Great West Life Assurance Co. Can increased its holdings in shares of US Foods Holding Corp (NYSE:USFD) by 10.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 39,923 shares of the company’s stock after purchasing an additional 3,916 shares during the quarter. Great West Life Assurance Co. Can’s holdings in US Foods were worth $1,389,000 as of its most recent SEC filing.
Other institutional investors and hedge funds have also made changes to their positions in the company. Mercer Global Advisors Inc. ADV bought a new stake in US Foods during the 1st quarter valued at approximately $2,455,000. MUFG Securities EMEA plc bought a new stake in US Foods during the 4th quarter valued at approximately $12,137,000. Dean Investment Associates LLC bought a new stake in US Foods during the 4th quarter valued at approximately $770,000. Concourse Capital Management LLC bought a new stake in US Foods during the 4th quarter valued at approximately $687,000. Finally, New York State Teachers Retirement System raised its stake in US Foods by 3.8% during the 4th quarter. New York State Teachers Retirement System now owns 19,100 shares of the company’s stock valued at $604,000 after purchasing an additional 700 shares during the period. Institutional investors and hedge funds own 96.41% of the company’s stock.
In other US Foods news, CFO Dirk J. Locascio sold 21,332 shares of the company’s stock in a transaction on Wednesday, May 8th. The stock was sold at an average price of $37.85, for a total value of $807,416.20. Following the completion of the sale, the chief financial officer now directly owns 58,708 shares in the company, valued at approximately $2,222,097.80. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Steven Guberman sold 23,043 shares of the company’s stock in a transaction on Tuesday, May 28th. The stock was sold at an average price of $36.62, for a total value of $843,834.66. Following the completion of the sale, the executive vice president now owns 46,133 shares of the company’s stock, valued at $1,689,390.46. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 48,809 shares of company stock valued at $1,812,737. 0.80% of the stock is owned by company insiders.
USFD has been the topic of several recent analyst reports. Pivotal Research reissued a “hold” rating and set a $32.00 target price on shares of US Foods in a research note on Wednesday, February 13th. Buckingham Research raised US Foods from a “neutral” rating to a “buy” rating and lifted their price objective for the stock from $32.00 to $48.00 in a research note on Wednesday, May 8th. Finally, Zacks Investment Research downgraded US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The company has an average rating of “Buy” and an average target price of $39.80.
Shares of NYSE USFD traded up $0.10 during trading hours on Wednesday, hitting $36.88. 106,692 shares of the company traded hands, compared to its average volume of 1,696,043. US Foods Holding Corp has a 12 month low of $27.51 and a 12 month high of $40.92. The company has a debt-to-equity ratio of 0.99, a quick ratio of 0.82 and a current ratio of 1.39. The company has a market cap of $7.82 billion, a P/E ratio of 18.17, a P/E/G ratio of 1.95 and a beta of 0.59.
US Foods (NYSE:USFD) last posted its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. US Foods had a return on equity of 14.10% and a net margin of 1.69%. The company had revenue of $6.03 billion during the quarter, compared to analysts’ expectations of $5.96 billion. During the same quarter in the previous year, the business earned $0.35 EPS. US Foods’s revenue was up 3.6% compared to the same quarter last year. As a group, equities analysts predict that US Foods Holding Corp will post 2.18 EPS for the current year.
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US Foods Profile
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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