Curi RMB Capital LLC Sells 19,693 Shares of US Foods Holding Corp. $USFD

Key Points

• Curi RMB Capital LLC reduced its stake in US Foods Holding Corp. by 9.4%, now holding approximately 189,292 shares worth about $12.39 million.
• Several hedge funds, including Boston Partners and AQR Capital Management, have significantly increased their positions in the company, indicating a strong institutional interest in US Foods.
• Analysts have raised their target prices for US Foods, with UBS upgrading it to $96.00 and Piper Sandler to $85.00, reflecting a bullish perspective on the company's stock performance.

Curi RMB Capital LLC lessened its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 189,292 shares of the company's stock after selling 19,693 shares during the period. Curi RMB Capital LLC owned approximately 0.08% of US Foods worth $12,391,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Boston Partners raised its holdings in US Foods by 29.1% during the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after acquiring an additional 3,713,345 shares during the period. Wellington Management Group LLP raised its holdings in US Foods by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock valued at $774,806,000 after acquiring an additional 426,288 shares during the period. Invesco Ltd. raised its holdings in US Foods by 21.8% during the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after acquiring an additional 1,350,034 shares during the period. AQR Capital Management LLC raised its holdings in US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after acquiring an additional 1,385,521 shares during the period. Finally, Ameriprise Financial Inc. raised its holdings in US Foods by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after acquiring an additional 36,307 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Trading Down 0.2%

Shares of US Foods stock traded down $0.12 during trading on Friday, reaching $77.88. 1,228,073 shares of the stock were exchanged, compared to its average volume of 1,964,441. 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 stock's fifty day moving average is $79.92 and its 200 day moving average is $73.30. The firm has a market cap of $17.54 billion, a price-to-earnings ratio of 33.28, a price-to-earnings-growth 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.

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, topping the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. During the same period last year, the business posted $0.93 earnings per share. US Foods's quarterly revenue was up 3.8% compared to the same quarter last year. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on USFD. Barclays increased their target price on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Morgan Stanley reissued an "overweight" rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. JPMorgan Chase & Co. increased their target price on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Citigroup began coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Finally, Wells Fargo & Company reissued an "overweight" rating and issued a $87.00 target price (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Two analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $81.27.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following 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 ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.60% of the stock is owned by company 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.