Algert Global LLC Decreases Holdings in US Foods Holding Corp. $USFD

Key Points

• Algert Global LLC has reduced its stake in US Foods Holding Corp. by 33.9%, selling 110,976 shares and currently holding approximately 0.09% of the company valued at $14.2 million.
• In contrast, Barclays PLC increased its holdings in US Foods by 44.7%, and various other institutional investors have also modified their positions, indicating significant interest in the stock.
• US Foods reported earnings of $1.19 per share, exceeding analyst expectations, and received a consensus "Buy" rating from analysts, with a target price averaging $80.55.

Algert Global LLC reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 33.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 216,805 shares of the company's stock after selling 110,976 shares during the period. Algert Global LLC owned approximately 0.09% of US Foods worth $14,192,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also made changes to their positions in the company. Colonial Trust Co SC acquired a new stake in shares of US Foods during the fourth quarter worth about $25,000. GeoWealth Management LLC boosted its stake in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after buying an additional 189 shares during the period. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Foods during the first quarter worth about $31,000. True Wealth Design LLC grew its stake in shares of US Foods by 153.6% in the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after purchasing an additional 298 shares during the last quarter. Finally, Blue Trust Inc. grew its stake in shares of US Foods by 487.2% in the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after purchasing an additional 726 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. JPMorgan Chase & Co. lifted their target price on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Citigroup started coverage on shares of US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective on the stock. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Guggenheim boosted their price target 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, Wells Fargo & Company reissued an "overweight" rating and set a $87.00 price target (up 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 assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to MarketBeat.com, US Foods currently has an average rating of "Buy" and an average target price of $80.55.

US Foods Price Performance

US Foods stock traded up $1.7530 during mid-day trading on Wednesday, hitting $78.7530. 2,351,970 shares of the company were exchanged, compared to its average volume of 2,264,607. 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 simple moving average is $79.53 and its two-hundred day simple moving average is $72.69. The company has a market capitalization of $17.73 billion, a P/E ratio of 33.66, a PEG ratio of 1.09 and a beta of 1.44. US Foods Holding Corp. has a 12-month low of $56.47 and a 12-month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $10.08 billion during the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.US Foods's revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.60% of the company's stock.

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.