Park Avenue Securities LLC Sells 1,135 Shares of US Foods Holding Corp. $USFD

Park Avenue Securities LLC cut its position in US Foods Holding Corp. (NYSE:USFD) by 15.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,030 shares of the company’s stock after selling 1,135 shares during the quarter. Park Avenue Securities LLC’s holdings in US Foods were worth $464,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. OMNI 360 Wealth Inc. bought a new stake in shares of US Foods during the 2nd quarter valued at $276,000. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of US Foods by 14.5% during the 1st 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 raised its stake in shares of US Foods by 152.6% during the 1st 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. bought a new stake in shares of US Foods during the 1st quarter valued at $91,087,000. Finally, GAMMA Investing LLC raised its stake in shares of US Foods by 16.0% during the 1st 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. 98.76% of the stock is currently owned by institutional investors.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of the company’s stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

US Foods Price Performance

US Foods stock opened at $76.79 on Tuesday. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11. The business has a 50-day simple moving average of $79.22 and a 200 day simple moving average of $74.44. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The stock has a market cap of $17.29 billion, a price-to-earnings ratio of 32.82, a PEG ratio of 1.07 and a beta of 1.39.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $10.17 billion. During the same period in the previous year, the business earned $0.93 earnings per share. The firm’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. On average, research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Guggenheim boosted 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 reiterated an “overweight” rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research note on Monday, July 28th. Finally, Barclays boosted their target price on US Foods from $85.00 to $95.00 and gave the stock 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 assigned a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, US Foods presently has an average 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.