Bayforest Capital Ltd Boosts Position in US Foods Holding Corp. $USFD

Key Points

• Bayforest Capital Ltd increased its stake in US Foods Holding Corp. by a substantial 2,223.3% during the second quarter, acquiring a total of 12,058 shares worth $929,000.
• Other institutional investors also showed significant activity, with Boston Partners boosting its holdings by 29.1%, indicating strong institutional interest in US Foods.
• The stock has received updated price targets from major analysts, with UBS Group increasing its price objective from $84.00 to $96.00 and maintaining a "buy" rating.

Bayforest Capital Ltd boosted its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 2,223.3% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,058 shares of the company's stock after purchasing an additional 11,539 shares during the quarter. Bayforest Capital Ltd's holdings in US Foods were worth $929,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Boston Partners lifted its holdings in US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after acquiring an additional 3,713,345 shares during the period. Wellington Management Group LLP raised its stake in US Foods by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock valued at $774,806,000 after purchasing an additional 426,288 shares during the period. Invesco Ltd. grew its holdings in US Foods by 21.8% during the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after buying an additional 1,350,034 shares in the last quarter. AQR Capital Management LLC grew its holdings in US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after buying an additional 1,385,521 shares in the last quarter. Finally, Primecap Management Co. CA boosted its holdings in shares of US Foods by 194.6% in the 1st 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 during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Up 0.3%

Shares of NYSE USFD opened at $75.37 on Tuesday. The company has a market capitalization of $16.97 billion, a price-to-earnings ratio of 32.21, a price-to-earnings-growth ratio of 1.05 and a beta of 1.36. 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 has a 50-day moving average of $77.71 and a two-hundred day moving average of $75.19. 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 posted its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.14 by $0.05. The business 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%.The business's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on USFD shares. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, July 28th. JPMorgan Chase & Co. boosted their price target on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Guggenheim upped their target price on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Morgan Stanley reiterated an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Finally, Weiss Ratings reiterated a "buy (b)" rating on shares of US Foods in a research note on Saturday, September 27th. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and a consensus 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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