Co. purchased a new stake in shares of US Foods during 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 second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after acquiring an additional 263 shares during the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in shares of US Foods during the third quarter valued at approximately $49,000. Finally, Root Financial Partners LLC increased its position in shares of US Foods by 22.4% during the fourth quarter. Root Financial Partners LLC now owns 840 shares of the company’s stock valued at $63,000 after acquiring an additional 154 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

USFD has been the subject of a number of research analyst reports. BTIG Research decreased their price target on US Foods from $110.00 to $105.00 and set a “buy” rating for the company in a research report on Monday, May 11th. 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. Citigroup decreased their price target on US Foods from $115.00 to $111.00 and set a “buy” rating for the company in a research report on Friday, May 8th. Wall Street Zen downgraded US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. Finally, Wells Fargo & Company increased their price target on US Foods from $87.00 to $110.00 and gave the company an “overweight” rating in a research report on Friday, February 13th. Ten equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $105.50.

US Foods Price Performance

Shares of NYSE USFD opened at $91.33 on Friday. The stock has a fifty day simple moving average of $87.43 and a two-hundred day simple moving average of $85.78. US Foods Holding Corp. has a 1-year low of $69.88 and a 1-year high of $102.13. The firm has a market cap of $20.11 billion, a price-to-earnings ratio of 30.75, a price-to-earnings-growth ratio of 1.13 and a beta of 0.83. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.16.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, May 7th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.82 by ($0.04). US Foods had a net margin of 1.71% and a return on equity of 19.37%. The firm had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.66 billion. During the same period last year, the company posted $0.68 earnings per share. US Foods’s revenue for the quarter was up 2.8% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. Analysts anticipate that US Foods Holding Corp. will post 4.41 earnings per share for the current year.

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.