US Foods Holding Corp. $USFD Stock Holdings Increased by Provenance Wealth Advisors LLC

Key Points

• Provenance Wealth Advisors increased its US Foods stake by 36,095.7% in the third quarter, ending the period with 17,012 shares valued at about $1.57 million. Institutional investors collectively own 98.76% of the company.
• Analysts give US Foods a “Moderate Buy” consensus, with an average price target of $114.85; recent target increases included TD Cowen’s move to $119.
• US Foods beat quarterly earnings and revenue expectations, reporting $1.44 EPS and $10.53 billion in revenue, up 4.5% year over year. Two company insiders also reported selling shares.

Provenance Wealth Advisors LLC grew its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 36,095.7% in the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 17,012 shares of the company's stock after acquiring an additional 16,965 shares during the period. Provenance Wealth Advisors LLC's holdings in US Foods were worth $1,569,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of the business. Wellington Management Group LLP raised its holdings in shares of US Foods by 46.1% during the 2nd quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company's stock valued at $2,352,760,000 after purchasing an additional 7,259,357 shares in the last quarter. BlackRock Inc. acquired a new position in US Foods during the second quarter worth $2,131,439,000. Primecap Management Co. CA bought a new position in US Foods during the second quarter valued at about $406,997,000. Bessemer Group Inc. raised its holdings in US Foods by 1.8% during the first quarter. Bessemer Group Inc. now owns 2,926,696 shares of the company's stock valued at $269,872,000 after buying an additional 51,519 shares in the last quarter. Finally, Deutsche Bank AG acquired a new stake in shares of US Foods in the second quarter worth about $141,394,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Transactions at US Foods

In related news, insider William Spencer Hancock sold 21,754 shares of the business's stock in a transaction dated Friday, August 7th. The stock was sold at an average price of $108.29, for a total transaction of $2,355,740.66. Following the completion of the transaction, the insider owned 101,144 shares of the company's stock, valued at approximately $10,952,883.76. The trade was a 17.70% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Randy J. Taylor sold 11,630 shares of the stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $110.37, for a total value of $1,283,603.10. Following the sale, the insider owned 73,618 shares of the company's stock, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their position. The SEC filing for this sale provides additional information. Insiders own 0.74% of the company's stock.

Analyst Ratings Changes

USFD has been the subject of several recent analyst reports. TD Cowen upped their price target on US Foods from $116.00 to $119.00 and gave the stock a "buy" rating in a research note on Thursday, August 6th. Zacks Research raised US Foods from a "strong sell" rating to a "hold" rating in a research note on Tuesday, July 28th. Wall Street Zen raised US Foods from a "hold" rating to a "buy" rating in a research note on Saturday, August 15th. Weiss Ratings upgraded US Foods from a "buy (b)" rating to a "buy (a-)" rating in a report on Friday, October 23rd. Finally, Morgan Stanley boosted their target price on US Foods from $107.00 to $111.00 and gave the stock an "equal weight" rating in a report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $114.85.

US Foods Stock Performance

NYSE:USFD opened at $101.36 on Wednesday. The firm has a market capitalization of $21.93 billion, a PE ratio of 31.19, a PEG ratio of 1.34 and a beta of 0.87. US Foods Holding Corp. has a 1 year low of $69.88 and a 1 year high of $111.42. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.19. The firm's fifty day simple moving average is $99.27 and its 200 day simple moving average is $94.64.

US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, August 6th. The company reported $1.44 earnings per share for the quarter, topping analysts' consensus estimates of $1.36 by $0.08. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The firm had revenue of $10.53 billion during the quarter, compared to analyst estimates of $10.46 billion. During the same quarter in the previous year, the business earned $1.19 EPS. The business's revenue was up 4.5% on a year-over-year basis. US Foods has set its FY 2026 guidance at 4.696-4.935 EPS. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 4.45 EPS for the current year.

About US Foods

US Foods Holding Corp. is a leading foodservice distributor serving restaurants, health care and hospitality organizations, educational institutions, government facilities and other commercial customers across the United States. Through its distribution network, the company delivers food, beverages, equipment and related supplies to professional foodservice operators.

The company offers a broad selection of fresh and frozen foods, dry groceries, beverages, meat, seafood, produce, dairy products and disposable supplies.

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