Clarkston Capital Partners LLC Sells 266,307 Shares of US Foods Holding Corp. $USFD

Key Points

• Clarkston Capital Partners LLC reduced its stake in US Foods Holding Corp. by 7.3%, selling 266,307 shares during the first quarter, and now holds approximately 3.4 million shares valued at $222.5 million.
• US Foods reported quarterly earnings of $1.19 per share, exceeding estimates by $0.05, with revenues of $10.08 billion, though slightly below projections.
• Analysts have increased price targets for US Foods, with Guggenheim raising its target from $80 to $88, and the stock currently holds an average rating of "Buy" according to MarketBeat.

Clarkston Capital Partners LLC lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 7.3% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,399,920 shares of the company's stock after selling 266,307 shares during the quarter. US Foods accounts for 4.4% of Clarkston Capital Partners LLC's investment portfolio, making the stock its 5th biggest position. Clarkston Capital Partners LLC owned 1.47% of US Foods worth $222,559,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Kaufman Rossin Wealth LLC acquired a new position in shares of US Foods during the first quarter worth about $283,000. Price T Rowe Associates Inc. MD lifted its stake in shares of US Foods by 54.6% during the first quarter. Price T Rowe Associates Inc. MD now owns 703,438 shares of the company's stock worth $46,048,000 after purchasing an additional 248,444 shares in the last quarter. Martingale Asset Management L P acquired a new position in shares of US Foods during the first quarter worth about $2,328,000. Candriam S.C.A. acquired a new position in shares of US Foods during the first quarter worth about $835,000. Finally, Credit Agricole S A acquired a new position in shares of US Foods during the first quarter worth about $1,128,000. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Stock Up 2.3%

Shares of US Foods stock opened at $78.7530 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The firm has a market cap of $17.73 billion, a P/E ratio of 33.66, a P/E/G ratio of 1.08 and a beta of 1.44. US Foods Holding Corp. has a fifty-two week low of $56.47 and a fifty-two week high of $85.11. The business has a 50-day moving average price of $79.59 and a 200 day moving average price of $72.73.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.US Foods's quarterly revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent research reports. Guggenheim boosted their price objective on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Wells Fargo & Company reiterated an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Finally, 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 note on Wednesday, June 25th. Two 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's stock. According to data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $80.55.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 7,500 shares of the business's 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 completion of the sale, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by corporate insiders.

US Foods 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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