AlphaCore Capital LLC Buys Shares of 5,477 US Foods Holding Corp. (NYSE:USFD)

Key Points

• AlphaCore Capital LLC has invested approximately $359,000 in US Foods Holding Corp. by acquiring 5,477 shares, marking a new position for the institutional investor.
• Several hedge funds have significantly increased their stakes in US Foods, with the Ontario Teachers Pension Plan boosting its position by 161.1%.
• US Foods recently posted earnings results showing a 3.8% increase in quarterly revenue compared to the same period last year, with an earnings per share of $1.19, surpassing analyst expectations.

AlphaCore Capital LLC bought a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,477 shares of the company's stock, valued at approximately $359,000.

A number of other institutional investors have also recently added to or reduced their stakes in USFD. Jupiter Asset Management Ltd. bought a new stake in US Foods during the 1st quarter valued at approximately $91,087,000. Primecap Management Co. CA raised its stake in US Foods by 194.6% during the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after purchasing an additional 1,282,379 shares during the period. Raymond James Financial Inc. bought a new stake in shares of US Foods during the fourth quarter valued at approximately $48,611,000. Commerce Bank bought a new stake in US Foods in the 1st quarter valued at $47,049,000. Finally, AQR Capital Management LLC increased its stake in US Foods by 133.8% in the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company's stock worth $77,708,000 after acquiring an additional 659,283 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Transactions at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

US Foods Stock Performance

US Foods stock traded down $1.57 during trading on Thursday, reaching $77.08. The company had a trading volume of 2,317,789 shares, compared to its average volume of 2,582,437. US Foods Holding Corp. has a 52 week low of $56.42 and a 52 week high of $85.11. The firm has a market capitalization of $17.36 billion, a price-to-earnings ratio of 32.94, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. The firm's 50-day simple moving average is $79.56 and its 200 day simple moving average is $72.56. 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 (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter last year, the firm earned $0.93 EPS. The business's revenue for the quarter was up 3.8% on a year-over-year basis. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of research analyst reports. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Guggenheim set a $88.00 target price on US Foods and gave the company a "buy" rating in a research report on Monday. Citigroup assumed coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price for the company. Morgan Stanley reissued an "overweight" rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Buy" and an average target price of $80.55.

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.