Jennison Associates LLC Purchases New Shares in US Foods Holding Corp (NYSE:USFD)

Jennison Associates LLC purchased a new stake in US Foods Holding Corp (NYSE:USFD) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 757,121 shares of the company’s stock, valued at approximately $26,431,000. Jennison Associates LLC owned 0.35% of US Foods as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Penserra Capital Management LLC acquired a new stake in US Foods during the 4th quarter worth about $30,000. Lindbrook Capital LLC acquired a new stake in US Foods during the 4th quarter worth about $39,000. IFP Advisors Inc grew its position in US Foods by 635.1% during the 4th quarter. IFP Advisors Inc now owns 2,367 shares of the company’s stock worth $74,000 after purchasing an additional 2,045 shares during the period. Stevens First Principles Investment Advisors grew its position in US Foods by 84.2% during the 1st quarter. Stevens First Principles Investment Advisors now owns 2,560 shares of the company’s stock worth $89,000 after purchasing an additional 1,170 shares during the period. Finally, Oppenheimer Asset Management Inc. acquired a new stake in US Foods during the 4th quarter worth about $90,000. Hedge funds and other institutional investors own 96.17% of the company’s stock.

USFD traded up $0.23 during trading on Monday, reaching $35.99. The company’s stock had a trading volume of 1,277,700 shares, compared to its average volume of 1,663,489. The stock has a fifty day simple moving average of $36.47. The company has a market capitalization of $7.81 billion, a P/E ratio of 17.73, a price-to-earnings-growth ratio of 1.94 and a beta of 0.58. The company has a current ratio of 1.39, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. US Foods Holding Corp has a 1 year low of $27.51 and a 1 year high of $40.92.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.35 by $0.02. US Foods had a net margin of 1.69% and a return on equity of 14.10%. The business had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.96 billion. During the same quarter last year, the firm earned $0.35 EPS. The business’s revenue was up 3.6% compared to the same quarter last year. On average, equities analysts expect that US Foods Holding Corp will post 2.18 earnings per share for the current fiscal year.

Several equities research analysts have recently issued reports on the stock. Zacks Investment Research lowered shares of US Foods from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Buckingham Research raised shares of US Foods from a “neutral” rating to a “buy” rating and raised their price target for the company from $32.00 to $48.00 in a research note on Wednesday, May 8th. Finally, Pivotal Research reaffirmed a “hold” rating and issued a $32.00 price target on shares of US Foods in a research note on Thursday, May 9th. Five analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. US Foods presently has a consensus rating of “Buy” and a consensus price target of $39.80.

In other US Foods news, CFO Dirk J. Locascio sold 21,332 shares of the company’s stock in a transaction dated Wednesday, May 8th. The shares were sold at an average price of $37.85, for a total value of $807,416.20. Following the sale, the chief financial officer now owns 58,708 shares of the company’s stock, valued at $2,222,097.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Steven Guberman sold 4,434 shares of the company’s stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $36.42, for a total transaction of $161,486.28. Following the completion of the sale, the executive vice president now directly owns 37,013 shares in the company, valued at approximately $1,348,013.46. The disclosure for this sale can be found here. Insiders have sold 111,589 shares of company stock worth $4,110,485 over the last 90 days. 0.80% of the stock is currently owned by company insiders.

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

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