First Hawaiian Bank Sells 15,529 Shares of 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 reduced its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 21.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 55,787 shares of the company's stock after selling 15,529 shares during the period. First Hawaiian Bank's holdings in US Foods were worth $3,652,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in USFD. Captrust Financial Advisors boosted its position in US Foods by 69.4% during the 4th quarter. Captrust Financial Advisors now owns 16,603 shares of the company's stock valued at $1,120,000 after purchasing an additional 6,804 shares during the period. Cetera Investment Advisers lifted its stake in US Foods by 84.6% during the fourth quarter. Cetera Investment Advisers now owns 24,062 shares of the company's stock valued at $1,623,000 after purchasing an additional 11,024 shares during the last quarter. Deutsche Bank AG grew its holdings in shares of US Foods by 79.6% in the 4th quarter. Deutsche Bank AG now owns 152,050 shares of the company's stock worth $10,257,000 after acquiring an additional 67,399 shares during the last quarter. Focus Partners Wealth lifted its stake in US Foods by 15.3% during the fourth quarter. Focus Partners Wealth now owns 75,308 shares of the company's stock valued at $5,080,000 after buying an additional 9,968 shares in the last quarter. Finally, Janus Henderson Group PLC boosted its stake in US Foods by 1.9% in the 4th quarter. Janus Henderson Group PLC now owns 104,259 shares of the company's stock worth $7,031,000 after purchasing an additional 1,900 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.60% of the stock is owned by corporate insiders.

US Foods Trading Up 0.7%

Shares of NYSE USFD traded up $0.54 during midday trading on Wednesday, reaching $78.24. 391,628 shares of the stock were exchanged, compared to its average volume of 2,196,265. 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 business has a 50-day simple moving average of $80.01 and a two-hundred day simple moving average of $73.68. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11. The company has a market capitalization of $17.62 billion, a price-to-earnings ratio of 33.45, a P/E/G ratio of 1.11 and a beta of 1.39.

US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.19 EPS 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 business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of research analyst reports. Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Piper Sandler increased their price target on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted 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. Wells Fargo & Company reissued an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Finally, Guggenheim upped their target price on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Two 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's stock. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus 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.