Rivermont Capital Management LP Increases Holdings in US Foods Holding Corp. (NYSE:USFD)

Rivermont Capital Management LP boosted its position in US Foods Holding Corp. (NYSE:USFD) by 39.9% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 163,246 shares of the company’s stock after purchasing an additional 46,599 shares during the period. US Foods comprises 4.1% of Rivermont Capital Management LP’s investment portfolio, making the stock its 16th biggest position. Rivermont Capital Management LP’s holdings in US Foods were worth $11,013,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USFD. ProShare Advisors LLC increased its stake in shares of US Foods by 2.2% during the 4th 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. Quantinno Capital Management LP increased its position in US Foods by 41.5% during the fourth quarter. Quantinno Capital Management LP now owns 160,084 shares of the company’s stock worth $10,799,000 after buying an additional 46,968 shares in the last quarter. Man Group plc boosted its stake in shares of US Foods by 307.3% during the fourth quarter. Man Group plc now owns 414,629 shares of the company’s stock valued at $27,971,000 after acquiring an additional 312,833 shares during the last quarter. Nomura Holdings Inc. raised its stake in US Foods by 111.5% in the 4th quarter. Nomura Holdings Inc. now owns 32,134 shares of the company’s stock valued at $2,168,000 after purchasing an additional 312,134 shares during the last quarter. Finally, Maven Securities LTD purchased a new position in US Foods in the 4th quarter valued at about $219,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

USFD has been the subject of a number of recent research reports. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Tuesday. Piper Sandler lifted their target price on shares of US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research note on Tuesday, February 18th. Guggenheim reissued a “buy” rating and set a $80.00 price target on shares of US Foods in a research note on Monday. Barclays raised their price objective on US Foods from $82.00 to $85.00 and gave the stock an “overweight” rating in a report on Friday, February 14th. Finally, UBS Group upped their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $73.00.

US Foods Stock Up 1.0%

Shares of NYSE USFD opened at $74.56 on Thursday. The stock has a fifty day moving average price of $65.30 and a 200 day moving average price of $67.38. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $75.00. The company has a market cap of $17.19 billion, a P/E ratio of 36.91, a P/E/G ratio of 1.03 and a beta of 1.35.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to analysts’ expectations of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business’s quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.54 earnings per share. Research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Transactions at US Foods

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the purchase, the director now directly owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate 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.