Nissay Asset Management Corp Japan ADV Invests $4.06 Million in US Foods Holding Corp. $USFD

Key Points

• Nissay Asset Management Corp Japan ADV invested approximately $4.06 million in US Foods Holding Corp by acquiring 62,067 shares in the first quarter.
• Institutional investors collectively own 98.76% of US Foods' stock, indicating strong institutional interest in the company.
• Analysts have raised price targets for US Foods, with recommendations varying from "neutral" to "buy," reflecting positive market sentiment towards the company's growth prospects.

Nissay Asset Management Corp Japan ADV bought a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor bought 62,067 shares of the company's stock, valued at approximately $4,063,000.

Several other institutional investors have also recently made changes to their positions in USFD. Sumitomo Mitsui Trust Group Inc. grew 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 buying an additional 1,200 shares during the last quarter. Allianz Asset Management GmbH grew its stake in shares of US Foods by 152.6% in the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after buying an additional 63,288 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new stake in shares of US Foods in the 1st quarter worth approximately $91,087,000. GAMMA Investing LLC grew its stake in shares of US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after buying an additional 478 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its stake in shares of US Foods by 49.5% in the 1st 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. Institutional investors own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on USFD. JPMorgan Chase & Co. upped their price target on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. UBS Group upped their price target on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Wells Fargo & Company restated an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Piper Sandler upped their price target on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday, September 2nd. Finally, Citigroup started coverage on US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $81.27.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of the firm'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 transaction, the executive vice president directly owned 115,077 shares in the company, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

US Foods Stock Performance

Shares of USFD opened at $77.88 on Monday. The business's fifty day simple moving average is $79.92 and its two-hundred day simple moving average is $73.31. 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 Holding Corp. has a 12 month low of $56.47 and a 12 month high of $85.11. The company has a market cap of $17.54 billion, a price-to-earnings ratio of 33.28, a P/E/G ratio of 1.09 and a beta of 1.39.

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

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