UBS Asset Management Americas Inc. lifted its position in shares of US Foods Holding Corp (NYSE:USFD) by 22.5% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 172,712 shares of the company’s stock after purchasing an additional 31,690 shares during the quarter. UBS Asset Management Americas Inc. owned 0.08% of US Foods worth $5,515,000 at the end of the most recent reporting period.
Other large investors have also recently modified their holdings of the company. Cerebellum GP LLC acquired a new position in shares of US Foods during the fourth quarter worth approximately $135,000. CrestPoint Capital Management LLC acquired a new position in shares of US Foods during the fourth quarter worth approximately $224,000. Twin Tree Management LP grew its holdings in US Foods by 78.4% during the fourth quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock worth $235,000 after buying an additional 3,233 shares in the last quarter. Brown Advisory Inc. bought a new stake in US Foods during the third quarter worth $214,000. Finally, BB&T Corp bought a new stake in US Foods during the fourth quarter worth $259,000. 99.83% of the stock is currently owned by institutional investors.
Several equities research analysts recently issued reports on USFD shares. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $36.00 price target for the company in a report on Saturday, February 3rd. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 price target on shares of US Foods in a report on Friday, February 2nd. Guggenheim reiterated a “buy” rating and set a $40.00 price target on shares of US Foods in a report on Sunday, January 28th. Morgan Stanley upped their price target on US Foods from $37.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 16th. Finally, Barclays downgraded US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average target price of $35.50.
US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.33 earnings per share (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 the consensus estimate of $5.92 billion. US Foods had a net margin of 1.84% and a return on equity of 10.70%. The firm’s revenue for the quarter was up 5.6% compared to the same quarter last year. During the same quarter last year, the company earned $0.53 EPS. equities research analysts expect that US Foods Holding Corp will post 1.95 earnings per share for the current fiscal year.
In other US Foods news, Director John Anthony Lederer sold 305,562 shares of the company’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $33.20, for a total value of $10,144,658.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Pietro Satriano sold 163,284 shares of the company’s stock in a transaction on Friday, February 16th. The shares were sold at an average price of $33.04, for a total value of $5,394,903.36. Following the completion of the transaction, the chief executive officer now owns 340,989 shares of the company’s stock, valued at approximately $11,266,276.56. The disclosure for this sale can be found here. Insiders sold a total of 584,724 shares of company stock valued at $19,376,619 in the last 90 days. Corporate insiders own 1.56% of the company’s stock.
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US Foods 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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