Kaufman Rossin Wealth LLC Takes Position in US Foods Holding Corp. $USFD

Key Points

• Kaufman Rossin Wealth LLC has acquired a new position in US Foods Holding Corp, purchasing 4,329 shares valued at approximately $283,000 in the 1st quarter of 2023.
• US Foods reported $1.19 EPS for the last quarter, exceeding expectations, and achieved a revenue of $10.08 billion, reflecting a year-over-year growth of 3.8%.
• Several analysts have set high price targets for US Foods stock, with Morgan Stanley targeting $89.00 and UBS Group raising their target to $96.00, indicating positive market sentiment.

Kaufman Rossin Wealth LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,329 shares of the company's stock, valued at approximately $283,000.

A number of other large investors have also recently bought and sold shares of the business. Colonial Trust Co SC acquired a new stake in shares of US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC boosted its position in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the period. Caitong International Asset Management Co. Ltd bought a new position in US Foods during the 1st quarter worth $31,000. True Wealth Design LLC increased its position in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after buying an additional 298 shares during the period. Finally, Blue Trust Inc. increased its position in US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after buying an additional 726 shares during the period. Institutional investors own 98.76% of the company's stock.

US Foods Stock Performance

USFD stock opened at $78.7530 on Thursday. The company has a 50-day simple moving average of $79.59 and a 200 day simple moving average of $72.73. The company has a market capitalization of $17.73 billion, a P/E ratio of 33.66, a PEG ratio of 1.08 and a beta of 1.44. 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 Holding Corp. has a fifty-two week low of $56.47 and a fifty-two week high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last released 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. The company had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. US Foods's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

USFD has been the subject of several analyst reports. Morgan Stanley reissued an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Wells Fargo & Company reissued an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. UBS Group upped their target price on shares of US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Barclays raised their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Finally, Guggenheim lifted their price target on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat.com, US Foods presently has an average rating of "Buy" and a consensus price target of $80.55.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction that occurred 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company 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.

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