Millennium Management LLC raised its stake in US Foods Holding Corp (NYSE:USFD) by 15.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,463,858 shares of the company’s stock after acquiring an additional 888,163 shares during the period. Millennium Management LLC owned 2.88% of US Foods worth $206,391,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of USFD. Financial Gravity Companies Inc. acquired a new position in US Foods in the fourth quarter valued at approximately $132,000. Cerebellum GP LLC acquired a new position in US Foods in the fourth quarter valued at approximately $135,000. American International Group Inc. acquired a new position in US Foods in the fourth quarter valued at approximately $137,000. Tower Research Capital LLC TRC boosted its stake in US Foods by 2,909.3% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock valued at $196,000 after acquiring an additional 5,935 shares during the period. Finally, Brown Advisory Inc. acquired a new position in US Foods in the third quarter valued at approximately $214,000. Institutional investors own 99.83% of the company’s stock.
In related news, insider David A. Rickard sold 17,176 shares of the business’s stock in a transaction that occurred on Tuesday, February 20th. The stock was sold at an average price of $32.44, for a total transaction of $557,189.44. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at $976,638.64. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Pietro Satriano sold 163,284 shares of the business’s stock in a transaction that occurred on Friday, February 16th. The stock was sold at an average price of $33.04, for a total value of $5,394,903.36. Following the sale, the chief executive officer now directly owns 340,989 shares in the company, valued at approximately $11,266,276.56. The disclosure for this sale can be found here. In the last three months, insiders have sold 644,029 shares of company stock worth $21,423,827. 1.56% of the stock is owned by corporate insiders.
Shares of US Foods Holding Corp (NYSE:USFD) opened at $34.01 on Wednesday. US Foods Holding Corp has a twelve month low of $25.43 and a twelve month high of $35.10. The company has a market capitalization of $7,358.01, a P/E ratio of 26.72, a P/E/G ratio of 0.93 and a beta of 0.43. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 1.33.
US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 15th. The company reported $0.33 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). US Foods had a return on equity of 10.70% and a net margin of 1.84%. The firm had revenue of $6 billion for the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the previous year, the firm earned $0.53 EPS. US Foods’s revenue for the quarter was up 5.6% on a year-over-year basis. analysts expect that US Foods Holding Corp will post 1.95 EPS for the current year.
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About US Foods
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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