Parallel Advisors LLC Acquires 227 Shares of US Foods Holding Corp. $USFD

Parallel Advisors LLC raised its position in shares of US Foods Holding Corp. (NYSE:USFD) by 13.2% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 1,945 shares of the company’s stock after acquiring an additional 227 shares during the period. Parallel Advisors LLC’s holdings in US Foods were worth $150,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of USFD. Two Sigma Advisers LP bought a new stake in US Foods during the 4th quarter valued at approximately $2,098,000. Brooklyn FI LLC purchased a new position in shares of US Foods during the fourth quarter valued at approximately $445,000. Wealth Enhancement Advisory Services LLC lifted its holdings in shares of US Foods by 183.6% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 27,894 shares of the company’s stock valued at $1,882,000 after purchasing an additional 18,057 shares during the last quarter. 111 Capital purchased a new position in shares of US Foods during the fourth quarter valued at approximately $628,000. Finally, California State Teachers Retirement System lifted its holdings in shares of US Foods by 0.5% during the fourth quarter. California State Teachers Retirement System now owns 224,339 shares of the company’s stock valued at $15,134,000 after purchasing an additional 1,171 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

USFD has been the subject of a number of recent analyst reports. Piper Sandler boosted their price objective on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Wells Fargo & Company restated an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of US Foods in a report on Friday, August 8th. UBS Group boosted their target price on shares of 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 shares of US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company’s stock. According to MarketBeat.com, US Foods presently has an average rating of “Buy” and a consensus target price of $81.27.

US Foods Trading Up 0.7%

Shares of USFD stock opened at $77.63 on Wednesday. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The firm has a fifty day moving average price of $79.74 and a 200-day moving average price of $74.03. 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 company has a market cap of $17.48 billion, a price-to-earnings ratio of 33.17, a PEG ratio of 1.08 and a beta of 1.39.

US Foods (NYSE:USFD) last issued 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 firm had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. During the same quarter in the previous year, the firm posted $0.93 EPS. The company’s revenue for the quarter was up 3.8% compared to the same quarter last year. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 7,500 shares of the company’s stock in a transaction 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 transaction, the executive vice president 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 this link. Corporate insiders own 0.60% of the company’s stock.

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.