Congress Asset Management Co. Cuts Stock Holdings in US Foods Holding Corp. $USFD

Key Points

• Congress Asset Management Co. reduced its stake in US Foods Holding Corp. by 39.3% in the second quarter, now owning approximately 1,003,058 shares valued at $77.2 million.
• Several institutional investors, including Allianz Asset Management and OMNI 360 Wealth Inc., have made various adjustments to their holdings in US Foods, reflecting a high institutional ownership of 98.76%.
• Analysts have recently increased price targets for US Foods, with Barclays raising its target from $85.00 to $95.00, while the company has a consensus rating of Buy and an average target price of $81.27.

Congress Asset Management Co. decreased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 39.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,003,058 shares of the company's stock after selling 649,747 shares during the quarter. Congress Asset Management Co. owned approximately 0.43% of US Foods worth $77,245,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. OMNI 360 Wealth Inc. purchased a new stake in US Foods in the 2nd quarter valued at about $276,000. Sumitomo Mitsui Trust Group Inc. increased its position in shares of US Foods by 14.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after acquiring an additional 1,200 shares during the last quarter. Allianz Asset Management GmbH lifted its holdings in US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after acquiring an additional 63,288 shares during the period. Jupiter Asset Management Ltd. purchased a new position in US Foods in the first quarter worth $91,087,000. Finally, GAMMA Investing LLC grew its stake in US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Barclays boosted their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Guggenheim boosted their target price on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Finally, UBS Group raised their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Two 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 stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of $81.27.

US Foods Stock Performance

NYSE:USFD opened at $76.51 on Friday. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11. The business's fifty day moving average is $79.48 and its 200 day moving average is $74.14. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. The firm has a market cap of $17.23 billion, a price-to-earnings ratio of 32.69, a PEG ratio of 1.08 and a beta of 1.39.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly 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 for the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The company's revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the 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 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 sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

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.

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