Sheets Smith Investment Management Boosts Stock Position in US Foods Holding Corp. $USFD

Sheets Smith Investment Management boosted its position in shares of US Foods Holding Corp. (NYSE:USFD) by 23.3% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 25,129 shares of the company’s stock after acquiring an additional 4,748 shares during the period. US Foods accounts for 1.6% of Sheets Smith Investment Management’s holdings, making the stock its 12th biggest position. Sheets Smith Investment Management’s holdings in US Foods were worth $1,645,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new stake in US Foods during the first quarter valued at approximately $31,000. True Wealth Design LLC grew its position in US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company’s stock worth $33,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. grew its position in 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 purchasing an additional 726 shares during the last quarter. Signaturefd LLC grew its position in 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 purchasing an additional 214 shares during the last quarter. Finally, Banque Transatlantique SA purchased a new stake in US Foods during the 1st quarter worth approximately $91,000. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the subject of a number of research reports. Piper Sandler lifted 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. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Barclays raised their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Citigroup began coverage on shares of US Foods in a research report on Thursday, May 22nd. They set a “buy” rating and a $95.00 price target for the company. Finally, UBS Group raised their price target on shares of US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a research report on Monday, July 28th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $81.27.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

US Foods Stock Performance

Shares of NYSE:USFD opened at $79.91 on Friday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The business’s 50 day moving average price is $79.99 and its 200-day moving average price is $73.49. The firm has a market capitalization of $17.99 billion, a PE ratio of 34.15, a P/E/G ratio of 1.09 and a beta of 1.39. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The company 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 firm’s quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.