Jag Capital Management LLC Sells 5,965 Shares of US Foods Holding Corp. $USFD

Key Points

• Jag Capital Management LLC reduced its holdings in US Foods Holding Corp. by 3.2%, selling 5,965 shares, resulting in ownership of 180,342 shares, which constitutes 1.6% of their investment portfolio.
• Analysts are optimistic about US Foods, with multiple firms raising their price targets recently, with UBS Group setting a target price of $96.00 and suggesting the stock is a "buy."
• US Foods reported earnings of $1.19 per share in its recent quarter, exceeding expectations, but its revenue fell short of analyst targets with $10.08 billion generated.

Jag Capital Management LLC reduced its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.2% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 180,342 shares of the company's stock after selling 5,965 shares during the period. US Foods makes up approximately 1.6% of Jag Capital Management LLC's investment portfolio, making the stock its 23rd biggest position. Jag Capital Management LLC owned 0.08% of US Foods worth $13,888,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of USFD. Farther Finance Advisors LLC raised its holdings in shares of US Foods by 27.2% during the 1st 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 grew its position in 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 acquiring an additional 478 shares during the last quarter. Fifth Third Bancorp raised its stake in US Foods by 15.4% during the first quarter. Fifth Third Bancorp now owns 3,043 shares of the company's stock worth $199,000 after acquiring an additional 407 shares in the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after acquiring an additional 13,821 shares in the last quarter. Finally, Ritholtz Wealth Management bought a new position in shares of US Foods in the first quarter worth about $236,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analysts Set New Price Targets

USFD has been the topic of a number of research analyst reports. Morgan Stanley restated an "overweight" rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. Wells Fargo & Company reissued an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Piper Sandler upped their target price on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Finally, Guggenheim lifted their price target 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 research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus target price of $81.27.

US Foods Stock Up 0.3%

Shares of USFD opened at $75.37 on Tuesday. The stock's 50-day moving average price is $77.71 and its two-hundred day moving average price is $75.19. 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 $16.97 billion, a PE ratio of 32.21, a PEG ratio of 1.05 and a beta of 1.36. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The company had revenue of $10.08 billion during 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% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

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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