Wells Fargo & Company MN boosted its stake in US Foods Holding Corp (NYSE:USFD) by 14.4% in the fourth quarter, HoldingsChannel reports. The firm owned 3,413,426 shares of the company’s stock after purchasing an additional 429,210 shares during the quarter. Wells Fargo & Company MN’s holdings in US Foods were worth $108,991,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of USFD. Neuberger Berman Group LLC grew its position in US Foods by 4.2% in the third quarter. Neuberger Berman Group LLC now owns 5,661,731 shares of the company’s stock valued at $151,168,000 after acquiring an additional 226,546 shares during the last quarter. Jennison Associates LLC grew its position in US Foods by 26.0% in the fourth quarter. Jennison Associates LLC now owns 2,661,131 shares of the company’s stock valued at $84,970,000 after acquiring an additional 549,234 shares during the last quarter. Governors Lane LP grew its position in US Foods by 13.3% in the fourth quarter. Governors Lane LP now owns 2,342,575 shares of the company’s stock valued at $74,798,000 after acquiring an additional 274,200 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in US Foods in the third quarter valued at about $55,586,000. Finally, First Quadrant L P CA grew its position in US Foods by 7.8% in the fourth quarter. First Quadrant L P CA now owns 951,415 shares of the company’s stock valued at $30,379,000 after acquiring an additional 68,987 shares during the last quarter. 88.54% of the stock is owned by institutional investors and hedge funds.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.00, for a total transaction of $559,377,644.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 1.56% of the company’s stock.
A number of research analysts have issued reports on the company. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, November 10th. Pivotal Research set a $33.00 target price on US Foods and gave the company a “hold” rating in a research report on Monday, February 12th. Loop Capital set a $32.00 target price on US Foods and gave the company a “hold” rating in a research report on Wednesday, February 14th. BMO Capital Markets set a $37.00 target price on US Foods and gave the company a “hold” rating in a research report on Thursday, February 15th. Finally, Morgan Stanley lifted their target price on US Foods from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The company presently has a consensus rating of “Buy” and an average target price of $35.40.
Shares of US Foods Holding Corp (NYSE:USFD) opened at $31.96 on Wednesday. The firm has a market capitalization of $7,180.00 and a PE ratio of 11.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 1.40. US Foods Holding Corp has a twelve month low of $25.43 and a twelve month high of $33.91.
US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, February 15th. The company reported $0.33 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.92 billion. US Foods had a return on equity of 10.80% and a net margin of 1.84%. The business’s revenue for the quarter was up 5.6% on a year-over-year basis. During the same quarter last year, the firm posted $0.53 earnings per share. research analysts anticipate that US Foods Holding Corp will post 1.67 EPS for the current year.
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US Foods Company Profile
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
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