KLP Kapitalforvaltning AS Grows Position in US Foods Holding Corp. $USFD

KLP Kapitalforvaltning AS raised its position in US Foods Holding Corp. (NYSE:USFD) by 2.6% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,900 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. KLP Kapitalforvaltning AS’s holdings in US Foods were worth $3,689,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Boston Partners raised its holdings in shares of US Foods by 29.1% in the 1st 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 period. Wellington Management Group LLP raised its holdings in shares of US Foods by 3.7% in the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after purchasing an additional 426,288 shares during the period. Invesco Ltd. raised its holdings in shares of US Foods by 21.8% in the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after purchasing an additional 1,350,034 shares during the period. AQR Capital Management LLC raised its holdings in shares of US Foods by 120.3% in the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after purchasing an additional 1,385,521 shares during the period. Finally, Primecap Management Co. CA raised its holdings in shares of US Foods by 194.6% in the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company’s stock worth $127,084,000 after purchasing an additional 1,282,379 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Price Performance

USFD stock opened at $75.09 on Friday. 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 Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11. The stock’s 50 day moving average is $77.87 and its two-hundred day moving average is $75.04. The company has a market capitalization of $16.91 billion, a PE ratio of 32.09, a P/E/G ratio of 1.05 and a beta of 1.36.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping 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 period in the previous year, the business earned $0.93 EPS. US Foods’s revenue for the quarter 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. Analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on USFD shares. Morgan Stanley restated an “overweight” rating and issued a $89.00 price objective (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Guggenheim raised their target price on US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, August 11th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a report on Saturday, September 27th. Wells Fargo & Company reiterated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Finally, Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, US Foods presently has an average rating of “Buy” and a consensus price target of $81.27.

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.