EP Wealth Advisors LLC Acquires New Position in US Foods Holding Corp. $USFD

Key Points

• EP Wealth Advisors LLC has invested approximately $2.32 million in US Foods Holding Corp, purchasing 35,393 shares in the first quarter.
• US Foods has received various analyst upgrades, with Citigroup setting a price target of $95.00 and a consensus rating of "Buy" with an average price target of $81.27.
• In recent insider transactions, EVP Dirk J. Locascio sold 7,500 shares of stock for about $600,000, reducing his ownership by 6.12%.

EP Wealth Advisors LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 35,393 shares of the company's stock, valued at approximately $2,317,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Boston Partners lifted its holdings in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after purchasing an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP raised its holdings in US Foods by 3.7% during the first quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock worth $774,806,000 after buying an additional 426,288 shares during the last quarter. Invesco Ltd. lifted its stake in shares of US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after buying an additional 1,350,034 shares in the last quarter. Ameriprise Financial Inc. lifted its stake in shares of US Foods by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after buying an additional 36,307 shares in the last quarter. Finally, Primecap Management Co. CA grew its holdings in shares of US Foods by 194.6% during the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after buying an additional 1,282,379 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction dated Thursday, July 10th. The shares were 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 approximately $9,206,160. The trade was a 6.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

USFD has been the topic of several recent research reports. UBS Group raised their price target 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. Morgan Stanley reissued an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday. Citigroup initiated coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. Finally, Piper Sandler increased their price target on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $81.27.

US Foods Stock Performance

Shares of NYSE USFD traded down $0.12 during midday trading on Friday, reaching $77.88. The company's stock had a trading volume of 1,228,073 shares, compared to its average volume of 1,964,441. The stock has a market capitalization of $17.54 billion, a P/E ratio of 33.28, a PEG ratio of 1.09 and a beta of 1.39. 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 50 day moving average price of $79.92 and a 200-day moving average price of $73.30. US Foods Holding Corp. has a 12-month low of $56.47 and a 12-month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping 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 business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same period last year, the company posted $0.93 earnings per share. 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, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share 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.