Brant Point Investment Management LLC Has $10.59 Million Stock Holdings in US Foods Holding Corp. $USFD

Brant Point Investment Management LLC cut its stake in US Foods Holding Corp. (NYSE:USFD) by 6.5% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 137,498 shares of the company’s stock after selling 9,606 shares during the period. US Foods accounts for approximately 1.1% of Brant Point Investment Management LLC’s portfolio, making the stock its 8th largest position. Brant Point Investment Management LLC’s holdings in US Foods were worth $10,589,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. Boston Partners raised its position 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 worth $1,076,225,000 after acquiring an additional 3,713,345 shares in the last quarter. Norges Bank purchased a new stake in US Foods in the second quarter worth $184,413,000. Burgundy Asset Management Ltd. bought a new position in US Foods in the first quarter worth $110,245,000. Primecap Management Co. CA raised its holdings in US Foods by 84.4% in the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock worth $275,750,000 after purchasing an additional 1,639,310 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in US Foods by 120.3% during the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock valued at $162,853,000 after buying an additional 1,385,521 shares during the period. 98.76% of the stock is owned by institutional investors.

US Foods Trading Down 1.3%

Shares of NYSE USFD opened at $75.16 on Monday. The firm’s 50 day moving average price is $74.79 and its 200-day moving average price is $77.34. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-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. The company has a market cap of $16.76 billion, a PE ratio of 31.32, a P/E/G ratio of 1.01 and a beta of 1.03.

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

Insider Activity

In other news, insider Steven Guberman sold 58,632 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research report on Monday, December 1st. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Guggenheim raised their target price on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Barclays lowered their target price on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $82.00.

About US Foods

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.