Ballentine Partners LLC Takes Position in US Foods Holding Corp. $USFD

Key Points

• Ballentine Partners LLC acquired a new stake in US Foods Holding Corp. during Q2, purchasing 4,777 shares valued at approximately $368,000.
• US Foods received favorable analysts' ratings, with Barclays and UBS raising target prices to $95.00 and $96.00 respectively, while maintaining an "overweight" and "buy" rating.
• In Q2, several institutional investors increased their holdings in US Foods, with hedge funds now owning approximately 98.76% of the stock.

Ballentine Partners LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,777 shares of the company's stock, valued at approximately $368,000.

Several other large investors have also made changes to their positions in the business. Revisor Wealth Management LLC purchased a new position in shares of US Foods in the second quarter valued at about $208,000. Oliver Luxxe Assets LLC increased its holdings in shares of US Foods by 0.7% in the second quarter. Oliver Luxxe Assets LLC now owns 50,793 shares of the company's stock worth $3,912,000 after purchasing an additional 376 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of US Foods by 35.7% in the second quarter. GAMMA Investing LLC now owns 4,692 shares of the company's stock worth $361,000 after purchasing an additional 1,234 shares during the last quarter. Sowell Financial Services LLC increased its holdings in shares of US Foods by 3.0% in the second quarter. Sowell Financial Services LLC now owns 14,575 shares of the company's stock worth $1,122,000 after purchasing an additional 418 shares during the last quarter. Finally, UMB Bank n.a. increased its holdings in shares of US Foods by 7.9% in the second quarter. UMB Bank n.a. now owns 2,644 shares of the company's stock worth $204,000 after purchasing an additional 193 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the business's 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 transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by company insiders.

Analysts Set New Price Targets

USFD has been the topic of several research reports. Barclays lifted their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Guggenheim lifted their target price on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, UBS Group lifted their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus target price of $81.27.

US Foods Trading Up 0.1%

Shares of NYSE USFD opened at $76.57 on Friday. The business's 50 day moving average is $79.35 and its two-hundred day moving average is $74.28. 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 Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The stock has a market capitalization of $17.24 billion, a P/E ratio of 32.72, a PEG ratio of 1.07 and a beta of 1.39.

US Foods (NYSE:USFD - Get Free Report) last issued 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 return on equity of 16.86% and a net margin of 1.43%.The company had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. During the same period in the previous year, the firm posted $0.93 earnings per share. The firm'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. As a group, research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current 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.

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