First Hawaiian Bank Trims Stock Position in US Foods Holding Corp. $USFD

Key Points

• First Hawaiian Bank reduced its stake in US Foods Holding Corp. by 21.8%, owning 55,787 shares valued at approximately $3.65 million after selling 15,529 shares.
• US Foods reported $1.19 EPS for the last quarter, exceeding the consensus estimate of $1.14, with revenue of $10.08 billion, which was slightly below expectations.
• Barclays and Wells Fargo have recently increased their price targets for US Foods to $95.00 and $87.00 respectively, indicating bullish sentiment towards the stock.

First Hawaiian Bank cut its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 21.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 55,787 shares of the company's stock after selling 15,529 shares during the quarter. First Hawaiian Bank's holdings in US Foods were worth $3,652,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. increased its holdings in shares of US Foods by 14.5% in the 1st 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 period. Allianz Asset Management GmbH increased its holdings in shares of US Foods by 152.6% in the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after acquiring an additional 63,288 shares during the period. Jupiter Asset Management Ltd. purchased a new position in shares of US Foods in the 1st quarter valued at $91,087,000. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 478 shares during the period. Finally, Wealth Enhancement Advisory Services LLC increased its holdings in shares of US Foods by 49.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after acquiring an additional 13,821 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction dated Thursday, July 10th. The stock was 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. The trade was a 6.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.

US Foods Stock Performance

USFD traded down $0.24 on Friday, reaching $79.63. 1,810,960 shares of the stock were exchanged, compared to its average volume of 1,664,627. The company's 50-day moving average price is $80.01 and its 200 day moving average price is $73.60. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. 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 market capitalization of $17.93 billion, a PE ratio of 34.03, a PEG ratio of 1.11 and a beta of 1.39.

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 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 posted $0.93 EPS. The firm's 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, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the company. Barclays lifted their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. JPMorgan Chase & Co. raised their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Guggenheim raised their price objective on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, Morgan Stanley reissued an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. Two research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $81.27.

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.