Advisors Asset Management Inc. boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 20.2% in the first quarter, according to its most recent filing with the SEC. The firm owned 21,514 shares of the company's stock after acquiring an additional 3,618 shares during the period. Advisors Asset Management Inc.'s holdings in US Foods were worth $1,408,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently bought and sold shares of USFD. Boston Partners grew its holdings in US Foods by 29.1% during the first 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 during the period. Burgundy Asset Management Ltd. acquired a new position in US Foods during the first quarter valued at approximately $110,245,000. Jupiter Asset Management Ltd. acquired a new position in US Foods during the first quarter valued at approximately $91,087,000. Invesco Ltd. grew its holdings in US Foods by 21.8% during the first 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 period. Finally, Primecap Management Co. CA grew its holdings in US Foods by 194.6% during the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after purchasing an additional 1,282,379 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Price Performance
USFD stock traded down $0.34 during mid-day trading on Wednesday, hitting $77.72. The stock had a trading volume of 1,847,012 shares, compared to its average volume of 1,772,250. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 52 week low of $56.65 and a 52 week high of $85.11. The firm has a market capitalization of $17.50 billion, a P/E ratio of 33.22, a P/E/G ratio of 1.09 and a beta of 1.39. The firm has a fifty day simple moving average of $79.96 and a 200 day simple moving average of $73.43.
US Foods (NYSE:USFD - Get Free Report) last released 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 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 analyst estimates of $10.17 billion. During the same period last year, the firm earned $0.93 EPS. The business'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. As a group, research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insider Buying and Selling
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 directly owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is currently owned by corporate insiders.
Wall Street Analysts Forecast Growth
A number of research analysts recently issued reports on the stock. 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 report on Friday, August 8th. Barclays increased their target price on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group increased their price target on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Guggenheim upped their target price 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, Citigroup assumed coverage on shares of US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $81.27.
Get Our Latest Report on USFD
US Foods Profile
(
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.
Further Reading
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
