Bain Capital Public Equity LP Sells 5,366 Shares of US Foods Holding Corp. $USFD

Key Points

• Bain Capital Public Equity LP reduced its stake in US Foods Holding Corp. by 15.8%, now owning 28,507 shares, making it the 14th largest position in their portfolio.
• Several institutional investors, including Kovitz Investment Group Partners LLC and MassMutual Private Wealth & Trust FSB, increased their holdings in US Foods during the same period.
• Brokerages have set new price targets for US Foods, with Citigroup initiating coverage with a $95.00 price objective and Guggenheim raising their target from $80.00 to $88.00.

Bain Capital Public Equity LP reduced its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 15.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 28,507 shares of the company's stock after selling 5,366 shares during the quarter. US Foods makes up 2.0% of Bain Capital Public Equity LP's investment portfolio, making the stock its 14th largest holding. Bain Capital Public Equity LP's holdings in US Foods were worth $1,866,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USFD. Banque Transatlantique SA bought a new position in shares of US Foods in the first quarter valued at approximately $91,000. Belmont Capital LLC bought a new position in shares of US Foods in the first quarter valued at approximately $828,000. AQR Capital Management LLC grew its holdings in shares of US Foods by 120.3% in the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after acquiring an additional 1,385,521 shares in the last quarter. Advisors Asset Management Inc. grew its holdings in shares of US Foods by 20.2% in the first quarter. Advisors Asset Management Inc. now owns 21,514 shares of the company's stock valued at $1,408,000 after acquiring an additional 3,618 shares in the last quarter. Finally, Federation des caisses Desjardins du Quebec grew its holdings in shares of US Foods by 24.7% in the first quarter. Federation des caisses Desjardins du Quebec now owns 27,693 shares of the company's stock valued at $1,813,000 after acquiring an additional 5,479 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on the company. Guggenheim upped their target price on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday. Barclays increased their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Morgan Stanley reissued an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, Citigroup began coverage on US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. Two equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $81.27.

Insider Transactions at US Foods

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

US Foods Stock Performance

USFD stock traded down $0.12 during midday trading on Friday, reaching $77.88. 1,228,073 shares of the company's stock traded hands, compared to its average volume of 1,964,441. The company has a 50-day moving average price of $79.92 and a two-hundred day moving average price of $73.30. 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 $56.47 and a 52 week high of $85.11. The firm has a market capitalization of $17.54 billion, a PE ratio of 33.28, a price-to-earnings-growth ratio of 1.09 and a beta of 1.39.

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

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.