US Foods Holding Corp. $USFD Holdings Lowered by Rivermont Capital Management LP

Key Points

• Rivermont Capital Management LP reduced its stake in US Foods Holding Corp. by 3.3%, now owning 157,803 shares valued at approximately $10.33 million.
• Analysts have raised their price targets for US Foods, with Barclays increasing their target from $85.00 to $95.00 and UBS from $84.00 to $96.00, both maintaining a "buy" rating.
• US Foods reported a 3.8% year-over-year revenue increase in its latest earnings, with earnings per share of $1.19 surpassing estimates of $1.14.

Rivermont Capital Management LP lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.3% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 157,803 shares of the company's stock after selling 5,443 shares during the quarter. US Foods comprises approximately 4.4% of Rivermont Capital Management LP's portfolio, making the stock its 10th biggest holding. Rivermont Capital Management LP owned 0.07% of US Foods worth $10,330,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in USFD. Boston Partners boosted its position in US Foods by 29.1% during the first quarter. Boston Partners now owns 16,457,351 shares of the company's stock worth $1,076,225,000 after purchasing an additional 3,713,345 shares during the period. Burgundy Asset Management Ltd. purchased a new stake in shares of US Foods in the first quarter worth about $110,245,000. Jupiter Asset Management Ltd. purchased a new stake in shares of US Foods in the first quarter worth about $91,087,000. AQR Capital Management LLC lifted its holdings in shares of US Foods by 120.3% in the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock worth $162,853,000 after buying an additional 1,385,521 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after buying an additional 1,350,034 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Citigroup assumed coverage on shares of US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. Piper Sandler increased their price target on shares of US Foods from $77.00 to $85.00 and gave the stock an "overweight" rating in a report on Tuesday, September 2nd. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Friday, September 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a research note on Monday, July 14th. Finally, Guggenheim raised their target price on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average price target of $81.27.

Insider Activity at US Foods

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 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 directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

US Foods Price Performance

USFD traded down $0.24 on Friday, reaching $79.63. The company had a trading volume of 1,810,960 shares, compared to its average volume of 1,664,627. The business has a 50 day simple moving average of $80.01 and a 200 day simple moving average of $73.60. The company has a market cap of $17.93 billion, a price-to-earnings ratio of 34.03, a P/E/G ratio of 1.11 and a beta of 1.39. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results 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. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. US Foods's quarterly revenue was up 3.8% on a year-over-year basis. During the same period last year, the firm posted $0.93 earnings per share. 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 EPS for the current year.

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.