US Foods Holding Corp. $USFD Shares Sold 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 lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.3% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 157,803 shares of the company's stock after selling 5,443 shares during the period. US Foods makes up 4.4% of Rivermont Capital Management LP's portfolio, making the stock its 10th largest holding. Rivermont Capital Management LP owned 0.07% of US Foods worth $10,330,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Empowered Funds LLC bought a new position in shares of US Foods during the first quarter worth approximately $359,000. Dean Capital Management increased its position in US Foods by 2.3% during the first quarter. Dean Capital Management now owns 24,097 shares of the company's stock worth $1,577,000 after acquiring an additional 542 shares during the period. Aristeia Capital L.L.C. increased its position in US Foods by 63.1% during the first quarter. Aristeia Capital L.L.C. now owns 6,472 shares of the company's stock worth $424,000 after acquiring an additional 2,504 shares during the period. Caxton Associates LLP acquired a new stake in US Foods in the 1st quarter worth about $825,000. Finally, Nissay Asset Management Corp Japan ADV acquired a new stake in shares of US Foods in the first quarter valued at approximately $4,063,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Ratings Changes

USFD has been the subject of a number of recent analyst reports. Piper Sandler upped their target price on US Foods from $77.00 to $85.00 and gave the company an "overweight" rating in a research report on Tuesday, September 2nd. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Finally, Barclays boosted their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, US Foods presently has a consensus rating of "Buy" and a consensus target price of $81.27.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the 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 transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 0.60% of the company's stock.

US Foods Trading Down 0.3%

US Foods stock traded down $0.24 during mid-day trading on Friday, hitting $79.63. 1,810,960 shares of the stock were exchanged, compared to its average volume of 2,208,726. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 12 month low of $57.36 and a 12 month high of $85.11. The firm's fifty day simple moving average is $79.99 and its two-hundred day simple moving average is $73.49. The stock has a market capitalization of $17.93 billion, a price-to-earnings ratio of 34.03, a PEG ratio of 1.09 and a beta of 1.39.

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, topping the consensus estimate of $1.14 by $0.05. The company had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. US Foods's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Analysts forecast 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.