Massachusetts Financial Services Co. MA Increases Stake in US Foods Holding Corp (USFD)

Massachusetts Financial Services Co. MA grew its stake in shares of US Foods Holding Corp (NYSE:USFD) by 69.3% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,531,833 shares of the company’s stock after purchasing an additional 1,445,113 shares during the period. Massachusetts Financial Services Co. MA’s holdings in US Foods were worth $108,852,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in USFD. First Mercantile Trust Co. bought a new stake in shares of US Foods during the 2nd quarter valued at about $122,000. SG Americas Securities LLC bought a new stake in shares of US Foods during the 2nd quarter valued at about $123,000. Nisa Investment Advisors LLC bought a new stake in shares of US Foods during the 2nd quarter valued at about $189,000. First Hawaiian Bank bought a new stake in shares of US Foods during the 3rd quarter valued at about $190,000. Finally, First Republic Investment Management Inc. bought a new stake in shares of US Foods during the 2nd quarter valued at about $203,000.

Shares of US Foods stock opened at $29.61 on Wednesday. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.81. The stock has a market capitalization of $6.27 billion, a price-to-earnings ratio of 32.54, a PEG ratio of 0.58 and a beta of 0.13. US Foods Holding Corp has a 52-week low of $25.43 and a 52-week high of $40.92.

US Foods (NYSE:USFD) last issued its earnings results on Monday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.32 billion. US Foods had a return on equity of 12.66% and a net margin of 2.25%. The firm’s quarterly revenue was up .0% on a year-over-year basis. During the same period last year, the firm posted $0.37 earnings per share. As a group, research analysts predict that US Foods Holding Corp will post 1.97 EPS for the current year.

Several equities research analysts recently commented on USFD shares. Wells Fargo & Co boosted their price objective on shares of US Foods from $42.00 to $48.00 and gave the stock a “$39.60” rating in a research note on Wednesday, July 18th. They noted that the move was a valuation call. Jefferies Financial Group set a $45.00 price objective on shares of US Foods and gave the stock a “buy” rating in a research note on Tuesday, July 31st. Morgan Stanley dropped their price objective on shares of US Foods from $43.00 to $41.00 and set a “buy” rating on the stock in a research note on Tuesday, July 31st. Credit Suisse Group dropped their price objective on shares of US Foods from $40.00 to $37.00 and set a “buy” rating on the stock in a research note on Tuesday, July 31st. Finally, Citigroup dropped their price objective on shares of US Foods from $45.00 to $39.00 and set a “buy” rating on the stock in a research note on Friday, August 17th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $38.07.

About US Foods

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.

Featured Story: Why do companies engage in swaps?

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp (NYSE:USFD).

Institutional Ownership by Quarter for US Foods (NYSE:USFD)

Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply