US Foods Holding Corp. $USFD Shares Purchased by Wealth Enhancement Advisory Services LLC

Key Points

• Wealth Enhancement Advisory Services LLC increased its holdings in US Foods Holding Corp. by 18.1% during the second quarter, now owning 49,255 shares valued at approximately $3.86 million.
• US Foods received positive analyst ratings, with price targets raised by multiple brokerages, including a boost from $80.00 to $88.00 from Guggenheim, and an average target price of $81.27.
• The company's recent earnings report showed $1.19 EPS, exceeding estimates and representing a 3.8% year-over-year revenue growth of $10.08 billion.

Wealth Enhancement Advisory Services LLC raised its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 18.1% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 49,255 shares of the company's stock after purchasing an additional 7,540 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in US Foods were worth $3,863,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new position in US Foods in the first quarter valued at about $31,000. Blue Trust Inc. raised its stake in shares of US Foods by 487.2% in the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after acquiring an additional 726 shares during the period. Signaturefd LLC lifted its holdings in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after acquiring an additional 214 shares during the last quarter. Harvest Fund Management Co. Ltd acquired a new position in shares of US Foods in the 1st quarter worth approximately $96,000. Finally, Banque Transatlantique SA purchased a new position in shares of US Foods during the 1st quarter worth approximately $91,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USFD. Guggenheim lifted their price objective on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Morgan Stanley restated an "overweight" rating and set a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. UBS Group boosted their price target on shares of US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Finally, Piper Sandler lifted their price objective on shares of US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus target price of $81.27.

US Foods Stock Performance

Shares of US Foods stock opened at $76.51 on Friday. 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 Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11. The firm's 50 day moving average is $79.48 and its two-hundred day moving average is $74.14. The firm has a market capitalization of $17.23 billion, a P/E ratio of 32.69, a P/E/G ratio of 1.08 and a beta of 1.39.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (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 business had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter in the prior year, the business posted $0.93 EPS. The company'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. Research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the sale, the executive vice president owned 115,077 shares in the company, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company's stock.

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.

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