US Foods Holding Corp. $USFD Shares Bought by Ethic Inc.

Key Points

• Ethic Inc. increased its stake in US Foods Holding Corp. by 16.7%, acquiring an additional 7,293 shares during the first quarter, resulting in a total of 51,074 shares valued at approximately $3.37 million.
• Institutional investors currently hold a significant 98.76% of US Foods' stock, with companies like Boston Partners and Invesco making substantial purchases in recent quarters.
• Multiple Wall Street analysts have raised their price targets for US Foods, with UBS Group setting a new target of $96.00 and a consensus rating of "Buy" for the stock.

Ethic Inc. increased its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 16.7% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,074 shares of the company's stock after purchasing an additional 7,293 shares during the quarter. Ethic Inc.'s holdings in US Foods were worth $3,370,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Colonial Trust Co SC acquired a new stake in US Foods during the 4th quarter valued at approximately $25,000. GeoWealth Management LLC boosted its holdings in US Foods by 94.5% in the fourth 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 last quarter. Caitong International Asset Management Co. Ltd acquired a new stake in US Foods during the 1st quarter worth about $31,000. True Wealth Design LLC raised its stake in shares of US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Price Performance

Shares of NYSE:USFD traded up $1.7530 during trading on Wednesday, reaching $78.7530. The stock had a trading volume of 2,351,970 shares, compared to its average volume of 2,264,607. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods Holding Corp. has a 1-year low of $56.47 and a 1-year high of $85.11. The stock has a market cap of $17.73 billion, a PE ratio of 33.66, a PEG ratio of 1.09 and a beta of 1.44. The business has a fifty day moving average price of $79.53 and a 200-day moving average price of $72.69.

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

Analysts Set New Price Targets

USFD has been the topic of a number of recent research reports. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Wells Fargo & Company restated an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, UBS Group raised their target price on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research 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 given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $80.55.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the company'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 of the company's stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate 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.