AQR Capital Management LLC Has $162.85 Million Stake in US Foods Holding Corp. $USFD

Key Points

• AQR Capital Management LLC increased its stake in US Foods Holding Corp. by 120.3%, owning approximately 1.10% of the company after purchasing 1,385,521 additional shares.
• US Foods reported a quarterly EPS of $1.19, surpassing estimates, with a revenue of $10.08 billion, marking a 3.8% year-over-year increase.
• Major institutional investors, including Boston Partners and Primecap Management, significantly increased their holdings in US Foods, contributing to 98.76% of the stock being owned by institutional investors.

AQR Capital Management LLC lifted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 120.3% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 2,537,434 shares of the company's stock after buying an additional 1,385,521 shares during the quarter. AQR Capital Management LLC owned about 1.10% of US Foods worth $162,853,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of USFD. Boston Partners boosted its stake in US Foods by 29.1% during 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 last quarter. Burgundy Asset Management Ltd. bought a new position in US Foods in the first quarter valued at approximately $110,245,000. Jupiter Asset Management Ltd. bought a new position in US Foods in the first quarter valued at approximately $91,087,000. Invesco Ltd. lifted its position in shares of US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after purchasing an additional 1,350,034 shares in the last quarter. Finally, Primecap Management Co. CA lifted its position in shares of US Foods by 194.6% in the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock worth $127,084,000 after purchasing an additional 1,282,379 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity at US Foods

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

US Foods Stock Performance

NYSE:USFD opened at $77.18 on Thursday. The company has a market capitalization of $17.38 billion, a PE ratio of 32.98, a P/E/G ratio of 1.09 and a beta of 1.39. The company has a 50 day simple moving average of $79.88 and a two-hundred day simple moving average of $73.19. 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 fifty-two week low of $56.47 and a fifty-two week high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.19 EPS 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 net margin of 1.43% and a return on equity of 16.86%. The company's quarterly revenue was up 3.8% on a year-over-year basis. 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. Research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

USFD has been the topic of a number of recent analyst reports. Citigroup initiated coverage on shares of US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. Morgan Stanley reissued an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Piper Sandler increased their target price on shares of US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday. Guggenheim increased their target price on shares of US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Finally, JPMorgan Chase & Co. upped their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, US Foods has an average rating of "Buy" and an average price target 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.

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