Caisse DE Depot ET Placement DU Quebec Purchases New Position in US Foods Holding Corp. $USFD

Key Points

• Caisse DE Depot ET Placement DU Quebec has acquired a new position in US Foods Holding Corp, purchasing 85,553 shares valued at approximately $5.6 million.
• Insider trading activity includes EVP Dirk J. Locascio selling 7,500 shares for $600,000, decreasing his ownership by 6.12%.
• US Foods reported a quarterly EPS of $1.19, exceeding analysts' estimates, and set FY 2025 guidance with an expected EPS between 3.764-3.874.

Caisse DE Depot ET Placement DU Quebec bought a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 85,553 shares of the company's stock, valued at approximately $5,600,000.

Other large investors have also bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. increased its stake in US Foods by 14.5% in the 1st 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 increased its stake in US Foods by 152.6% in the 1st 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 in the last quarter. Jupiter Asset Management Ltd. purchased a new position in US Foods in the 1st quarter worth about $91,087,000. GAMMA Investing LLC increased its stake in US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after purchasing an additional 478 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its stake in US Foods by 49.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after purchasing an additional 13,821 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. Wall Street Zen cut US Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. Guggenheim lifted their price target on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. Piper Sandler lifted their price target on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a research note on Tuesday. Finally, Wells Fargo & Company restated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $81.27.

Insider Activity at US Foods

In related 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 value 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 approximately $9,206,160. The trade was a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company's stock.

US Foods Stock Down 1.0%

Shares of NYSE USFD traded down $0.76 during trading hours on Tuesday, hitting $76.84. The stock had a trading volume of 738,464 shares, compared to its average volume of 2,227,289. The company has a market capitalization of $17.30 billion, a P/E ratio of 32.83, a P/E/G ratio of 1.09 and a beta of 1.39. The firm's 50-day moving average price is $79.85 and its two-hundred day moving average price is $73.13. US Foods Holding Corp. has a 52 week low of $56.47 and a 52 week high of $85.11. 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 (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS 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 analysts' expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.