MetLife Investment Management LLC Has $8.36 Million Stake in US Foods Holding Corp. $USFD

Key Points

• MetLife Investment Management LLC reduced its stake in US Foods Holding Corp by 2.7%, now owning approximately 127,699 shares valued at about $8.36 million.
• Several institutional investors, including Allianz Asset Management, have increased their holdings in the company significantly, with Allianz raising its position by 152.6%.
• US Foods recently reported earnings of $1.19 per share, surpassing analysts' expectations of $1.14, and achieved revenue of $10.08 billion for the quarter.

MetLife Investment Management LLC decreased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 2.7% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,699 shares of the company's stock after selling 3,543 shares during the quarter. MetLife Investment Management LLC owned about 0.06% of US Foods worth $8,359,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its position in shares of US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after purchasing an additional 1,200 shares during the last quarter. Allianz Asset Management GmbH grew its position in shares of US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after purchasing an additional 63,288 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in shares of US Foods in the first quarter valued at approximately $91,087,000. GAMMA Investing LLC grew its position in shares of US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC grew its position in US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after buying an additional 13,821 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Ratings Changes

USFD has been the topic of a number of analyst reports. Morgan Stanley reissued an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. Guggenheim increased their price target on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research report on Monday, August 11th. Wells Fargo & Company reissued 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. UBS Group increased their price target on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Finally, Wall Street Zen downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Friday, August 22nd. Two equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $80.55.

US Foods Stock Up 0.4%

Shares of USFD opened at $77.79 on Wednesday. US Foods Holding Corp. has a 52 week low of $56.47 and a 52 week high of $85.11. The stock has a market capitalization of $17.52 billion, a price-to-earnings ratio of 33.24, a PEG ratio of 1.09 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. The stock has a fifty day moving average of $79.72 and a 200-day moving average of $72.92.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. US Foods had a return on equity of 16.86% and a net margin of 1.43%.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 earned $0.93 EPS. US Foods'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. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction 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 completion of the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

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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