Panagora Asset Management Inc. Has $45.54 Million Stock Position in US Foods Holding Corp. $USFD

Key Points

• Panagora Asset Management Inc. increased its stake in US Foods Holding Corp. by 13,739.2%, owning approximately 0.30% of the company valued at $45.5 million.
• Other hedge funds, including Sumitomo Mitsui Trust Group and Allianz Asset Management, also boosted their stakes, indicating strong institutional interest in the company.
• US Foods reported earnings of $1.19 per share, surpassing analyst expectations, though its revenue of $10.08 billion fell slightly short of estimates.

Panagora Asset Management Inc. grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 13,739.2% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 695,698 shares of the company's stock after buying an additional 690,671 shares during the period. Panagora Asset Management Inc. owned 0.30% of US Foods worth $45,540,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in USFD. Colonial Trust Co SC bought a new position in shares of US Foods in the fourth quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in US Foods in the 1st quarter valued at about $31,000. True Wealth Design LLC increased its stake in US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares during the period. Blue Trust Inc. raised its position in shares of US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after buying an additional 726 shares in the last quarter. Finally, Signaturefd LLC lifted its stake in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after acquiring an additional 214 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president 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 document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the company. Wells Fargo & Company reissued an "overweight" rating and set a $87.00 target price (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 note on Monday, July 28th. Piper Sandler upped their price objective on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday. Wall Street Zen lowered US Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. Finally, Guggenheim upped their price target on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus price target of $81.27.

US Foods Trading Down 0.3%

US Foods stock traded down $0.20 during midday trading on Tuesday, reaching $77.40. The stock had a trading volume of 1,921,011 shares, compared to its average volume of 2,234,553. US Foods Holding Corp. has a twelve month low of $56.47 and a twelve month high of $85.11. 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 firm has a market cap of $17.43 billion, a price-to-earnings ratio of 33.08, a PEG ratio of 1.09 and a beta of 1.39. The firm's fifty day simple moving average is $79.85 and its two-hundred day simple moving average is $73.13.

US Foods (NYSE:USFD - Get Free Report) last posted 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 net margin of 1.43% and a return on equity of 16.86%. The business had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. During the same period last year, the company posted $0.93 earnings per share. The firm's quarterly 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. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS 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.