Brant Point Investment Management LLC Decreases Stock Position in US Foods Holding Corp. $USFD

Brant Point Investment Management LLC decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 6.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 137,498 shares of the company’s stock after selling 9,606 shares during the period. US Foods accounts for 1.1% of Brant Point Investment Management LLC’s investment portfolio, making the stock its 8th largest position. Brant Point Investment Management LLC owned about 0.06% of US Foods worth $10,589,000 as of its most recent filing with the SEC.

A number of other hedge funds have also added to or reduced their stakes in USFD. OMNI 360 Wealth Inc. purchased a new position in shares of US Foods in the 2nd quarter worth about $276,000. Artisan Partners Limited Partnership lifted its position in US Foods by 12.4% in the 2nd quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock worth $247,003,000 after buying an additional 354,747 shares during the last quarter. Lecap Asset Management Ltd. bought a new stake in US Foods in the 2nd quarter worth approximately $1,195,000. Vestmark Advisory Solutions Inc. purchased a new stake in US Foods in the second quarter worth approximately $3,324,000. Finally, Voya Investment Management LLC grew its position in US Foods by 27.7% during the first quarter. Voya Investment Management LLC now owns 244,629 shares of the company’s stock valued at $16,013,000 after acquiring an additional 53,081 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the subject of a number of recent research reports. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research note on Monday, December 1st. Guggenheim upped their price target on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Barclays decreased their price objective on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Piper Sandler increased their target price on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a report on Tuesday, September 2nd. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $82.00.

Insider Activity

In other news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider directly owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.60% of the company’s stock.

US Foods Price Performance

USFD stock opened at $75.16 on Monday. The stock has a market capitalization of $16.76 billion, a price-to-earnings ratio of 31.32, a PEG ratio of 1.01 and a beta of 1.03. The firm’s 50-day moving average price is $74.79 and its two-hundred day moving average price is $77.34. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period last year, the firm earned $0.85 earnings per share. US Foods’s quarterly revenue was up 4.8% on a year-over-year basis. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.