Bessemer Group Inc. Has $290.94 Million Position in US Foods Holding Corp. $USFD

Bessemer Group Inc. reduced its holdings in US Foods Holding Corp. (NYSE:USFD) by 0.3% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,777,995 shares of the company’s stock after selling 10,701 shares during the quarter. Bessemer Group Inc.’s holdings in US Foods were worth $290,944,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently made changes to their positions in USFD. GAMMA Investing LLC grew its position in shares of US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company’s stock valued at $226,000 after purchasing an additional 478 shares during the last quarter. Highland Capital Management LLC grew its position in US Foods by 25.4% during the first quarter. Highland Capital Management LLC now owns 4,781 shares of the company’s stock worth $313,000 after buying an additional 969 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. grew its position in US Foods by 14.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company’s stock worth $622,000 after buying an additional 1,200 shares in the last quarter. KBC Group NV grew its position in US Foods by 11.7% during the first quarter. KBC Group NV now owns 10,023 shares of the company’s stock worth $656,000 after buying an additional 1,052 shares in the last quarter. Finally, New York State Teachers Retirement System grew its position in US Foods by 10.4% during the first quarter. New York State Teachers Retirement System now owns 160,268 shares of the company’s stock worth $10,491,000 after buying an additional 15,105 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Stock Performance

NYSE:USFD opened at $74.32 on Monday. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The firm has a 50 day moving average of $77.05 and a 200-day moving average of $75.97. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $16.73 billion, a P/E ratio of 31.76, a price-to-earnings-growth ratio of 1.04 and a beta of 1.36.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. 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 company posted $0.93 earnings per share. US Foods’s quarterly revenue was up 3.8% compared to the same quarter last year. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. As a group, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

USFD has been the topic of a number of recent research reports. Sanford C. Bernstein initiated coverage on US Foods in a research report on Wednesday. They set an “outperform” rating and a $95.00 target price on the stock. UBS Group lifted their target price on 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 raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Weiss Ratings reissued a “buy (b+)” rating on shares of US Foods in a research report on Tuesday, October 14th. Finally, Morgan Stanley restated an “overweight” rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, US Foods currently has an average rating of “Buy” and an average target price of $82.42.

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.