Ieq Capital LLC Has $9.01 Million Stock Holdings in US Foods Holding Corp. $USFD

Key Points

• Ieq Capital LLC increased its holdings in US Foods Holding Corp. by 73.5% in Q1, owning 137,610 shares valued at approximately $9 million.
• Institutional investors and hedge funds now own 98.76% of US Foods, with Boston Partners and Primecap Management showing significant increases in their holdings.
• US Foods reported Q2 earnings exceeding analysts' expectations with an EPS of $1.19, while revenue reached $10.08 billion, despite falling short of estimates.

Ieq Capital LLC raised its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 73.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 137,610 shares of the company's stock after acquiring an additional 58,305 shares during the quarter. Ieq Capital LLC owned approximately 0.06% of US Foods worth $9,008,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in USFD. Boston Partners increased its position in 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 acquiring an additional 3,713,345 shares during the period. Burgundy Asset Management Ltd. acquired a new position in US Foods in the 1st quarter valued at approximately $110,245,000. Jupiter Asset Management Ltd. acquired a new position in US Foods in the 1st quarter valued at approximately $91,087,000. Invesco Ltd. increased its position in 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 acquiring an additional 1,350,034 shares during the period. Finally, Primecap Management Co. CA increased its position in 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 acquiring an additional 1,282,379 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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 transaction of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at $9,206,160. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on USFD shares. Guggenheim upped their price target on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Citigroup began coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price for the company. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Barclays increased their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Finally, Wall Street Zen downgraded US Foods from a "strong-buy" rating to a "buy" rating in a report on Friday, August 22nd. 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 stock. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $80.55.

US Foods Price Performance

USFD stock opened at $77.68 on Thursday. The stock has a market capitalization of $17.49 billion, a PE ratio of 33.20, a price-to-earnings-growth ratio of 1.09 and a beta of 1.44. The company's 50-day moving average is $79.76 and its 200-day moving average is $72.95. 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 1 year low of $56.47 and a 1 year high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The company had revenue of $10.08 billion for 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 business's revenue was up 3.8% on a year-over-year basis. 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. Equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal 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.

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