US Foods Holding Corp. $USFD Shares Sold by Hsbc Holdings PLC

Key Points

• Hsbc Holdings PLC significantly reduced its stake in US Foods Holding Corp. by 95.7%, selling 356,343 shares and now owns only 15,868 shares valued at approximately $1,033,000.
• US Foods reported earnings of $1.19 EPS for the previous quarter, exceeding expectations, though total revenue of $10.08 billion fell short of analyst predictions.
• Several analysts have updated their price targets for US Foods, with Barclays raising it to $95.00 and Morgan Stanley to $89.00, maintaining an "overweight" rating on the stock.

Hsbc Holdings PLC lowered its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 95.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 15,868 shares of the company's stock after selling 356,343 shares during the quarter. Hsbc Holdings PLC's holdings in US Foods were worth $1,033,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after purchasing an additional 1,200 shares during the period. Allianz Asset Management GmbH grew its holdings in shares of US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after purchasing an additional 63,288 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of US Foods in the first quarter valued at about $91,087,000. GAMMA Investing LLC grew its holdings in shares of US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the period. Finally, Wealth Enhancement Advisory Services LLC grew its holdings in shares of US Foods by 49.5% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after purchasing an additional 13,821 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction 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 sale, the executive vice president owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

US Foods Stock Down 0.9%

Shares of US Foods stock traded down $0.69 during trading hours on Wednesday, reaching $76.73. 870,466 shares of the company were exchanged, compared to its average volume of 2,226,196. US Foods Holding Corp. has a 1 year low of $56.47 and a 1 year high of $85.11. The stock's fifty day moving average is $79.86 and its 200 day moving average is $73.16. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. The firm has a market cap of $17.28 billion, a PE ratio of 32.78, a PEG ratio of 1.09 and a beta of 1.39.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, topping 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 business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same quarter in the prior year, the company earned $0.93 earnings per share. The company'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. As a group, equities research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. JPMorgan Chase & Co. upped their target price on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Citigroup assumed coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Wall Street Zen cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. Wells Fargo & Company reaffirmed an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Finally, Barclays upped their target price on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price 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.