First Citizens Bank & Trust Co. Sells 389 Shares of US Foods Holding Corp. $USFD

First Citizens Bank & Trust Co. lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 9.0% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 3,927 shares of the company’s stock after selling 389 shares during the period. First Citizens Bank & Trust Co.’s holdings in US Foods were worth $302,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of USFD. Caitong International Asset Management Co. Ltd bought a new position in US Foods during the 1st quarter valued at about $31,000. V Square Quantitative Management LLC lifted its stake in US Foods by 58.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after acquiring an additional 200 shares during the period. Signaturefd LLC lifted its stake in shares of US Foods by 19.7% in 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 period. Rosenberg Matthew Hamilton lifted its stake in shares of US Foods by 1,474.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock worth $88,000 after purchasing an additional 1,076 shares during the period. Finally, Banque Transatlantique SA bought a new position in shares of US Foods in the 1st quarter worth approximately $91,000. Institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 2.0%

Shares of USFD opened at $74.32 on Monday. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The company has a 50 day simple moving average of $77.05 and a two-hundred day simple moving average of $75.97. The firm has a market cap of $16.73 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. During the same period last year, the firm posted $0.93 EPS. The company’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, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on USFD. Wells Fargo & Company reiterated an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Morgan Stanley reiterated an “overweight” rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. UBS Group increased their price objective on shares of 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 raised their target price on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Finally, Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Buy” and an average price target of $82.42.

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.