US Foods Holding Corp. $USFD Shares Bought by Contravisory Investment Management Inc.

Key Points

• Contravisory Investment Management Inc. significantly increased its stake in US Foods by over 32,000%, now holding 109,535 shares valued at approximately $8.4 million.
• US Foods had a strong earnings report, with EPS of $1.19 surpassing analyst estimates, although quarterly revenue was slightly below expectations at $10.08 billion.
• Analysts have a positive outlook on US Foods, with multiple firms raising their target prices, and a consensus rating of "Buy" with an average price target of $81.27.

Contravisory Investment Management Inc. increased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 32,403.0% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 109,535 shares of the company's stock after acquiring an additional 109,198 shares during the period. US Foods makes up 1.7% of Contravisory Investment Management Inc.'s investment portfolio, making the stock its 25th largest position. Contravisory Investment Management Inc.'s holdings in US Foods were worth $8,435,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Cetera Investment Advisers lifted its position in shares of US Foods by 84.6% during the fourth quarter. Cetera Investment Advisers now owns 24,062 shares of the company's stock worth $1,623,000 after purchasing an additional 11,024 shares in the last quarter. ProShare Advisors LLC lifted its position in shares of US Foods by 2.2% during the fourth quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock worth $735,000 after purchasing an additional 238 shares in the last quarter. Snowden Capital Advisors LLC lifted its position in shares of US Foods by 97.8% during the fourth quarter. Snowden Capital Advisors LLC now owns 8,179 shares of the company's stock worth $552,000 after purchasing an additional 4,045 shares in the last quarter. Two Sigma Advisers LP acquired a new position in shares of US Foods during the fourth quarter worth $2,098,000. Finally, Worldquant Millennium Advisors LLC acquired a new position in shares of US Foods during the fourth quarter worth $285,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

US Foods Stock Performance

USFD stock traded down $1.09 during trading on Monday, hitting $77.25. 746,457 shares of the company's stock traded hands, compared to its average volume of 2,207,649. The stock has a fifty day moving average price of $79.91 and a two-hundred day moving average price of $73.92. The stock has a market capitalization of $17.39 billion, a price-to-earnings ratio of 33.00, a price-to-earnings-growth ratio of 1.10 and a beta of 1.39. 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 52 week low of $57.36 and a 52 week high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping the consensus estimate of $1.14 by $0.05. The business had revenue of $10.08 billion during the quarter, compared to analyst estimates of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company's quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.93 earnings per share. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on USFD. UBS Group boosted their target price on shares of US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Wells Fargo & Company restated an "overweight" rating and issued a $87.00 price target (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Guggenheim lifted their price target on shares of US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a research note on Monday, August 11th. Finally, Morgan Stanley restated an "overweight" rating and issued a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Two 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. According to data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average price target of $81.27.

About US Foods

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.