Distillate Capital Partners LLC Invests $13.95 Million in US Foods Holding Corp. (NYSE:USFD)

Distillate Capital Partners LLC acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 263,334 shares of the company’s stock, valued at approximately $13,951,000. Distillate Capital Partners LLC owned about 0.11% of US Foods as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in USFD. Massachusetts Financial Services Co. MA increased its stake in US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock worth $347,069,000 after acquiring an additional 2,064,321 shares during the last quarter. Interval Partners LP boosted its stake in shares of US Foods by 371.2% during the 2nd quarter. Interval Partners LP now owns 1,866,842 shares of the company’s stock worth $98,905,000 after purchasing an additional 1,470,630 shares during the period. Vanguard Group Inc. grew its stake in shares of US Foods by 3.6% during the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after buying an additional 796,434 shares during the last quarter. Ensign Peak Advisors Inc grew its position in US Foods by 175.8% in the 2nd quarter. Ensign Peak Advisors Inc now owns 1,090,291 shares of the company’s stock valued at $57,764,000 after acquiring an additional 694,999 shares during the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in US Foods by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock worth $239,940,000 after acquiring an additional 567,601 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Trading Up 0.1 %

Shares of US Foods stock opened at $61.66 on Tuesday. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The firm’s 50-day moving average price is $56.26 and its 200 day moving average price is $53.98. The firm has a market capitalization of $15.16 billion, a PE ratio of 30.37, a P/E/G ratio of 1.00 and a beta of 1.66. US Foods Holding Corp. has a twelve month low of $35.66 and a twelve month high of $62.34.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The business had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.73 EPS. On average, sell-side analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Analyst Ratings Changes

A number of analysts recently issued reports on the company. Truist Financial boosted their price target on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Sunday. Piper Sandler raised their price objective on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. Finally, Wells Fargo & Company upped their target price on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research report on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods currently has an average rating of “Buy” and an average price target of $66.40.

Insiders Place Their Bets

In related news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.70% of the stock is owned by insiders.

US Foods Company 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.