US Foods Holding Corp. $USFD Shares Acquired by Vident Advisory LLC

Key Points

• Vident Advisory LLC increased its stake in US Foods Holding Corp. by 118.1% in the first quarter, owning a total of 7,332 shares valued at $480,000.
• Several institutional investors, including Boston Partners and Primecap Management Co., also raised their stakes, with hedge funds now owning 98.76% of US Foods' stock.
• US Foods reported a quarterly EPS of $1.19, exceeding estimates, and had a revenue of $10.08 billion, despite slightly missing analyst expectations.

Vident Advisory LLC lifted its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 118.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,332 shares of the company's stock after acquiring an additional 3,971 shares during the quarter. Vident Advisory LLC's holdings in US Foods were worth $480,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of 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 in the last quarter. Wellington Management Group LLP raised its stake in shares of US Foods by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company's stock worth $774,806,000 after buying an additional 426,288 shares during the last quarter. Invesco Ltd. boosted its position in shares of US Foods by 21.8% in the 1st 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. Primecap Management Co. CA grew its stake 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 acquiring an additional 1,282,379 shares during the last quarter. Finally, Burgundy Asset Management Ltd. acquired a new stake in US Foods in the 1st quarter valued at about $110,245,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on USFD shares. JPMorgan Chase & Co. lifted their target price on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Morgan Stanley restated an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Wells Fargo & Company reiterated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. UBS Group raised 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 upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, September 5th. Two investment 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 stock. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus price target of $81.27.

US Foods Trading Down 0.4%

US Foods stock traded down $0.34 during trading on Wednesday, hitting $77.72. The company's stock had a trading volume of 1,847,012 shares, compared to its average volume of 2,212,740. The stock's fifty day moving average is $79.96 and its 200 day moving average is $73.40. US Foods Holding Corp. has a 1-year low of $56.65 and a 1-year high of $85.11. The stock has a market capitalization of $17.50 billion, a price-to-earnings ratio of 33.22, a P/E/G ratio of 1.10 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 (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the business earned $0.93 EPS. The firm's revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Buying and Selling

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 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 owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.60% of the company's stock.

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.