Norges Bank Buys Shares of 2,560,390 US Foods Holding Corp. $USFD

Norges Bank bought a new stake in US Foods Holding Corp. (NYSE:USFD) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 2,560,390 shares of the company’s stock, valued at approximately $192,849,000.

Several other hedge funds have also recently added to or reduced their stakes in USFD. Measured Wealth Private Client Group LLC acquired a new position in US Foods in the third quarter valued at about $26,000. Steph & Co. acquired a new position in US Foods in the fourth quarter valued at about $34,000. Geneos Wealth Management Inc. lifted its stake in US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after buying an additional 263 shares during the period. Caitong International Asset Management Co. Ltd acquired a new position in US Foods in the third quarter valued at about $49,000. Finally, V Square Quantitative Management LLC acquired a new position in US Foods in the fourth quarter valued at about $73,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 2.9%

NYSE USFD opened at $83.09 on Thursday. The firm has a market cap of $18.30 billion, a P/E ratio of 27.98, a P/E/G ratio of 1.01 and a beta of 0.83. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.14 and a quick ratio of 0.70. The stock’s 50-day moving average is $87.93 and its 200-day moving average is $85.09. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $102.13.

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

Analysts Set New Price Targets

USFD has been the topic of several analyst reports. Wells Fargo & Company increased their target price on US Foods from $87.00 to $110.00 and gave the company an “overweight” rating in a research note on Friday, February 13th. JPMorgan Chase & Co. cut 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. Citigroup cut their target price on US Foods from $115.00 to $111.00 and set a “buy” rating on the stock in a research note on Friday, May 8th. Piper Sandler cut their target price on US Foods from $103.00 to $88.00 and set a “neutral” rating on the stock in a research note on Monday. Finally, Barclays raised their price target on US Foods from $90.00 to $104.00 and gave the stock an “overweight” rating in a research report on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $105.50.

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.