Arrowstreet Capital Limited Partnership Purchases 410,217 Shares of US Foods Holding Corp. $USFD

Arrowstreet Capital Limited Partnership raised its position in US Foods Holding Corp. (NYSE:USFD) by 40.5% in the second quarter, HoldingsChannel.com reports. The fund owned 1,422,207 shares of the company’s stock after purchasing an additional 410,217 shares during the quarter. Arrowstreet Capital Limited Partnership’s holdings in US Foods were worth $109,524,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Boston Partners raised its holdings in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares during the period. Wellington Management Group LLP increased its position in US Foods by 3.7% during the first quarter. Wellington Management Group LLP now owns 11,836,323 shares of the company’s stock worth $774,806,000 after buying an additional 426,288 shares during the last quarter. Invesco Ltd. raised its stake in US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock valued at $493,964,000 after buying an additional 1,350,034 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of US Foods by 2.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company’s stock valued at $472,449,000 after buying an additional 161,749 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of US Foods by 1.3% in the second quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company’s stock valued at $307,044,000 after buying an additional 52,361 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at US Foods

In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the completion of the sale, the insider directly owned 113,410 shares in the company, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.60% of the company’s stock.

US Foods Stock Down 1.8%

USFD opened at $75.64 on Thursday. The stock has a fifty day moving average of $74.83 and a 200-day moving average of $77.35. The company has a market capitalization of $16.86 billion, a P/E ratio of 31.52, a P/E/G ratio of 1.04 and a beta of 1.03. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.11. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. US Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same period last year, the firm earned $0.85 earnings per share. On average, equities analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the company. Piper Sandler increased their price target on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company reiterated an “overweight” rating and issued a $87.00 price objective (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a research note on Monday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Finally, Barclays decreased their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, US Foods presently has an average rating of “Buy” and an average target price of $82.00.

US Foods Company Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.