OMNI 360 Wealth Inc. Makes New Investment in US Foods Holding Corp. $USFD

Key Points

• OMNI 360 Wealth Inc. acquired 3,589 shares of US Foods Holding Corp. (NYSE: USFD), valued at approximately $276,000, during the 2nd quarter.
• US Foods reported a Q2 EPS of $1.19, exceeding estimates of $1.14, with a revenue of $10.08 billion, reflecting a 3.8% year-over-year increase.
• The stock has received multiple price target increases from brokerages, with Barclays setting a new target of $95.00 and maintaining an "overweight" rating.

OMNI 360 Wealth Inc. purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 3,589 shares of the company's stock, valued at approximately $276,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after buying an additional 1,200 shares during the period. Allianz Asset Management GmbH increased its holdings in US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after purchasing an additional 63,288 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in US Foods in the first quarter valued at $91,087,000. GAMMA Investing LLC grew its position in shares of US Foods by 16.0% during the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after buying an additional 478 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its position in US Foods by 49.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after purchasing an additional 13,821 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the sale, the executive vice president directly 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 legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

US Foods Stock Down 0.2%

Shares of USFD stock traded down $0.20 on Friday, reaching $78.18. 566,628 shares of the company's stock traded hands, compared to its average volume of 2,192,404. The company has a market capitalization of $17.60 billion, a P/E ratio of 33.41, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. The business's 50 day moving average price is $79.95 and its two-hundred day moving average price is $73.77. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11. 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 (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The firm's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

Several equities analysts recently commented on the company. JPMorgan Chase & Co. upped their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Morgan Stanley restated an "overweight" rating and issued a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. UBS Group upped their target price on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Piper Sandler boosted their target price on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. 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. According to data from MarketBeat.com, US Foods has an average rating of "Buy" and a consensus target price of $81.27.

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.