Magnetar Financial LLC Buys 142,514 Shares of US Foods Holding Corp. $USFD

Key Points

• Magnetar Financial LLC increased its holdings in US Foods Holding Corp. by 1,459.6%, acquiring a total of 152,278 shares valued at approximately $9.97 million as of the end of the first quarter.
• Hedge funds and institutional investors collectively hold 98.76% of US Foods' stock, indicating strong institutional confidence in the company.
• Analyst ratings for US Foods show a consensus of "Buy", with revised price targets ranging from $85.00 to $96.00 by various investment firms.

Magnetar Financial LLC grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 1,459.6% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 152,278 shares of the company's stock after buying an additional 142,514 shares during the period. Magnetar Financial LLC owned approximately 0.07% of US Foods worth $9,968,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of USFD. Colonial Trust Co SC bought a new stake in shares of US Foods in the 4th quarter worth $25,000. Caitong International Asset Management Co. Ltd bought a new position in shares of US Foods during the 1st quarter worth $31,000. True Wealth Design LLC grew its stake 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 acquiring an additional 298 shares during the period. Blue Trust Inc. grew its stake 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 acquiring an additional 726 shares during the period. Finally, Signaturefd LLC grew its stake 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 acquiring an additional 214 shares during the period. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Trading Down 0.3%

US Foods stock traded down $0.20 during trading hours on Tuesday, reaching $77.40. The company had a trading volume of 1,921,009 shares, compared to its average volume of 2,229,537. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The company has a 50-day moving average price of $79.85 and a 200 day moving average price of $73.13. The firm has a market cap of $17.43 billion, a price-to-earnings ratio of 33.08, a P/E/G ratio of 1.09 and a beta of 1.39. US Foods Holding Corp. has a 12-month low of $56.47 and a 12-month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last posted its 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. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The firm had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. During the same period in the previous year, the firm earned $0.93 earnings per share. The business's 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. Equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the sale, the executive vice president directly owned 115,077 shares in the company, valued at $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on USFD. Wall Street Zen downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research note on Friday, August 22nd. Morgan Stanley restated 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. Barclays lifted their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Citigroup initiated coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Two research 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 MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $81.27.

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.