Ameriprise Financial Inc. Has $139.41 Million Stock Position in US Foods Holding Corp. $USFD

Key Points

• Ameriprise Financial Inc. reduced its stake in US Foods Holding Corp. by 0.3% during the first quarter, owning approximately 2,129,884 shares, valued at $139.4 million.
• US Foods reported an EPS of $1.19 for the last quarter, which surpassed analysts' expectations of $1.14, while its revenue reached $10.08 billion.
• Institutional investors currently hold 98.76% of US Foods' stock, indicating strong institutional interest in the company's performance.

Ameriprise Financial Inc. cut its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 0.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 2,129,884 shares of the company's stock after selling 6,472 shares during the quarter. Ameriprise Financial Inc. owned about 0.92% of US Foods worth $139,405,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Kaufman Rossin Wealth LLC acquired a new position in US Foods during the first quarter worth $283,000. Price T Rowe Associates Inc. MD raised its stake in shares of US Foods by 54.6% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 703,438 shares of the company's stock worth $46,048,000 after purchasing an additional 248,444 shares in the last quarter. Martingale Asset Management L P bought a new stake in shares of US Foods during the 1st quarter worth approximately $2,328,000. Candriam S.C.A. bought a new stake in shares of US Foods during the 1st quarter worth approximately $835,000. Finally, Credit Agricole S A bought a new stake in shares of US Foods during the 1st quarter worth approximately $1,128,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently issued reports on USFD. Wall Street Zen cut US Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday. Citigroup began coverage on US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective on the stock. Wells Fargo & Company reiterated an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Barclays upped their price objective on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Guggenheim upped their price objective on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat, US Foods has a consensus rating of "Buy" and an average target price of $80.55.

Insider Buying and Selling

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 stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

US Foods Stock Performance

NYSE USFD traded up $0.29 on Tuesday, reaching $77.79. The stock had a trading volume of 1,612,929 shares, compared to its average volume of 2,501,307. 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 firm has a fifty day moving average of $79.72 and a two-hundred day moving average of $72.92. US Foods Holding Corp. has a 1-year low of $56.47 and a 1-year high of $85.11. The company has a market cap of $17.52 billion, a P/E ratio of 33.24, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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 analyst estimates of $10.17 billion. During the same period in the prior year, the firm posted $0.93 EPS. The company's revenue for the quarter was up 3.8% on a year-over-year basis. 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.