American Century Companies Inc. Buys 21,894 Shares of US Foods Holding Corp. $USFD

Key Points

• American Century Companies Inc. increased its stake in US Foods Holding Corp. by 9.2%, acquiring an additional 21,894 shares during the first quarter, bringing its total ownership to approximately 0.11% of the company valued at $17 million.
• US Foods reported $1.19 earnings per share for the last quarter, exceeding expectations, with revenue of $10.08 billion, a 3.8% increase from the previous year.
• Wall Street analysts have a consensus rating of "Buy" for US Foods, with price targets ranging from $80.55 to $95.00, reflecting positive sentiment toward the company's growth potential.

American Century Companies Inc. boosted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 260,424 shares of the company's stock after acquiring an additional 21,894 shares during the quarter. American Century Companies Inc. owned approximately 0.11% of US Foods worth $17,047,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. Kesler Norman & Wride LLC grew its holdings in US Foods by 1.3% during the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock worth $822,000 after acquiring an additional 160 shares during the last quarter. GeoWealth Management LLC boosted its stake in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Signaturefd LLC boosted its stake in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock valued at $85,000 after purchasing an additional 214 shares during the last quarter. Kovitz Investment Group Partners LLC boosted its stake in shares of US Foods by 7.2% in the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,373 shares of the company's stock valued at $221,000 after purchasing an additional 226 shares during the last quarter. Finally, ProShare Advisors LLC boosted its stake in shares of US Foods by 2.2% in the 4th quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock valued at $735,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

US Foods Stock Up 0.8%

US Foods stock opened at $78.0320 on Monday. The company's 50 day simple moving average is $79.66 and its 200 day simple moving average is $72.83. US Foods Holding Corp. has a fifty-two week low of $56.47 and a fifty-two week high of $85.11. The firm has a market capitalization of $17.57 billion, a price-to-earnings ratio of 33.35, a PEG ratio of 1.10 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73.

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, topping the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same quarter last year, the firm earned $0.93 EPS. US Foods's quarterly revenue 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. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on USFD shares. Wall Street Zen lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Barclays raised their target price on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. raised their target price on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average price target of $80.55.

Insider Buying and Selling

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction that occurred 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 in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.

US Foods 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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