Farther Finance Advisors LLC lowered its position in US Foods Holding Corp. (NYSE:USFD – Free Report) by 39.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,915 shares of the company’s stock after selling 2,601 shares during the quarter. Farther Finance Advisors LLC’s holdings in US Foods were worth $302,000 at the end of the most recent quarter.
Other large investors also recently made changes to their positions in the company. Caitong International Asset Management Co. Ltd bought a new stake in shares of US Foods during the 1st quarter worth about $31,000. Blue Trust Inc. boosted its stake in shares of US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company’s stock worth $57,000 after acquiring an additional 726 shares in the last quarter. Signaturefd LLC boosted its stake in shares of US Foods by 19.7% during the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock worth $85,000 after acquiring an additional 214 shares in the last quarter. Harvest Fund Management Co. Ltd bought a new stake in shares of US Foods during the 1st quarter worth about $96,000. Finally, Banque Transatlantique SA bought a new stake in shares of US Foods during the 1st quarter worth about $91,000. Institutional investors own 98.76% of the company’s stock.
Insider Activity
In other news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company’s stock.
US Foods Trading Up 0.3%
US Foods (NYSE:USFD – Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The company’s revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analyst Ratings Changes
Several research firms have recently issued reports on USFD. Wells Fargo & Company reiterated an “overweight” rating and set a $87.00 price target (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. UBS Group increased their target price on US Foods from $84.00 to $96.00 and gave the company 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 company an “overweight” rating in a research note on Tuesday, September 2nd. Finally, JPMorgan Chase & Co. increased their target price on US Foods from $82.00 to $85.00 and gave the company a “neutral” rating in a research note on Wednesday, June 25th. 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. Based on data from MarketBeat, the stock has an average rating of “Buy” and a consensus target price of $81.27.
Check Out Our Latest Analysis on US Foods
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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