Gotham Asset Management LLC Grows Stock Position in US Foods Holding Corp. $USFD

Key Points

• Gotham Asset Management LLC increased its stake in US Foods Holding Corp. by 60%, acquiring an additional 72,084 shares during the 1st quarter, bringing its total ownership to 192,159 shares valued at approximately $12.58 million.
• US Foods reported $1.19 earnings per share for the last quarter, beating analysts' expectations, and its revenue amounted to $10.08 billion despite slightly missing estimates.
• Analysts have recently upgraded US Foods' stock, with ratings ranging from "buy" to "strong-buy" and the company receiving target price increases from firms such as UBS and Barclays.

Gotham Asset Management LLC grew its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 60.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 192,159 shares of the company's stock after purchasing an additional 72,084 shares during the period. Gotham Asset Management LLC owned approximately 0.08% of US Foods worth $12,579,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Kesler Norman & Wride LLC increased its holdings in shares of 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 purchasing an additional 160 shares during the period. Signaturefd LLC increased its holdings in shares of US Foods by 19.7% in the first 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 period. Kovitz Investment Group Partners LLC increased its holdings in shares of US Foods by 7.2% in the first quarter. Kovitz Investment Group Partners LLC now owns 3,373 shares of the company's stock valued at $221,000 after purchasing an additional 226 shares during the period. ProShare Advisors LLC increased its holdings in shares of 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 period. Finally, MassMutual Private Wealth & Trust FSB increased its holdings in shares of US Foods by 16.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,724 shares of the company's stock valued at $113,000 after purchasing an additional 248 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Activity

In related news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent analyst reports. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. Guggenheim upped their price objective on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Piper Sandler upped their price objective on US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Morgan Stanley reaffirmed 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, Citigroup assumed coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Two research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has issued a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $81.27.

US Foods Price Performance

Shares of NYSE:USFD traded down $0.17 on Friday, hitting $79.71. The company had a trading volume of 444,417 shares, compared to its average volume of 2,201,024. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11. The business has a 50 day moving average of $79.99 and a 200 day moving average of $73.49. The company has a market cap of $17.95 billion, a PE ratio of 34.06, a PEG ratio of 1.09 and a beta of 1.39.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. During the same period in the prior year, the business earned $0.93 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. 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.

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.