Lodge Hill Capital LLC bought a new position in shares of US Foods Holding Corp (NYSE:USFD) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 425,000 shares of the company’s stock, valued at approximately $13,570,000. US Foods accounts for 1.5% of Lodge Hill Capital LLC’s investment portfolio, making the stock its 24th largest holding. Lodge Hill Capital LLC owned about 0.19% of US Foods at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Financial Gravity Companies Inc. purchased a new position in US Foods during the 4th quarter valued at about $132,000. Cerebellum GP LLC purchased a new position in US Foods during the 4th quarter valued at about $135,000. American International Group Inc. purchased a new position in shares of US Foods during the fourth quarter worth about $137,000. Tower Research Capital LLC TRC grew its holdings in shares of US Foods by 2,909.3% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock worth $196,000 after purchasing an additional 5,935 shares in the last quarter. Finally, Brown Advisory Inc. purchased a new position in shares of US Foods during the third quarter worth about $214,000. Institutional investors own 99.83% of the company’s stock.
In related news, CEO Pietro Satriano sold 163,284 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of $33.04, for a total value of $5,394,903.36. Following the sale, the chief executive officer now directly owns 340,989 shares of the company’s stock, valued at $11,266,276.56. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Rickard sold 17,176 shares of the stock in a transaction 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 completion of the sale, the insider now directly owns 30,106 shares in the company, valued at $976,638.64. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 644,029 shares of company stock worth $21,423,827. 1.56% of the stock is owned by insiders.
Several research analysts have recently commented on the company. Zacks Investment Research raised US Foods from a “hold” rating to a “buy” rating and set a $38.00 price objective for the company in a report on Saturday, January 27th. Guggenheim reissued a “buy” rating and set a $40.00 price objective on shares of US Foods in a report on Sunday, January 28th. Morgan Stanley boosted their target price on US Foods from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research report on Friday, February 16th. BMO Capital Markets set a $37.00 target price on US Foods and gave the stock a “hold” rating in a research report on Thursday, February 15th. Finally, Pivotal Research restated a “hold” rating and issued a $33.00 target price (up previously from $31.00) on shares of US Foods in a research report on Sunday, February 18th. Six equities research 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. The company currently has an average rating of “Buy” and a consensus target price of $35.50.
US Foods Holding Corp (NYSE:USFD) traded down $0.44 on Wednesday, hitting $33.57. The stock had a trading volume of 1,744,700 shares, compared to its average volume of 2,803,274. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 1.33. US Foods Holding Corp has a 52-week low of $25.43 and a 52-week high of $35.10. The stock has a market capitalization of $7,358.01, a PE ratio of 16.95, a PEG ratio of 0.93 and a beta of 0.43.
US Foods (NYSE:USFD) last posted its earnings results on Thursday, February 15th. The company reported $0.33 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.36 by ($0.03). US Foods had a net margin of 1.84% and a return on equity of 10.70%. The business had revenue of $6 billion for the quarter, compared to analysts’ expectations of $5.92 billion. During the same period last year, the firm posted $0.53 earnings per share. US Foods’s quarterly revenue was up 5.6% on a year-over-year basis. analysts forecast that US Foods Holding Corp will post 1.95 earnings per share for the current fiscal year.
COPYRIGHT VIOLATION WARNING: “Lodge Hill Capital LLC Takes Position in US Foods Holding Corp (USFD)” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are viewing this piece on another publication, it was stolen and republished in violation of international copyright and trademark law. The original version of this piece can be viewed at https://www.thelincolnianonline.com/2018/03/14/lodge-hill-capital-llc-acquires-shares-of-425000-us-foods-holding-corp-usfd.html.
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.
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.