Chescapmanager LLC Sells 70,000 Shares of US Foods Holding Corp. $USFD

Key Points

• Chescapmanager LLC decreased its holdings in US Foods by 10.8%, selling 70,000 shares, now owning 578,457 shares, which constitute about 4.1% of its investment portfolio.
• A number of institutional investors, including Boston Partners and AQR Capital Management, have increased their stakes in US Foods, with 98.76% of the stock currently owned by institutional investors.
• US Foods' latest earnings report showed an EPS of $1.19, exceeding analysts' expectations, with a revenue of $10.08 billion despite being below projections.

Chescapmanager LLC reduced its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 10.8% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 578,457 shares of the company's stock after selling 70,000 shares during the quarter. US Foods comprises about 4.1% of Chescapmanager LLC's investment portfolio, making the stock its 8th largest holding. Chescapmanager LLC owned 0.25% of US Foods worth $37,866,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Boston Partners raised its stake in shares of US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares in the last quarter. Wellington Management Group LLP raised its stake in shares of US Foods by 3.7% during the first 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 in the last quarter. Invesco Ltd. raised its stake in shares of US Foods by 21.8% during the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after purchasing an additional 1,350,034 shares in the last quarter. AQR Capital Management LLC raised its stake in shares of US Foods by 120.3% during the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after purchasing an additional 1,385,521 shares in the last quarter. Finally, Ameriprise Financial Inc. raised its stake in shares of US Foods by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after purchasing an additional 36,307 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

USFD has been the topic of a number of recent analyst reports. Wall Street Zen cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. UBS Group lifted their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Citigroup initiated coverage on US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. Finally, Guggenheim lifted their target price on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Two investment 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 stock. According to MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average target price of $81.27.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company's stock.

US Foods Trading Down 0.3%

Shares of USFD opened at $77.18 on Thursday. The business's 50-day moving average price is $79.88 and its 200 day moving average price is $73.19. The stock has a market capitalization of $17.38 billion, a P/E ratio of 32.98, a P/E/G ratio of 1.09 and a beta of 1.39. US Foods Holding Corp. has a 1-year low of $56.47 and a 1-year high of $85.11. 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 issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $10.08 billion for 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%.US Foods's revenue was up 3.8% on a year-over-year basis. During the same quarter last year, the business posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.

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