Freestone Grove Partners LP Invests $30.19 Million in US Foods Holding Corp. $USFD

Freestone Grove Partners LP purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 295,214 shares of the company’s stock, valued at approximately $30,186,000. Freestone Grove Partners LP owned approximately 0.14% of US Foods as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USFD. BlackRock Inc. bought a new position in shares of US Foods in the 2nd quarter worth about $2,131,439,000. Primecap Management Co. CA bought a new stake in shares of US Foods in the 2nd quarter worth approximately $406,997,000. Price T Rowe Associates Inc. MD grew its stake in shares of US Foods by 412.9% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 4,165,611 shares of the company’s stock worth $313,755,000 after buying an additional 3,353,396 shares during the last quarter. Bank of Montreal Can increased its position in US Foods by 8,056.1% during the 4th quarter. Bank of Montreal Can now owns 2,866,721 shares of the company’s stock valued at $215,921,000 after buying an additional 2,831,573 shares in the last quarter. Finally, Norges Bank bought a new position in US Foods during the 4th quarter valued at approximately $192,849,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at US Foods

In other news, insider William Spencer Hancock sold 21,754 shares of the stock in a transaction on 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 transaction, the insider directly owned 101,144 shares of the company’s stock, valued at $10,952,883.76. This represents a 17.70% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Randy J. Taylor sold 11,630 shares of the firm’s stock in a transaction on Thursday, August 13th. The stock was 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 in the company, valued at approximately $8,125,218.66. This trade represents a 13.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 0.74% of the company’s stock.

US Foods Price Performance

NYSE USFD opened at $107.83 on Friday. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $111.42. The stock has a 50-day moving average of $102.20 and a 200 day moving average of $94.37. The company has a market capitalization of $23.33 billion, a price-to-earnings ratio of 33.18, a PEG ratio of 1.38 and a beta of 0.81. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 6th. The company reported $1.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.08. The business 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%. The business’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 business earned $1.19 EPS. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, sell-side analysts forecast that US Foods Holding Corp. will post 4.41 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on the company. BMO Capital Markets reissued an “outperform” rating and issued a $120.00 target price on shares of US Foods 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 stock a “neutral” rating in a research note on Wednesday, August 12th. Guggenheim raised 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. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a report on Wednesday, July 29th. Finally, Wall Street Zen raised shares of US Foods from a “hold” rating to a “buy” rating in a report on Saturday, August 15th. Eleven equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $113.92.

About US Foods

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.