US Foods Holding Corp. $USFD Shares Acquired by Verdence Capital Advisors LLC

Key Points

• Verdence Capital Advisors LLC increased its stake in US Foods Holding Corp. by 7.3%, owning a total of 64,255 shares valued at approximately $4.95 million.
• US Foods recently reported earnings per share (EPS) of $1.19, beating analyst expectations, while its revenue was $10.08 billion, just shy of the $10.17 billion forecast.
• Equity research analysts have shown strong support for US Foods, with target price increases from firms like Piper Sandler and UBS Group, reflecting a generally optimistic outlook on the stock.

Verdence Capital Advisors LLC lifted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 7.3% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 64,255 shares of the company's stock after acquiring an additional 4,374 shares during the period. Verdence Capital Advisors LLC's holdings in US Foods were worth $4,948,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. OMNI 360 Wealth Inc. acquired a new stake in US Foods in the second quarter worth $276,000. Sumitomo Mitsui Trust Group Inc. increased its position in US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock worth $622,000 after buying an additional 1,200 shares during the period. Allianz Asset Management GmbH increased its position in US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after buying an additional 63,288 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in US Foods in the first quarter worth $91,087,000. Finally, GAMMA Investing LLC increased its position in US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after buying an additional 478 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on USFD shares. Piper Sandler increased their target price on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. JPMorgan Chase & Co. increased their target price 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 raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Weiss Ratings reaffirmed a "buy (b)" rating on shares of US Foods in a research report on Saturday, September 27th. Finally, UBS Group increased their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $81.27.

US Foods Trading Down 0.2%

Shares of USFD stock opened at $75.09 on Monday. The stock has a 50-day simple moving average of $77.87 and a 200 day simple moving average of $75.11. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. The stock has a market capitalization of $16.91 billion, a P/E ratio of 32.09, a P/E/G ratio of 1.05 and a beta of 1.36. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share 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 during the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter last year, the business posted $0.93 earnings per share. The company'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. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.

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