UBS Asset Management Americas Inc. grew its position in shares of US Foods Holding Corp (NYSE:USFD) by 22.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 172,712 shares of the company’s stock after buying an additional 31,690 shares during the period. UBS Asset Management Americas Inc.’s holdings in US Foods were worth $5,515,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Cerebellum GP LLC purchased a new stake in US Foods during the 4th quarter worth about $135,000. Brown Advisory Inc. purchased a new stake in shares of US Foods in the 3rd quarter valued at about $214,000. CrestPoint Capital Management LLC purchased a new stake in shares of US Foods in the 4th quarter valued at about $224,000. Twin Tree Management LP raised its holdings in shares of US Foods by 78.4% in the 4th quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock valued at $235,000 after acquiring an additional 3,233 shares in the last quarter. Finally, BB&T Corp purchased a new stake in shares of US Foods in the 4th quarter valued at about $259,000. 99.83% of the stock is currently owned by hedge funds and other institutional investors.
US Foods Holding Corp (NYSE USFD) opened at $34.66 on Monday. The company has a current ratio of 1.41, a quick ratio of 0.80 and a debt-to-equity ratio of 1.33. The company has a market capitalization of $7,456.98, a PE ratio of 17.51, a PEG ratio of 0.94 and a beta of 0.43. US Foods Holding Corp has a 1 year low of $25.43 and a 1 year high of $34.69.
In related news, CEO Pietro Satriano sold 163,284 shares of the firm’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 transaction of $5,394,903.36. Following the transaction, the chief executive officer now directly owns 340,989 shares in the company, valued at approximately $11,266,276.56. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David A. Rickard sold 17,176 shares of the firm’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 value of $557,189.44. Following the transaction, the insider now owns 30,106 shares in the company, valued at $976,638.64. The disclosure for this sale can be found here. Insiders have sold a total of 584,724 shares of company stock worth $19,376,619 over the last quarter. Corporate insiders own 1.56% of the company’s stock.
Several analysts have weighed in on USFD shares. Zacks Investment Research cut US Foods from a “buy” rating to a “hold” rating in a report on Friday, January 12th. BMO Capital Markets set a $37.00 price target on US Foods and gave the company a “hold” rating in a report on Thursday, February 15th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $38.00 price target on shares of US Foods in a report on Tuesday, February 13th. Morgan Stanley raised their price target on US Foods from $37.00 to $38.00 and gave the company an “equal weight” rating in a report on Friday, February 16th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $33.00 price target (up previously from $31.00) on shares of US Foods in a report on Sunday, February 18th. Six investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $35.50.
US Foods Company 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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