Neuberger Berman Group LLC raised its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,756,928 shares of the company’s stock after purchasing an additional 84,240 shares during the period. Neuberger Berman Group LLC owned 3.14% of US Foods worth $221,425,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. American Century Companies Inc. purchased a new position in shares of US Foods during the 1st quarter worth approximately $92,225,000. Timucuan Asset Management Inc. FL purchased a new position in shares of US Foods during the 4th quarter worth approximately $49,690,000. Two Sigma Advisers LP grew its holdings in shares of US Foods by 47.3% during the 4th quarter. Two Sigma Advisers LP now owns 3,488,013 shares of the company’s stock worth $111,372,000 after acquiring an additional 1,120,680 shares during the period. York Capital Management Global Advisors LLC purchased a new position in shares of US Foods during the 4th quarter worth approximately $33,952,000. Finally, Millennium Management LLC grew its holdings in shares of US Foods by 15.9% during the 4th quarter. Millennium Management LLC now owns 6,463,858 shares of the company’s stock worth $206,391,000 after acquiring an additional 888,163 shares during the period.
US Foods opened at $34.07 on Tuesday, MarketBeat reports. The company has a current ratio of 1.32, a quick ratio of 0.78 and a debt-to-equity ratio of 1.23. The company has a market capitalization of $7.36 billion, a P/E ratio of 37.44, a P/E/G ratio of 0.97 and a beta of 0.47. US Foods Holding Corp. has a twelve month low of $34.01 and a twelve month high of $34.54.
US Foods (NYSE:USFD) last posted its quarterly earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, topping the consensus estimate of $0.32 by $0.03. The company had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.98 billion. US Foods had a return on equity of 11.56% and a net margin of 2.00%. The firm’s quarterly revenue was up .6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.18 EPS. analysts expect that US Foods Holding Corp. will post 2.07 EPS for the current fiscal year.
In other US Foods news, 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 transaction of $557,189.44. Following the sale, the insider now directly owns 30,106 shares in the company, valued at approximately $976,638.64. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Pietro Satriano sold 163,284 shares of the stock in a transaction on Friday, February 16th. The shares were 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 owns 340,989 shares in the company, valued at $11,266,276.56. The disclosure for this sale can be found here. Insiders sold a total of 803,603 shares of company stock worth $26,855,726 in the last 90 days. 0.57% of the stock is currently owned by company insiders.
A number of research analysts have weighed in on the company. Morgan Stanley upgraded US Foods from an “equal weight” rating to an “overweight” rating in a report on Tuesday. Pivotal Research reiterated a “hold” rating and set a $33.00 target price on shares of US Foods in a report on Monday, May 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $38.00 target price (up previously from $36.00) on shares of US Foods in a report on Tuesday, May 1st. Credit Suisse Group assumed coverage on US Foods in a report on Tuesday, April 17th. They set an “outperform” rating and a $40.00 target price on the stock. Finally, JPMorgan Chase upped their target price on US Foods from $36.00 to $37.00 and gave the stock an “overweight” rating in a report on Friday, March 23rd. Five equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $37.08.
US Foods Profile
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.
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