US Foods Holding Corp. $USFD Holdings Decreased by Alliancebernstein L.P.

Key Points

• Alliancebernstein L.P. reduced its stake in US Foods Holding Corp. by 6.0%, selling 18,879 shares during the first quarter and now owning approximately 296,728 shares valued at $19.4 million.
• Analyst ratings for US Foods have generally improved, with targets raised by several firms; JPMorgan Chase increased its target from $82.00 to $85.00, while Morgan Stanley lifted it to $89.00, reflecting a broadly positive outlook.
• US Foods reported a quarterly earnings per share (EPS) of $1.19, exceeding expectations of $1.14, alongside revenues of $10.08 billion, which fell slightly short of estimates but showed a year-over-year increase of 3.8%.

Alliancebernstein L.P. lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 6.0% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 296,728 shares of the company's stock after selling 18,879 shares during the period. Alliancebernstein L.P. owned 0.13% of US Foods worth $19,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock worth $622,000 after purchasing an additional 1,200 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after purchasing an additional 63,288 shares during the period. Jupiter Asset Management Ltd. acquired a new stake in US Foods in the first quarter worth about $91,087,000. GAMMA Investing LLC grew its position in US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after buying an additional 478 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in US Foods by 49.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after buying an additional 13,821 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred 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 transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.60% of the stock is currently owned by company insiders.

US Foods Price Performance

Shares of NYSE USFD traded down $1.57 during mid-day trading on Tuesday, reaching $77.73. The company had a trading volume of 1,893,078 shares, compared to its average volume of 1,638,644. The company has a 50-day moving average price of $80.01 and a two-hundred day moving average price of $73.68. The stock has a market cap of $17.50 billion, a PE ratio of 33.22, a P/E/G ratio of 1.11 and a beta of 1.39. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year 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, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates 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 for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the company posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Ratings Changes

A number of brokerages have recently weighed in on USFD. Barclays upped their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. JPMorgan Chase & Co. lifted their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Guggenheim upped their price objective on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 target price (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Buy" and a consensus price target of $81.27.

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.