Corebridge Financial Inc. Has $16.65 Million Holdings in US Foods Holding Corp. $USFD

Key Points

• Corebridge Financial Inc. reduced its stake in US Foods by 3.5%, owning approximately 254,376 shares valued at $16.65 million as of the latest SEC filing.
• US Foods reported earnings of $1.19 per share for the last quarter, surpassing estimates, with quarterly revenue at $10.08 billion.
• Analyst ratings for US Foods show a positive outlook with Barclays and UBS raising their price targets to $95.00 and $96.00 respectively, indicating strong investor sentiment.

Corebridge Financial Inc. cut its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.5% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 254,376 shares of the company's stock after selling 9,174 shares during the quarter. Corebridge Financial Inc. owned approximately 0.11% of US Foods worth $16,651,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of USFD. Kesler Norman & Wride LLC boosted its holdings in US Foods by 1.3% in the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after purchasing an additional 160 shares during the period. Signaturefd LLC lifted its holdings in shares of US Foods by 19.7% during the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after acquiring an additional 214 shares during the period. Kovitz Investment Group Partners LLC lifted its holdings in shares of US Foods by 7.2% during the 1st quarter. Kovitz Investment Group Partners LLC now owns 3,373 shares of the company's stock worth $221,000 after acquiring an additional 226 shares during the period. ProShare Advisors LLC lifted its holdings in shares of US Foods by 2.2% during the 4th quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock worth $735,000 after acquiring an additional 238 shares during the period. Finally, MassMutual Private Wealth & Trust FSB lifted its holdings in shares of US Foods by 16.8% during the 1st quarter. MassMutual Private Wealth & Trust FSB now owns 1,724 shares of the company's stock worth $113,000 after acquiring an additional 248 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Trading Down 0.8%

USFD opened at $77.4240 on Tuesday. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $17.43 billion, a PE ratio of 33.09, a PEG ratio of 1.10 and a beta of 1.44. US Foods Holding Corp. has a 1-year low of $56.47 and a 1-year high of $85.11. The firm has a 50-day moving average price of $79.67 and a two-hundred day moving average price of $72.88.

US Foods (NYSE:USFD - Get Free Report) last posted 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 analysts' expectations of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.93 EPS. 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 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Barclays raised their price objective on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group raised their price objective on shares of US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Wall Street Zen downgraded shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Friday. Finally, Citigroup assumed coverage on shares of 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 issued a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $80.55.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction dated Thursday, July 10th. The shares were 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 in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 0.60% of the company's stock.

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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