Clearbridge Investments LLC grew its position in US Foods Holding Corp (NYSE:USFD) by 36.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 1,438,606 shares of the company’s stock after acquiring an additional 382,493 shares during the quarter. Clearbridge Investments LLC owned approximately 0.64% of US Foods worth $45,935,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds and other institutional investors have also recently modified their holdings of USFD. Schwab Charles Investment Management Inc. increased its holdings in shares of US Foods by 15.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 467,000 shares of the company’s stock valued at $12,469,000 after acquiring an additional 63,743 shares during the last quarter. Thornburg Investment Management Inc. bought a new stake in shares of US Foods in the 3rd quarter valued at approximately $55,586,000. Brown Advisory Inc. bought a new stake in shares of US Foods in the 3rd quarter valued at approximately $214,000. Dimensional Fund Advisors LP bought a new stake in shares of US Foods in the 3rd quarter valued at approximately $19,197,000. Finally, Strategic Global Advisors LLC increased its holdings in shares of US Foods by 49.7% in the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock valued at $323,000 after acquiring an additional 4,016 shares during the last quarter. Institutional investors and hedge funds own 99.83% of the company’s stock.
USFD has been the subject of a number of analyst reports. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $36.00 price objective for the company in a research report on Saturday, February 3rd. Royal Bank of Canada restated a “buy” rating and set a $38.00 price objective on shares of US Foods in a research report on Friday, February 2nd. Guggenheim restated a “buy” rating and set a $40.00 price objective on shares of US Foods in a research report on Sunday, January 28th. Morgan Stanley boosted their price objective on US Foods from $37.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 16th. Finally, Barclays lowered US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective for the company. in a research report on Tuesday, January 16th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. US Foods currently has a consensus rating of “Buy” and an average target price of $35.50.
US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, February 15th. The company reported $0.33 EPS for the quarter, missing the Zacks’ 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 during the quarter, compared to the consensus estimate of $5.92 billion. During the same period in the prior year, the firm posted $0.53 EPS. The firm’s quarterly revenue was up 5.6% on a year-over-year basis. research analysts forecast that US Foods Holding Corp will post 1.95 earnings per share for the current fiscal year.
In other news, Director John Anthony Lederer sold 305,562 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $33.20, for a total transaction of $10,144,658.40. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Jay Kvasnicka sold 59,305 shares of the business’s stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.52, for a total value of $2,047,208.60. Following the sale, the insider now directly owns 18,862 shares in the company, valued at $651,116.24. The disclosure for this sale can be found here. Insiders sold a total of 644,029 shares of company stock worth $21,423,827 in the last three months. Company insiders own 1.56% of the company’s stock.
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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