Voya Investment Management LLC Has $16.01 Million Stock Holdings in US Foods Holding Corp. $USFD

Key Points

• Voya Investment Management LLC increased its stake in US Foods Holding Corp. by 27.7%, owning 244,629 shares valued at approximately $16.01 million as of the latest filing.
• Multiple institutional investors, including Boston Partners and AQR Capital Management LLC, have also significantly increased their positions in US Foods during the first quarter, reflecting strong interest in the stock.
• Analysts have raised their price targets for US Foods, with UBS Group setting a new target of $96.00 and multiple firms giving the stock an overall consensus rating of "Buy."

Voya Investment Management LLC increased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 27.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 244,629 shares of the company's stock after acquiring an additional 53,081 shares during the quarter. Voya Investment Management LLC owned 0.11% of US Foods worth $16,013,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners increased its position in shares of US Foods by 29.1% in 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 last quarter. Wellington Management Group LLP lifted its position 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 valued at $774,806,000 after buying an additional 426,288 shares in the last quarter. Invesco Ltd. raised its holdings in shares of US Foods by 21.8% during the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock worth $493,964,000 after acquiring an additional 1,350,034 shares in the last quarter. AQR Capital Management LLC increased its position in shares of US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company's stock valued at $162,853,000 after purchasing an additional 1,385,521 shares during the last quarter. Finally, Primecap Management Co. CA grew its position 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. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research firms have commented on USFD. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Wells Fargo & Company restated an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Citigroup initiated coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. Barclays raised their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, UBS Group increased 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. Two research 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 stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $81.27.

US Foods Stock Performance

USFD opened at $79.39 on Tuesday. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11. The stock has a market cap of $17.88 billion, a price-to-earnings ratio of 33.93, a PEG ratio of 1.11 and a beta of 1.39. The business has a 50 day moving average of $80.03 and a 200-day moving average of $73.65. 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 (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share 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 for the quarter, compared to the consensus estimate of $10.17 billion. During the same quarter last year, the business posted $0.93 EPS. US Foods's revenue for the quarter was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction 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 in the company, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. 0.60% of the stock is currently owned by company insiders.

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.

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