Legal & General Group Plc Acquires New Position in US Foods Holding Corp. $USFD

Legal & General Group Plc bought a new position in US Foods Holding Corp. (NYSE:USFD) in the 2nd quarter, Holdings Channel reports. The fund bought 316,811 shares of the company’s stock, valued at approximately $32,394,000.

Other large investors have also added to or reduced their stakes in the company. Measured Wealth Private Client Group LLC purchased a new stake in shares of US Foods in the third quarter worth $26,000. Keating Financial Advisory Services Inc. purchased a new position in shares of US Foods during the 2nd quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC bought a new position in US Foods in the 2nd quarter worth $28,000. Nalls Sherbakoff Group LLC purchased a new stake in US Foods in the 4th quarter worth $36,000. Finally, Geneos Wealth Management Inc. raised its holdings in 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 period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on USFD. BTIG Research boosted their price objective on US Foods from $105.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wells Fargo & Company lifted their target price on US Foods from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 price target on shares of US Foods in a report on Friday, August 7th. UBS Group upped their price target on US Foods from $117.00 to $127.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Finally, Piper Sandler increased their price objective on shares of US Foods from $88.00 to $108.00 and gave the company a “neutral” rating in a report on Wednesday, August 12th. Eleven 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 a consensus target price of $113.92.

Insiders Place Their Bets

In related news, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction dated Thursday, August 13th. The shares were sold at an average price of $110.37, for a total value of $1,283,603.10. Following the completion of the transaction, the insider owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. This trade represents a 13.64% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider William Spencer Hancock sold 21,754 shares of US Foods stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $108.29, for a total value of $2,355,740.66. Following the completion of the transaction, 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 position. The disclosure for this sale is available in the SEC filing. Company insiders own 0.74% of the company’s stock.

US Foods Stock Down 0.4%

NYSE USFD opened at $107.33 on Friday. The stock has a 50 day moving average price of $102.50 and a 200-day moving average price of $94.47. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. The company has a market capitalization of $23.22 billion, a P/E ratio of 33.02, a P/E/G ratio of 1.37 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, topping the consensus estimate of $1.36 by $0.08. The company had revenue of $10.53 billion for 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%. US Foods’s quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.19 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. As a group, equities analysts predict that US Foods Holding Corp. will post 4.41 EPS for the current fiscal 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.