Credit Agricole S A Makes New $1.13 Million Investment 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 US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 17,231 shares of the company's stock, valued at approximately $1,128,000.

A number of other institutional investors also recently modified their holdings of USFD. Boston Partners boosted its stake in shares of US Foods by 29.1% in the 1st 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 during the last quarter. Burgundy Asset Management Ltd. bought a new stake in shares of US Foods in the 1st quarter valued at $110,245,000. Jupiter Asset Management Ltd. bought a new stake in shares of US Foods in the 1st quarter valued at $91,087,000. Invesco Ltd. boosted its stake in shares of US Foods by 21.8% in the 1st 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 during the last quarter. Finally, Primecap Management Co. CA boosted its stake in shares of US Foods by 194.6% in the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after purchasing an additional 1,282,379 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

USFD has been the topic of a number of analyst reports. Wall Street Zen lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday. Citigroup began coverage on shares of US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective on the stock. UBS Group upped 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. Morgan Stanley restated an "overweight" rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, JPMorgan Chase & Co. upped their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average target price of $80.55.

US Foods Stock Performance

Shares of USFD stock opened at $78.0320 on Monday. The firm has a 50-day moving average of $79.66 and a 200-day moving average of $72.83. The company has a market cap of $17.57 billion, a P/E ratio of 33.35, a P/E/G ratio of 1.10 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. US Foods Holding Corp. has a one year low of $56.47 and a one year high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last announced its 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 company 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 for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the 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 $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.