Makena Capital Management LLC Buys 84,309 Shares of US Foods Holding Corp. $USFD

Key Points

• Makena Capital Management LLC has increased its holdings in US Foods by 60.5%, acquiring an additional 84,309 shares, which now constitutes about 1.5% of its investment portfolio.
• Several institutional investors have also increased their stakes in US Foods, with Boston Partners raising its holdings by 29.1% and Primecap Management Co. increasing its stake by 194.6% during the same period.
• The company's stock has received favorable ratings from analysts, including upgrades to "strong-buy" and price targets raised to between $85.00 and $96.00 by firms such as JPMorgan and Barclays.

Makena Capital Management LLC boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 60.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 223,633 shares of the company's stock after buying an additional 84,309 shares during the period. US Foods makes up about 1.5% of Makena Capital Management LLC's holdings, making the stock its 18th largest holding. Makena Capital Management LLC owned 0.10% of US Foods worth $14,639,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the company. Affinity Investment Advisors LLC lifted its stake in US Foods by 18.8% during the first quarter. Affinity Investment Advisors LLC now owns 4,896 shares of the company's stock worth $320,000 after purchasing an additional 776 shares during the last quarter. Burgundy Asset Management Ltd. bought a new stake in US Foods during the first quarter worth about $110,245,000. Raymond James Financial Inc. lifted its stake in US Foods by 4.4% during the first quarter. Raymond James Financial Inc. now owns 752,023 shares of the company's stock worth $49,227,000 after purchasing an additional 31,426 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of US Foods by 9.2% in the first quarter. American Century Companies Inc. now owns 260,424 shares of the company's stock worth $17,047,000 after buying an additional 21,894 shares during the period. Finally, Ethic Inc. increased its holdings in shares of US Foods by 16.7% in the first quarter. Ethic Inc. now owns 51,074 shares of the company's stock worth $3,370,000 after buying an additional 7,293 shares during the period. Institutional investors own 98.76% of the company's stock.

US Foods Stock Down 1.7%

US Foods stock traded down $1.3550 during trading hours on Thursday, hitting $77.4550. 1,825,220 shares of the stock traded hands, compared to its average volume of 2,261,786. The firm's 50-day moving average price is $79.59 and its two-hundred day moving average price is $72.73. 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 market cap of $17.44 billion, a PE ratio of 33.10, a PEG ratio of 1.08 and a beta of 1.44. US Foods Holding Corp. has a one year low of $56.47 and a one year 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 the consensus estimate of $1.14 by $0.05. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The business's revenue was up 3.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Analyst Ratings Changes

Several research analysts have recently commented on the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. JPMorgan Chase & Co. lifted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, Barclays lifted their price objective on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two investment 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's stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $80.55.

Insiders Place Their Bets

In other US Foods 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 of the company's stock, valued at approximately $9,206,160. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company's stock.

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.