Jacobs Levy Equity Management Inc. Decreases Stock Holdings in US Foods Holding Corp. $USFD

Key Points

• Jacobs Levy Equity Management Inc. significantly reduced its stake in US Foods Holding Corp. by 66.4%, holding 38,683 shares valued at $2.53 million after selling 76,275 shares in the first quarter.
• US Foods reported Q2 earnings of $1.19 per share, beating expectations, but revenue of $10.08 billion fell short of analyst estimates.
• Several analysts raised their price targets for US Foods, with UBS increasing it from $84 to $96, and the stock currently has a consensus rating of Buy.

Jacobs Levy Equity Management Inc. lowered its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 66.4% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 38,683 shares of the company's stock after selling 76,275 shares during the quarter. Jacobs Levy Equity Management Inc.'s holdings in US Foods were worth $2,532,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of USFD. Boston Partners boosted its stake in US Foods by 29.1% in the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after buying an additional 3,713,345 shares in the last quarter. Burgundy Asset Management Ltd. acquired a new position in shares of US Foods in the first quarter valued at about $110,245,000. Jupiter Asset Management Ltd. purchased a new position in US Foods during the first quarter worth approximately $91,087,000. AQR Capital Management LLC boosted its position in shares of US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock worth $162,853,000 after acquiring an additional 1,385,521 shares in the last quarter. Finally, Invesco Ltd. grew its position in US Foods by 21.8% during the first 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. 98.76% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on USFD shares. Piper Sandler increased their price objective on shares of US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. UBS Group boosted their target price on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, July 28th. 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. Finally, Guggenheim boosted their target price on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Two equities research 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 company. According to MarketBeat, US Foods currently has an average rating of "Buy" and an average price target of $81.27.

Insider Activity

In related news, EVP Dirk J. Locascio sold 7,500 shares of the business's 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 completion of the sale, 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is owned by corporate insiders.

US Foods Price Performance

USFD traded down $0.24 during trading on Friday, reaching $79.63. 1,810,960 shares of the company were exchanged, compared to its average volume of 1,698,386. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 1.12 and a beta of 1.39. 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 company's 50-day moving average is $80.01 and its two-hundred day moving average is $73.56. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results 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. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.US Foods's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Company 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.