Oppenheimer Asset Management Inc. Lowers Stake in US Foods Holding Corp. $USFD

Oppenheimer Asset Management Inc. reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 21.4% during the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 31,104 shares of the company’s stock after selling 8,489 shares during the period. Oppenheimer Asset Management Inc.’s holdings in US Foods were worth $2,395,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Boston Partners lifted its stake in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after acquiring an additional 3,713,345 shares during the period. Wellington Management Group LLP lifted its stake in shares of US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after acquiring an additional 426,288 shares during the period. Invesco Ltd. lifted its stake in shares of US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after acquiring an additional 1,350,034 shares during the period. AQR Capital Management LLC lifted its stake in shares of US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after acquiring an additional 1,385,521 shares during the period. Finally, Primecap Management Co. CA lifted its stake in shares of US Foods by 194.6% in the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company’s stock worth $127,084,000 after acquiring an additional 1,282,379 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Performance

Shares of USFD opened at $72.96 on Thursday. The company has a 50-day simple moving average of $76.83 and a 200-day simple moving average of $76.19. 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 company has a market capitalization of $16.43 billion, a PE ratio of 31.18, a P/E/G ratio of 1.04 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 announced its quarterly earnings results 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. The business had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business’s revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

USFD has been the subject of several recent analyst reports. 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. 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. UBS Group raised their target price 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. Guggenheim raised their target price on shares of US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Finally, Weiss Ratings restated a “buy (b+)” rating on shares of US Foods in a research note on Tuesday, October 14th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Buy” and an average target price 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.