Credit Agricole S A Takes $1.13 Million Position in US Foods Holding Corp. $USFD

Key Points

• Credit Agricole S A has made a new investment in US Foods Holding Corp., acquiring 17,231 shares valued at approximately $1.13 million during the first quarter.
• Institutional ownership is high, with 98.76% of US Foods stock owned by institutional investors, including significant stake increases by Boston Partners and Primecap Management Co.
• US Foods reported a quarterly EPS of $1.19, exceeding estimates, with a year-over-year revenue increase of 3.8% to $10.08 billion.

Credit Agricole S A acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 17,231 shares of the company's stock, valued at approximately $1,128,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kesler Norman & Wride LLC grew its position in US Foods by 1.3% in the first quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after acquiring an additional 160 shares during the period. GeoWealth Management LLC lifted its stake in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. Signaturefd LLC boosted its stake in shares of US Foods by 19.7% in the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock valued at $85,000 after purchasing an additional 214 shares during the last quarter. Kovitz Investment Group Partners LLC grew its holdings in 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. Finally, ProShare Advisors LLC increased its holdings in US Foods by 2.2% in the fourth quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock valued at $735,000 after purchasing an additional 238 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the sale, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. The trade was a 6.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Citigroup began coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective on the stock. Guggenheim raised their price target on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, Barclays lifted their price objective on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. 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. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average target price of $80.55.

US Foods Price Performance

Shares of USFD stock traded up $0.17 on Friday, hitting $77.51. 1,403,605 shares of the company's stock were exchanged, compared to its average volume of 2,428,505. The stock has a market cap of $17.45 billion, a P/E ratio of 33.12, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. 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 company has a 50 day moving average of $79.83 and a 200 day moving average of $73.08. US Foods Holding Corp. has a 12 month low of $56.47 and a 12 month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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 the consensus estimate of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The firm's revenue was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

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.