US Foods Holding Corp. $USFD Shares Sold by US Bancorp DE

Key Points

• US Bancorp DE reduced its stake in US Foods Holding Corp. by 22.5%, selling 5,533 shares in the second quarter, leaving it with 19,005 shares valued at approximately $1.46 million.
• The company's recent quarterly earnings report showed an EPS of $1.19, surpassing analysts' expectations and represented a 3.8% increase in revenue year-over-year.
• Wall Street analysts remain positive on US Foods, with a consensus rating of "Buy" and a price target of $81.27, as several firms upgraded their ratings recently.

US Bancorp DE decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 22.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 19,005 shares of the company's stock after selling 5,533 shares during the period. US Bancorp DE's holdings in US Foods were worth $1,464,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of USFD. Boston Partners increased its position 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 purchasing an additional 3,713,345 shares during the last quarter. Burgundy Asset Management Ltd. acquired a new position in US Foods during the first quarter worth approximately $110,245,000. Jupiter Asset Management Ltd. acquired a new position in US Foods during the first quarter worth approximately $91,087,000. AQR Capital Management LLC increased its position in US Foods by 120.3% during the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock worth $162,853,000 after purchasing an additional 1,385,521 shares during the last quarter. Finally, Invesco Ltd. increased its position 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 purchasing an additional 1,350,034 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Price Performance

Shares of USFD stock opened at $74.91 on Friday. The company has a market capitalization of $16.87 billion, a PE ratio of 32.01, a price-to-earnings-growth ratio of 1.08 and a beta of 1.36. The firm has a fifty day simple moving average of $77.35 and a 200-day simple moving average of $75.28. 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 twelve month low of $57.36 and a twelve month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $10.17 billion. During the same period in the prior year, the firm posted $0.93 EPS. The firm's 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. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on USFD. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Morgan Stanley reissued an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. Weiss Ratings reissued a "buy (b+)" rating on shares of US Foods in a research report on Tuesday. Guggenheim increased their price objective on shares of US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, US Foods currently 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.

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