Public Employees Retirement System of Ohio Acquires 68,272 Shares of US Foods Holding Corp. $USFD

Key Points

• The Public Employees Retirement System of Ohio increased its stake in US Foods Holding Corp. by 94.3% in the second quarter, owning a total of 140,649 shares valued at approximately $10.83 million.
• US Foods reported earnings of $1.19 per share for the last quarter, exceeding analyst expectations, with a year-over-year revenue increase of 3.8% and net margins of 1.43%.
• Recent analyst upgrades have set a price target for US Foods, with Morgan Stanley and UBS Group suggesting significant upside, and a consensus rating of "Buy" among sell-side analysts.

Public Employees Retirement System of Ohio lifted its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 94.3% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 140,649 shares of the company's stock after buying an additional 68,272 shares during the quarter. Public Employees Retirement System of Ohio owned about 0.06% of US Foods worth $10,831,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd acquired a new stake in US Foods in the 1st quarter valued at about $31,000. Blue Trust Inc. increased its holdings in shares of US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after purchasing an additional 726 shares in the last quarter. Signaturefd LLC raised its position in 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 purchasing an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in US Foods during the 1st quarter worth $96,000. Finally, Banque Transatlantique SA bought a new position in US Foods in the 1st quarter valued at $91,000. Institutional investors own 98.76% of the company's stock.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction on Thursday, July 10th. The shares were 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 owned 115,077 shares in the company, valued at $9,206,160. This represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

US Foods Stock Performance

Shares of USFD stock opened at $76.57 on Friday. The stock has a market cap of $17.24 billion, a PE ratio of 32.72, a price-to-earnings-growth ratio of 1.07 and a beta of 1.39. The stock has a 50-day moving average of $79.35 and a 200-day moving average of $74.22. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on USFD. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price objective (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. UBS Group lifted their price target 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. JPMorgan Chase & Co. boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Guggenheim increased their price objective 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. Finally, Wells Fargo & Company reaffirmed 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, US Foods has a consensus 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.

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