US Foods Holding Corp. $USFD Stock Position Lifted by Advisors Asset Management Inc.

Key Points

• Advisors Asset Management Inc. increased its holdings in US Foods Holding Corp by 20.2% during the first quarter, bringing their total investment to $1.41 million.
• US Foods reported a quarterly earnings per share (EPS) of $1.19, exceeding analysts' expectations by $0.05, despite revenue falling short of forecasts.
• An executive at US Foods sold 7,500 shares for a total of $600,000, reducing their ownership interest in the company by 6.12%.

Advisors Asset Management Inc. grew its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 20.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 21,514 shares of the company's stock after acquiring an additional 3,618 shares during the quarter. Advisors Asset Management Inc.'s holdings in US Foods were worth $1,408,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in USFD. Boston Partners increased its stake in US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new stake in US Foods during the first quarter worth about $110,245,000. Jupiter Asset Management Ltd. acquired a new stake in US Foods during the first quarter worth about $91,087,000. Invesco Ltd. increased its stake in US Foods by 21.8% during the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after acquiring an additional 1,350,034 shares during the last quarter. Finally, Primecap Management Co. CA grew its stake in shares of US Foods by 194.6% in the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after buying an additional 1,282,379 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Down 0.3%

NYSE USFD traded down $0.24 during mid-day trading on Friday, reaching $79.63. 1,810,960 shares of the company's stock traded hands, compared to its average volume of 1,698,386. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The company has a fifty day simple moving average of $80.01 and a 200-day simple moving average of $73.58. 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 company has a market cap of $17.93 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 1.12 and a beta of 1.39.

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 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 firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. During the same quarter last year, the firm earned $0.93 EPS. US Foods's quarterly 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. As a group, equities research analysts expect 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 stock in a transaction that occurred on Thursday, July 10th. The stock was 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 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 SEC, which is available at the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on USFD shares. Guggenheim increased their target price on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. UBS Group increased their target price on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. Piper Sandler increased their target price on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research note on Tuesday, September 2nd. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Finally, Barclays increased their target price on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Two 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's stock. According to MarketBeat, US Foods presently has a consensus rating of "Buy" and a consensus price target of $81.27.

US Foods 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.