Fifth Third Wealth Advisors LLC Has $6.16 Million Position in US Foods Holding Corp. $USFD

Key Points

• Fifth Third Wealth Advisors LLC has reduced its position in US Foods Holding Corp. by 14.9%, owning 80,030 shares worth approximately $6.16 million as reported in its recent SEC filing.
• US Foods reported earnings of $1.19 EPS for the latest quarter, exceeding expectations, with revenue of $10.08 billion, reflecting a 3.8% year-over-year increase.
• Currently, 98.76% of US Foods' stock is held by institutional investors, with analysts generally rating the stock as a Buy and a target price average of $81.27.

Fifth Third Wealth Advisors LLC reduced its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 14.9% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 80,030 shares of the company's stock after selling 14,026 shares during the period. Fifth Third Wealth Advisors LLC's holdings in US Foods were worth $6,163,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in USFD. Farther Finance Advisors LLC lifted its holdings in shares of US Foods by 27.2% during the first quarter. Farther Finance Advisors LLC now owns 6,516 shares of the company's stock worth $430,000 after buying an additional 1,393 shares in the last quarter. GAMMA Investing LLC raised 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 worth $226,000 after purchasing an additional 478 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in US Foods by 8.2% in the 1st quarter. Assenagon Asset Management S.A. now owns 441,218 shares of the company's stock worth $28,882,000 after purchasing an additional 33,607 shares in the last quarter. Fifth Third Bancorp raised its stake in US Foods by 15.4% in the 1st quarter. Fifth Third Bancorp now owns 3,043 shares of the company's stock worth $199,000 after purchasing an additional 407 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its stake in US Foods by 49.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after purchasing an additional 13,821 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Stock Down 0.2%

Shares of USFD opened at $75.09 on Friday. 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 one year low of $57.36 and a one year high of $85.11. The company has a market cap of $16.91 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.05 and a beta of 1.36. The firm has a 50 day simple moving average of $77.87 and a two-hundred day simple moving average of $74.98.

US Foods (NYSE:USFD - Get Free Report) last posted 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 company had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter in the previous year, the firm earned $0.93 EPS. US Foods's revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Morgan Stanley reiterated 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. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of US Foods in a report on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Piper Sandler boosted their price target on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Finally, UBS Group boosted their price target on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat, US Foods presently has an average rating of "Buy" and an average target price of $81.27.

US Foods 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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