357,919 Shares in US Foods Holding Corp. $USFD Purchased 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 bought a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 357,919 shares of the company's stock, valued at approximately $23,429,000. Strs Ohio owned about 0.15% of US Foods at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USFD. Boston Partners increased its stake in US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after buying an additional 3,713,345 shares during the last quarter. Burgundy Asset Management Ltd. purchased a new stake in US Foods in the 1st quarter valued at about $110,245,000. Jupiter Asset Management Ltd. purchased a new stake in US Foods in the 1st quarter valued at about $91,087,000. AQR Capital Management LLC increased its stake in US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after buying an additional 1,385,521 shares during the last quarter. Finally, Invesco Ltd. increased its stake in US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after buying an additional 1,350,034 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. The trade was a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

USFD has been the subject of several analyst reports. UBS Group increased their price objective on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Wells Fargo & Company reiterated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Guggenheim increased their price objective on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, JPMorgan Chase & Co. raised their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. 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 stock. According to MarketBeat.com, US Foods currently has an average rating of "Buy" and a consensus price target of $81.27.

US Foods Stock Down 0.3%

Shares of NYSE USFD opened at $79.63 on Friday. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $85.11. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The business's fifty day moving average price is $80.01 and its 200-day moving average price is $73.56. The stock has a market capitalization of $17.93 billion, a PE ratio of 34.03, a P/E/G ratio of 1.12 and a beta of 1.39.

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

US Foods Company Profile

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.

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