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

A number of other hedge funds have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake 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 worth $622,000 after purchasing an additional 1,200 shares during the period. Allianz Asset Management GmbH grew its holdings in US Foods by 152.6% during the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after buying an additional 63,288 shares in the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of US Foods in the first quarter valued at $91,087,000. GAMMA Investing LLC grew its holdings in shares of US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in US Foods by 49.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after buying an additional 13,821 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Stock Down 0.3%

Shares of USFD opened at $79.63 on Monday. 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 one year low of $57.36 and a one year high of $85.11. The stock has a market capitalization of $17.93 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 1.11 and a beta of 1.39. The stock has a 50 day moving average price of $80.01 and a 200 day moving average price of $73.60.

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 the consensus estimate of $1.14 by $0.05. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The firm had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. During the same period in the previous year, the business earned $0.93 earnings per share. 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. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

USFD has been the subject of a number of analyst reports. Guggenheim raised their price target on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Barclays lifted their target price on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Citigroup began coverage on US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Finally, JPMorgan Chase & Co. lifted their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have given 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 a consensus price target of $81.27.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction on Thursday, July 10th. The stock was 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 $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp. (NYSE:USFD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.