US Foods Holding Corp. $USFD Shares Purchased by Federation des caisses Desjardins du Quebec

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in US Foods Holding Corp. by 24.7% in the first quarter, owning 27,693 shares valued at approximately $1.81 million.
• US Foods reported a 3.8% year-over-year revenue increase with quarterly earnings of $1.19 per share, surpassing analysts' expectations of $1.14.
• Institutional investors dominate with 98.76% of US Foods' stock owned by various institutions, and analysts project a consensus target price of $81.27 for the stock.

Federation des caisses Desjardins du Quebec boosted its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 24.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 27,693 shares of the company's stock after purchasing an additional 5,479 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in US Foods were worth $1,813,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Boston Partners raised its stake in US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company's stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares during the last quarter. Wellington Management Group LLP grew its holdings in US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock valued at $774,806,000 after buying an additional 426,288 shares in the last quarter. Invesco Ltd. grew its holdings in US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after buying an additional 1,350,034 shares in the last quarter. Primecap Management Co. CA grew its holdings in US Foods by 194.6% in the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after buying an additional 1,282,379 shares in the last quarter. Finally, Burgundy Asset Management Ltd. purchased a new stake in US Foods in the 1st quarter valued at $110,245,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 7,500 shares of the business'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. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.60% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several analysts have issued reports on the company. Barclays upped their target price on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Wells Fargo & Company restated an "overweight" rating and issued a $87.00 target price (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Morgan Stanley restated an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. UBS Group upped their target price on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday, July 28th. Finally, Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Friday, September 5th. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $81.27.

US Foods Trading Down 0.4%

Shares of USFD stock traded down $0.34 on Wednesday, hitting $77.72. The stock had a trading volume of 1,847,012 shares, compared to its average volume of 2,212,740. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. The firm has a market capitalization of $17.50 billion, a P/E ratio of 33.22, a P/E/G ratio of 1.10 and a beta of 1.39. US Foods Holding Corp. has a 1 year low of $56.65 and a 1 year high of $85.11. The company's 50 day moving average price is $79.96 and its 200-day moving average price is $73.40.

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 (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%.The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.