HB Wealth Management LLC Reduces Stake in US Foods Holding Corp. $USFD

HB Wealth Management LLC reduced its position in US Foods Holding Corp. (NYSE:USFD) by 19.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,234 shares of the company’s stock after selling 1,945 shares during the period. HB Wealth Management LLC’s holdings in US Foods were worth $634,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. OMNI 360 Wealth Inc. purchased a new position in shares of US Foods in the 2nd quarter worth $276,000. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of US Foods by 14.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company’s stock worth $622,000 after buying an additional 1,200 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of US Foods by 152.6% in the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company’s stock worth $6,858,000 after buying an additional 63,288 shares during the last quarter. Jupiter Asset Management Ltd. purchased a new position in shares of US Foods in the 1st quarter worth $91,087,000. Finally, GAMMA Investing LLC boosted its stake in shares of US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company’s stock worth $226,000 after buying an additional 478 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of US Foods 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 sale, the executive vice president directly owned 115,077 shares of the company’s stock, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company’s stock.

US Foods Price Performance

NYSE:USFD opened at $76.14 on Friday. 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 business’s 50-day simple moving average is $78.65 and its two-hundred day simple moving average is $74.67. The stock has a market cap of $17.14 billion, a PE ratio of 32.54, a P/E/G ratio of 1.07 and a beta of 1.36. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11.

US Foods (NYSE:USFD) last posted its quarterly earnings results 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 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 analysts’ expectations of $10.17 billion. During the same period last year, the firm earned $0.93 earnings per share. The business’s quarterly 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. As a group, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on USFD shares. Guggenheim raised their price target 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 raised their target price on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Piper Sandler raised their target price on US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Finally, Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $81.27.

US Foods Company 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.