Focus Partners Wealth Increases Stock Position in US Foods Holding Corp. $USFD

Key Points

• Focus Partners Wealth increased its stake in US Foods Holding Corp. by 5.2%, owning a total of 79,217 shares valued at approximately $5.19 million after acquiring an additional 3,909 shares.
• US Foods recently reported earnings of $1.19 per share for the last quarter, exceeding analysts' expectations despite revenue falling short of estimates at $10.08 billion.
• Analysts have shown positive sentiment towards US Foods, with price targets being raised by firms like Guggenheim and Barclays, suggesting a "buy" or "overweight" rating on the stock.

Focus Partners Wealth grew its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 5.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 79,217 shares of the company's stock after buying an additional 3,909 shares during the quarter. Focus Partners Wealth's holdings in US Foods were worth $5,186,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. SageView Advisory Group LLC grew its stake in shares of US Foods by 3.9% in the first quarter. SageView Advisory Group LLC now owns 4,096 shares of the company's stock worth $268,000 after purchasing an additional 153 shares during the last quarter. Kesler Norman & Wride LLC grew its stake in shares of US Foods by 1.3% in the first quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock worth $822,000 after purchasing an additional 160 shares during the last quarter. Signaturefd LLC grew its stake in shares of US Foods by 19.7% in the first quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after purchasing an additional 214 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of US Foods by 7.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,373 shares of the company's stock worth $221,000 after purchasing an additional 226 shares during the last quarter. Finally, ProShare Advisors LLC grew its stake in shares of US Foods by 2.2% in the fourth quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock worth $735,000 after purchasing an additional 238 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Activity

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 transaction of $600,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. 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. Guggenheim raised their target price on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Morgan Stanley reissued an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Finally, Barclays lifted their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company's stock. According to MarketBeat, US Foods presently has an average rating of "Buy" and a consensus price target of $81.27.

US Foods Stock Down 0.0%

Shares of USFD stock traded down $0.03 during trading hours on Friday, hitting $78.34. 4,707,878 shares of the company's stock traded hands, compared to its average volume of 1,617,380. The stock's fifty day simple moving average is $79.91 and its two-hundred day simple moving average is $73.84. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11. The stock has a market cap of $17.64 billion, a price-to-earnings ratio of 33.48, a PEG ratio of 1.10 and a beta of 1.39. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.

US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. During the same period last year, the business earned $0.93 earnings per share. The business'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. On average, analysts expect that US Foods Holding Corp. will post 3.59 EPS 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.