US Foods Holding Corp. $USFD Shares Sold by Jacobs Levy Equity Management Inc.

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

Other institutional investors and hedge funds have also made changes to their positions in the company. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Foods during the 1st quarter worth $31,000. True Wealth Design LLC increased its holdings in shares of US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after buying an additional 298 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after buying an additional 726 shares during the last quarter. Signaturefd LLC increased its holdings in shares of US Foods by 19.7% during the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after buying an additional 214 shares during the last quarter. Finally, Harvest Fund Management Co. Ltd acquired a new stake in shares of US Foods during the 1st quarter worth $96,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Stock Up 0.7%

NYSE:USFD traded up $0.58 on Monday, reaching $80.04. The stock had a trading volume of 155,820 shares, compared to its average volume of 2,197,210. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average of $80.01 and a 200 day moving average of $73.60. The stock has a market cap of $18.02 billion, a P/E ratio of 34.16, a price-to-earnings-growth ratio of 1.11 and a beta of 1.39. 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 posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. During the same period in the prior year, the company posted $0.93 EPS. The firm's revenue for the quarter was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current 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 transaction of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares of the company's stock, 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 is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

Several analysts recently issued reports on USFD shares. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price target (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Guggenheim increased their price target on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Finally, Citigroup started coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target for the company. Two analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $81.27.

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.