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

Several other large investors have also recently added to or reduced their stakes in the stock. Captrust Financial Advisors grew its stake in shares of US Foods by 69.4% during the fourth quarter. Captrust Financial Advisors now owns 16,603 shares of the company's stock valued at $1,120,000 after acquiring an additional 6,804 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of US Foods by 84.6% during the fourth quarter. Cetera Investment Advisers now owns 24,062 shares of the company's stock valued at $1,623,000 after acquiring an additional 11,024 shares in the last quarter. Colonial Trust Co SC acquired a new stake in shares of US Foods during the fourth quarter valued at about $25,000. Deutsche Bank AG grew its stake in shares of US Foods by 79.6% during the fourth quarter. Deutsche Bank AG now owns 152,050 shares of the company's stock valued at $10,257,000 after acquiring an additional 67,399 shares in the last quarter. Finally, Ethic Inc. grew its stake in shares of US Foods by 49.5% during the fourth quarter. Ethic Inc. now owns 43,781 shares of the company's stock valued at $2,953,000 after acquiring an additional 14,489 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Down 0.3%

NYSE:USFD traded down $0.24 during mid-day trading on Friday, reaching $79.63. The stock had a trading volume of 1,810,960 shares, compared to its average volume of 1,698,386. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The stock's 50 day simple moving average is $80.01 and its two-hundred day simple moving average is $73.58. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The company has a market capitalization of $17.93 billion, a price-to-earnings ratio of 34.03, a price-to-earnings-growth ratio of 1.12 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 for the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter last year, the company posted $0.93 earnings per share. US Foods'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. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on the company. Barclays raised 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. Guggenheim raised their target price on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Wells Fargo & Company restated 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. Citigroup initiated coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target for the company. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price target (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. Two 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 MarketBeat, the company has an average rating of "Buy" and an average price target of $81.27.

About US Foods

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.