Riverhead Capital Management LLC Decreases Stake in US Foods Holding Corp (NYSE:USFD)

Riverhead Capital Management LLC lowered its position in US Foods Holding Corp (NYSE:USFD) by 44.0% in the 1st quarter, HoldingsChannel reports. The fund owned 104,573 shares of the company’s stock after selling 82,259 shares during the quarter. Riverhead Capital Management LLC’s holdings in US Foods were worth $3,651,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Allen Investment Management LLC lifted its holdings in shares of US Foods by 12.1% during the 1st quarter. Allen Investment Management LLC now owns 4,026,260 shares of the company’s stock valued at $140,557,000 after buying an additional 433,623 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in shares of US Foods during the 1st quarter valued at $2,455,000. MUFG Securities EMEA plc bought a new position in shares of US Foods during the 4th quarter valued at $12,137,000. Dean Investment Associates LLC bought a new position in shares of US Foods during the 4th quarter valued at $770,000. Finally, Concourse Capital Management LLC bought a new position in shares of US Foods during the 4th quarter valued at $687,000. 96.41% of the stock is owned by hedge funds and other institutional investors.

Shares of US Foods stock traded down $0.09 during trading on Friday, reaching $36.90. 2,864 shares of the stock traded hands, compared to its average volume of 1,698,898. The firm has a market cap of $8.08 billion, a price-to-earnings ratio of 18.27, a PEG ratio of 2.00 and a beta of 0.60. The company has a quick ratio of 0.82, a current ratio of 1.39 and a debt-to-equity ratio of 0.99. US Foods Holding Corp has a 52-week low of $27.51 and a 52-week high of $40.92.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The firm had revenue of $6.03 billion during the quarter, compared to analyst estimates of $5.96 billion. US Foods had a return on equity of 14.10% and a net margin of 1.69%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $0.35 earnings per share. On average, equities analysts expect that US Foods Holding Corp will post 2.18 EPS for the current fiscal year.

In other US Foods news, EVP Steven Guberman sold 23,043 shares of the business’s stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $36.62, for a total transaction of $843,834.66. Following the completion of the transaction, the executive vice president now owns 46,133 shares in the company, valued at $1,689,390.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Dirk J. Locascio sold 21,332 shares of the business’s stock in a transaction that occurred on Wednesday, May 8th. The shares were sold at an average price of $37.85, for a total value of $807,416.20. Following the transaction, the chief financial officer now owns 58,708 shares of the company’s stock, valued at approximately $2,222,097.80. 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. Company insiders own 0.80% of the company’s stock.

USFD has been the topic of a number of recent analyst reports. Zacks Investment Research cut US Foods from a “buy” rating to a “hold” rating in a report on Saturday, May 11th. Buckingham Research raised US Foods from a “neutral” rating to a “buy” rating and raised their price target for the company from $32.00 to $48.00 in a report on Wednesday, May 8th. Finally, Pivotal Research reissued a “hold” rating and set a $32.00 price target on shares of US Foods in a report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.80.

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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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Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp (NYSE:USFD).

Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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