Assenagon Asset Management S.A. Trims Position in US Foods Holding Corp. $USFD

Assenagon Asset Management S.A. cut its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 76.7% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 42,081 shares of the company’s stock after selling 138,196 shares during the period. Assenagon Asset Management S.A.’s holdings in US Foods were worth $3,880,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of USFD. Measured Wealth Private Client Group LLC bought a new position in shares of US Foods in the third quarter valued at approximately $26,000. Steph & Co. bought a new stake in US Foods during the 4th quarter worth approximately $34,000. Nalls Sherbakoff Group LLC bought a new stake in US Foods during the 4th quarter worth approximately $36,000. Geneos Wealth Management Inc. lifted its stake in US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after purchasing an additional 263 shares in the last quarter. Finally, Caitong International Asset Management Co. Ltd purchased a new stake in US Foods in the 3rd quarter worth approximately $49,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on USFD. Wall Street Zen lowered shares of US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. BTIG Research lowered their price objective on US Foods from $110.00 to $105.00 and set a “buy” rating on the stock in a research report on Monday, May 11th. Zacks Research lowered US Foods from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 20th. JPMorgan Chase & Co. dropped their price objective on US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a research note on Thursday, May 14th. Finally, Citigroup reduced their target price 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. Ten equities research analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $105.50.

US Foods Stock Performance

NYSE:USFD opened at $102.06 on Tuesday. The business has a 50 day moving average of $88.38 and a 200 day moving average of $87.29. The company has a market capitalization of $22.47 billion, a price-to-earnings ratio of 34.36, a PEG ratio of 1.25 and a beta of 0.84. US Foods Holding Corp. has a 1-year low of $69.88 and a 1-year high of $102.50. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.14 and a quick ratio of 0.70.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, May 7th. The company reported $0.78 EPS for the quarter, missing analysts’ consensus estimates of $0.82 by ($0.04). The business had revenue of $9.61 billion for the quarter, compared to the consensus estimate of $9.66 billion. US Foods had a net margin of 1.71% and a return on equity of 19.37%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.68 earnings per share. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, sell-side analysts predict that US Foods Holding Corp. will post 4.34 earnings per share 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.