357,919 Shares in US Foods Holding Corp. $USFD Bought by Strs Ohio

Key Points

• Strs Ohio purchased 357,919 shares of US Foods Holding Corp., valued at approximately $23.4 million, during the first quarter, bringing its ownership to 0.15% of the company.
• Analyst ratings for US Foods show a generally positive outlook, with price targets raised by several firms, including UBS, which increased its target from $84 to $96, and Guggenheim from $80 to $88.
• US Foods reported a 3.8% year-over-year revenue increase for the quarter, achieving $10.08 billion, although coming in slightly below analysts' expectations.

Strs Ohio acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The fund acquired 357,919 shares of the company's stock, valued at approximately $23,429,000. Strs Ohio owned 0.15% of US Foods as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of US Foods during the first quarter valued at about $31,000. True Wealth Design LLC increased its position in shares of US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares during the period. Blue Trust Inc. increased its position in shares of US Foods by 487.2% during the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares during the period. Signaturefd LLC increased its position in shares of US Foods by 19.7% during the first quarter. Signaturefd LLC now owns 1,302 shares of the company's stock valued at $85,000 after buying an additional 214 shares during the period. Finally, Harvest Fund Management Co. Ltd bought a new stake in shares of US Foods during the first quarter valued at about $96,000. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on USFD. JPMorgan Chase & Co. upped their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. UBS Group upped their price target on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Piper Sandler upped their price target on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Citigroup initiated coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus target price of $81.27.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the completion of the sale, the executive vice president owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

US Foods Price Performance

USFD traded down $0.39 during midday trading on Thursday, hitting $78.40. The stock had a trading volume of 523,359 shares, compared to its average volume of 2,195,650. The company has a market cap of $17.65 billion, a P/E ratio of 33.48, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39. The business has a fifty day moving average of $79.99 and a 200 day moving average of $73.72. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

About US Foods

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's customers include independently owned single and multi-unit restaurants, regional concepts, national restaurant chains, hospitals, nursing homes, hotels and motels, country clubs, government and military organizations, colleges and universities, and retail locations.