Hook Mill Capital Partners LP boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 12.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 178,973 shares of the company’s stock after purchasing an additional 19,468 shares during the period. US Foods makes up approximately 1.4% of Hook Mill Capital Partners LP’s holdings, making the stock its 29th biggest position. Hook Mill Capital Partners LP owned about 0.08% of US Foods worth $13,783,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of USFD. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Foods during the first quarter worth $31,000. MAI Capital Management raised its holdings in US Foods by 155.6% during the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after buying an additional 322 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of US Foods by 58.7% in the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock worth $42,000 after buying an additional 200 shares during the period. Assetmark Inc. boosted its holdings in shares of US Foods by 41.1% in the second quarter. Assetmark Inc. now owns 931 shares of the company’s stock worth $72,000 after buying an additional 271 shares during the period. Finally, Rosenberg Matthew Hamilton increased its position in shares of US Foods by 1,474.0% in the second quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock worth $88,000 after acquiring an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.
Insider Activity at US Foods
In related news, insider Steven Guberman sold 58,632 shares of the company’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the completion of the sale, the insider directly owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This represents a 34.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
US Foods Trading Down 0.4%
US Foods (NYSE:USFD – Get Free Report) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the previous year, the firm earned $0.85 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analysts Set New Price Targets
Several brokerages recently commented on USFD. Piper Sandler upped their price target on shares of US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Barclays dropped their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research note on Monday. Finally, Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, US Foods presently has an average rating of “Buy” and a consensus target price of $82.00.
View Our Latest Analysis on US Foods
US Foods Company Profile
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.
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