Corebridge Financial Inc. Has $16.65 Million Stake in US Foods Holding Corp. $USFD

Corebridge Financial Inc. decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 254,376 shares of the company’s stock after selling 9,174 shares during the quarter. Corebridge Financial Inc.’s holdings in US Foods were worth $16,651,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Boston Partners grew its position in shares of US Foods by 29.1% during the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after buying an additional 3,713,345 shares during the period. Wellington Management Group LLP grew its position in shares of US Foods by 3.7% during the 1st quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after buying an additional 426,288 shares during the period. Invesco Ltd. grew its position in shares of US Foods by 21.8% during the 1st quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock worth $493,964,000 after buying an additional 1,350,034 shares during the period. Ameriprise Financial Inc. grew its holdings in US Foods by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company’s stock valued at $144,119,000 after purchasing an additional 36,307 shares during the period. Finally, Northern Trust Corp grew its holdings in US Foods by 25.0% during the fourth quarter. Northern Trust Corp now owns 2,029,419 shares of the company’s stock valued at $136,905,000 after purchasing an additional 405,871 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of USFD opened at $77.4240 on Tuesday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods Holding Corp. has a twelve month low of $56.47 and a twelve month high of $85.11. The firm’s 50 day moving average price is $79.67 and its two-hundred day moving average price is $72.88. The firm has a market cap of $17.43 billion, a P/E ratio of 33.09, a PEG ratio of 1.10 and a beta of 1.44.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share 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 firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. During the same quarter in the previous year, the firm posted $0.93 earnings per share. The business’s revenue was up 3.8% on a year-over-year basis. US Foods has set its FY 2025 guidance at 3.764-3.874 EPS. On average, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. Morgan Stanley restated an “overweight” rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th. Barclays boosted their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a report on Wednesday, June 4th. Wells Fargo & Company restated an “overweight” rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. Finally, Wall Street Zen cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and a consensus price target of $80.55.

Insiders Place Their Bets

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares of the company’s stock, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

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.