Parallel Advisors LLC Buys 227 Shares of US Foods Holding Corp. $USFD

Parallel Advisors LLC raised its holdings in US Foods Holding Corp. (NYSE:USFD) by 13.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,945 shares of the company’s stock after purchasing an additional 227 shares during the quarter. Parallel Advisors LLC’s holdings in US Foods were worth $150,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Boston Partners increased its holdings in US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $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 shares of US Foods during the first quarter worth about $110,245,000. Jupiter Asset Management Ltd. acquired a new position in shares of US Foods during the first quarter worth about $91,087,000. AQR Capital Management LLC boosted its position in shares of 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 buying an additional 1,385,521 shares during the period. Finally, Invesco Ltd. boosted its position in shares of 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 buying an additional 1,350,034 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 0.7%

Shares of USFD stock opened at $77.63 on Wednesday. The business’s fifty day moving average is $79.74 and its 200 day moving average is $74.03. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11. 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 company has a market capitalization of $17.48 billion, a PE ratio of 33.17, a price-to-earnings-growth ratio of 1.08 and a beta of 1.39.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating 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 the consensus estimate of $10.17 billion. During the same quarter last year, the business posted $0.93 earnings per share. 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. On average, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently commented on USFD shares. Barclays increased their price target on US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. Guggenheim increased their target price on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. 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 note on Monday, July 28th. 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 note on Tuesday, September 2nd. Finally, Morgan Stanley reiterated an “overweight” rating and set a $89.00 target price (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and an average target price of $81.27.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the firm’s 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 $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

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.