United Asset Strategies Inc. Has $1.80 Million Holdings in US Foods Holding Corp. $USFD

Key Points

• United Asset Strategies Inc. reduced its holdings in US Foods by 12.7% to $1.80 million, owning 27,550 shares following the sale of 3,991 shares in the first quarter.
• Major investors, including Boston Partners and Wellington Management Group LLP, have increased their stakes in US Foods, contributing to a significant institutional ownership of 98.76%.
• US Foods reported a Q2 EPS of $1.19, surpassing expectations, with revenue of $10.08 billion, though slightly below analyst projections.

United Asset Strategies Inc. lessened its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 12.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 27,550 shares of the company's stock after selling 3,991 shares during the period. United Asset Strategies Inc.'s holdings in US Foods were worth $1,803,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in USFD. Boston Partners boosted its stake in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP lifted its stake in US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock valued at $774,806,000 after purchasing an additional 426,288 shares during the last quarter. Invesco Ltd. lifted its stake in US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after purchasing an additional 1,350,034 shares during the last quarter. Ameriprise Financial Inc. boosted its position in US Foods by 1.7% in the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after buying an additional 36,307 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of US Foods by 25.0% during the fourth quarter. Northern Trust Corp now owns 2,029,419 shares of the company's stock worth $136,905,000 after buying an additional 405,871 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Trading Up 2.3%

Shares of USFD stock opened at $78.7530 on Thursday. US Foods Holding Corp. has a 1-year low of $56.47 and a 1-year high of $85.11. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The stock has a market cap of $17.73 billion, a price-to-earnings ratio of 33.66, a PEG ratio of 1.08 and a beta of 1.44. The stock has a 50-day moving average of $79.59 and a 200-day moving average of $72.73.

US Foods (NYSE:USFD - Get Free Report) last announced 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 analysts' expectations of $10.17 billion. During the same period in the prior year, the business posted $0.93 earnings per share. The firm'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. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on USFD. Wells Fargo & Company restated an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Barclays lifted their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Guggenheim raised 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, UBS Group lifted their target price 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $80.55.

Insider Buying and Selling 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 completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by company insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.