Park Place Capital Corp Has $65,000 Stock Holdings in US Foods Holding Corp. $USFD

Park Place Capital Corp decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 25.4% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 835 shares of the company’s stock after selling 285 shares during the quarter. Park Place Capital Corp’s holdings in US Foods were worth $65,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in the business. V Square Quantitative Management LLC lifted its holdings 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 purchasing an additional 200 shares during the last quarter. First American Bank lifted its holdings in US Foods by 3.1% during the 2nd quarter. First American Bank now owns 39,705 shares of the company’s stock valued at $3,058,000 after purchasing an additional 1,206 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in US Foods by 94.3% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 140,649 shares of the company’s stock valued at $10,831,000 after purchasing an additional 68,272 shares during the last quarter. Ballentine Partners LLC acquired a new stake in US Foods during the 2nd quarter valued at $368,000. Finally, Revisor Wealth Management LLC acquired a new stake in US Foods during the 2nd quarter valued at $208,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm’s stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

US Foods Stock Down 0.2%

Shares of NYSE USFD opened at $76.62 on Wednesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11. The stock has a market capitalization of $17.25 billion, a P/E ratio of 32.74, a PEG ratio of 1.08 and a beta of 1.39. The stock’s fifty day moving average is $79.07 and its 200 day moving average is $74.45.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping 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 company had revenue of $10.08 billion for the quarter, compared to analysts’ expectations of $10.17 billion. During the same quarter last year, the business earned $0.93 earnings per share. US Foods’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. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analysts Set New Price Targets

USFD has been the subject of several research reports. Piper Sandler raised their price target on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Morgan Stanley reissued an “overweight” rating and set a $89.00 target price (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Guggenheim lifted their target price on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, August 11th. JPMorgan Chase & Co. lifted their target price on US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a report on Wednesday, June 25th. Finally, Wells Fargo & Company reissued an “overweight” rating and set a $87.00 target price (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. 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. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus target price of $81.27.

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.