Tema Etfs LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 11,917 shares of the company's stock, valued at approximately $780,000.
A number of other large investors have also bought and sold shares of the business. Sumitomo Mitsui Trust Group Inc. raised 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 valued at $622,000 after purchasing an additional 1,200 shares during the period. Allianz Asset Management GmbH boosted its position in US Foods by 152.6% during the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after acquiring an additional 63,288 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in US Foods during the 1st quarter worth approximately $91,087,000. GAMMA Investing LLC boosted its position in US Foods by 16.0% during the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after acquiring an additional 478 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its position in US Foods by 49.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after acquiring an additional 13,821 shares during the last quarter. 98.76% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have weighed in on USFD shares. 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 report on Wednesday, June 25th. Wall Street Zen downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. 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 report on Monday, July 28th. Morgan Stanley reissued an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, Guggenheim increased their price objective on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Two investment 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 company's stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of "Buy" and an average price target of $80.55.
View Our Latest Analysis on US Foods
Insider Transactions at US Foods
In related news, EVP Dirk J. Locascio sold 7,500 shares of the business'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 completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at $9,206,160. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by company insiders.
US Foods Stock Performance
USFD traded up $0.17 during trading hours on Friday, reaching $77.51. The company's stock had a trading volume of 1,403,605 shares, compared to its average volume of 2,428,505. US Foods Holding Corp. has a 52 week low of $56.47 and a 52 week high of $85.11. The company's 50-day moving average is $79.83 and its 200-day moving average is $73.08. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. The firm has a market cap of $17.45 billion, a PE ratio of 33.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates 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 analysts' expectations of $10.17 billion. During the same quarter in the prior year, the business earned $0.93 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
US Foods Company Profile
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Free Report)
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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