BI Asset Management Fondsmaeglerselskab A S Has $96,000 Stake in US Foods Holding Corp. $USFD

Key Points

• BI Asset Management Fondsmaeglerselskab A S has significantly reduced its stake in US Foods Holding Corp. by 95.3%, leaving it with just 1,464 shares worth $96,000.
• US Foods recently reported quarterly earnings of $1.19 per share, beating analysts' estimates by $0.05, with a revenue total of $10.08 billion.
• Analyst opinions on US Foods are generally positive, with several price target increases, including UBS's raise to $96.00 and Morgan Stanley's to $89.00.

BI Asset Management Fondsmaeglerselskab A S trimmed its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 95.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 1,464 shares of the company's stock after selling 29,554 shares during the period. BI Asset Management Fondsmaeglerselskab A S's holdings in US Foods were worth $96,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in USFD. Jump Financial LLC acquired a new stake in US Foods in the 4th quarter valued at $243,000. Marshall Wace LLP boosted its holdings in US Foods by 179.1% in the 4th quarter. Marshall Wace LLP now owns 26,781 shares of the company's stock valued at $1,807,000 after purchasing an additional 17,187 shares during the period. GeoWealth Management LLC boosted its holdings in 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 period. Stifel Financial Corp boosted its holdings in US Foods by 36.9% in the 4th quarter. Stifel Financial Corp now owns 18,419 shares of the company's stock valued at $1,243,000 after purchasing an additional 4,962 shares during the period. Finally, Hsbc Holdings PLC boosted its holdings in US Foods by 4,602.0% in the 4th quarter. Hsbc Holdings PLC now owns 372,211 shares of the company's stock valued at $25,193,000 after purchasing an additional 364,295 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Performance

Shares of USFD stock opened at $78.0320 on Monday. US Foods Holding Corp. has a one year low of $56.47 and a one year high of $85.11. The firm has a 50-day moving average of $79.66 and a 200-day moving average of $72.83. 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 company has a market cap of $17.57 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.10 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $10.17 billion. During the same quarter last year, the company posted $0.93 earnings per share. The firm'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. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

USFD has been the subject of several analyst reports. UBS Group boosted their target price on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Guggenheim upped their price objective on shares of US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Morgan Stanley restated an "overweight" rating and issued a $89.00 price target (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Citigroup began coverage on shares of US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. Finally, Wall Street Zen cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday. Two investment 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's stock. According to data from MarketBeat, US Foods currently has a consensus rating of "Buy" and an average target price of $80.55.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the completion of the sale, the executive vice president owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 0.60% of the company's stock.

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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