HBK Investments L P decreased its position in US Foods Holding Corp. (NYSE:USFD) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 199,801 shares of the company’s stock after selling 30,533 shares during the quarter. HBK Investments L P owned 0.09% of US Foods worth $6,380,000 at the end of the most recent quarter.
A number of other large investors have also recently modified their holdings of the business. BlackRock Inc. grew its position in US Foods by 10.4% in the fourth quarter. BlackRock Inc. now owns 7,400,328 shares of the company’s stock valued at $236,291,000 after acquiring an additional 696,496 shares in the last quarter. 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 in the last quarter. Bank of New York Mellon Corp grew its position in shares of US Foods by 6.3% during the fourth quarter. Bank of New York Mellon Corp now owns 3,627,406 shares of the company’s stock worth $115,823,000 after buying an additional 216,383 shares in the last quarter. Two Sigma Advisers LP grew its position in shares of US Foods by 47.3% during the fourth quarter. Two Sigma Advisers LP now owns 3,488,013 shares of the company’s stock worth $111,372,000 after buying an additional 1,120,680 shares in the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of US Foods by 14.4% during the fourth quarter. Wells Fargo & Company MN now owns 3,413,426 shares of the company’s stock worth $108,991,000 after buying an additional 429,210 shares in the last quarter. 99.83% of the stock is owned by institutional investors.
US Foods stock opened at $33.19 on Friday. The firm has a market capitalization of $7,284.86, a price-to-earnings ratio of 36.47, a price-to-earnings-growth ratio of 1.02 and a beta of 0.50. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.41 and a quick ratio of 0.80. US Foods Holding Corp. has a 12 month low of $25.43 and a 12 month high of $35.10.
US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, February 15th. The company reported $0.33 EPS for the quarter, missing analysts’ consensus estimates of $0.36 by ($0.03). The business had revenue of $6 billion during the quarter, compared to analyst estimates of $5.92 billion. US Foods had a return on equity of 10.70% and a net margin of 1.84%. The business’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.53 EPS. analysts anticipate that US Foods Holding Corp. will post 1.95 earnings per share for the current fiscal year.
A number of analysts have recently weighed in on the stock. JPMorgan Chase raised their price target on shares of US Foods from $36.00 to $37.00 and gave the stock an “overweight” rating in a research report on Friday, March 23rd. BMO Capital Markets raised shares of US Foods from a “market perform” rating to an “outperform” rating and set a $40.00 price target for the company in a research report on Monday, March 19th. Morgan Stanley reissued an “equal weight” rating and set a $40.00 price target (up previously from $38.00) on shares of US Foods in a research report on Friday, March 16th. Loop Capital set a $35.00 price target on shares of US Foods and gave the stock a “hold” rating in a research report on Friday, March 16th. Finally, Zacks Investment Research downgraded shares of US Foods from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Five research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $36.67.
In other US Foods news, insider David A. Rickard sold 17,176 shares of the firm’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $32.44, for a total value of $557,189.44. Following the sale, the insider now directly owns 30,106 shares in the company, valued at $976,638.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Jay Kvasnicka sold 59,305 shares of the firm’s stock in a transaction on Friday, March 9th. The shares were sold at an average price of $34.52, for a total value of $2,047,208.60. Following the completion of the sale, the insider now owns 18,862 shares in the company, valued at $651,116.24. The disclosure for this sale can be found here. In the last ninety days, insiders sold 644,029 shares of company stock valued at $21,423,827. 0.57% of the stock is currently owned by corporate insiders.
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About US Foods
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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