Federated Hermes Inc. Has $3.03 Million Stake in US Foods Holding Corp. $USFD

Federated Hermes Inc. decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 50.0% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 39,569 shares of the company’s stock after selling 39,609 shares during the period. Federated Hermes Inc.’s holdings in US Foods were worth $3,032,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Norges Bank acquired a new stake in US Foods in the 2nd quarter worth $184,413,000. Primecap Management Co. CA lifted its stake in shares of US Foods by 84.4% in the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock valued at $275,750,000 after buying an additional 1,639,310 shares during the period. Holocene Advisors LP bought a new position in US Foods during the second quarter valued at about $64,220,000. Burgundy Asset Management Ltd. raised its holdings in US Foods by 31.0% in the 2nd quarter. Burgundy Asset Management Ltd. now owns 2,206,740 shares of the company’s stock valued at $169,941,000 after acquiring an additional 522,586 shares in the last quarter. Finally, Panagora Asset Management Inc. lifted its position in shares of US Foods by 59.4% in the 2nd quarter. Panagora Asset Management Inc. now owns 1,108,800 shares of the company’s stock worth $85,389,000 after acquiring an additional 413,102 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Buying and Selling

In other 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 value of $4,221,504.00. Following 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 document filed with the SEC, which is available through the SEC website. 0.60% of the stock is owned by insiders.

US Foods Trading Up 4.2%

USFD opened at $87.87 on Wednesday. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $88.32. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The company has a 50-day simple moving average of $78.68 and a 200 day simple moving average of $77.63. The stock has a market capitalization of $19.59 billion, a price-to-earnings ratio of 36.61, a P/E/G ratio of 1.06 and a beta of 1.02.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period last year, the company posted $0.85 EPS. Analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research note on Monday, December 29th. Barclays lowered their target price on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Morgan Stanley set a $92.00 price objective on US Foods in a report on Tuesday, January 20th. Guggenheim lifted their price target on US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Citigroup boosted their price objective on shares of US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 27th. Nine research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

About US Foods

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.