Cerebellum GP LLC lifted its holdings in US Foods Holding Corp (NYSE:USFD) by 19.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,873 shares of the company’s stock after acquiring an additional 1,131 shares during the quarter. Cerebellum GP LLC’s holdings in US Foods were worth $240,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also made changes to their positions in USFD. Allen Investment Management LLC increased its position in shares of US Foods by 12.1% in the 1st quarter. Allen Investment Management LLC now owns 4,026,260 shares of the company’s stock valued at $140,557,000 after buying an additional 433,623 shares in the last quarter. Mercer Global Advisors Inc. ADV bought a new stake in shares of US Foods in the 1st quarter valued at $2,455,000. MUFG Securities EMEA plc bought a new stake in shares of US Foods in the 4th quarter valued at $12,137,000. Longview Partners Guernsey LTD increased its holdings in US Foods by 6.4% during the 4th quarter. Longview Partners Guernsey LTD now owns 15,730,376 shares of the company’s stock worth $497,709,000 after purchasing an additional 945,238 shares in the last quarter. Finally, Vanguard Group Inc increased its holdings in US Foods by 8.2% during the 3rd quarter. Vanguard Group Inc now owns 19,776,137 shares of the company’s stock worth $609,500,000 after purchasing an additional 1,496,976 shares in the last quarter. 96.17% of the stock is currently owned by institutional investors and hedge funds.
USFD has been the subject of a number of research reports. Pivotal Research reiterated a “hold” rating and set a $32.00 target price on shares of US Foods in a report on Thursday, May 9th. Zacks Investment Research downgraded shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research note on Saturday, May 11th. Finally, Buckingham Research set a $19.00 price objective on shares of Adient and gave the stock a “sell” rating in a research note on Wednesday, May 8th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. US Foods currently has an average rating of “Buy” and an average target price of $39.80.
US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, May 7th. The company reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.35 by $0.02. The firm had revenue of $6.03 billion during the quarter, compared to the consensus estimate of $5.96 billion. US Foods had a net margin of 1.69% and a return on equity of 14.10%. The business’s revenue for the quarter was up 3.6% compared to the same quarter last year. During the same period last year, the business posted $0.35 earnings per share. Sell-side analysts predict that US Foods Holding Corp will post 2.18 earnings per share for the current year.
In other news, EVP Steven Guberman sold 4,434 shares of the firm’s stock in a transaction that occurred on Thursday, June 6th. The shares were sold at an average price of $36.42, for a total transaction of $161,486.28. Following the transaction, the executive vice president now directly owns 37,013 shares of the company’s stock, valued at $1,348,013.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Dirk J. Locascio sold 21,332 shares of the firm’s stock in a transaction that occurred on Wednesday, May 8th. The stock was sold at an average price of $37.85, for a total transaction of $807,416.20. Following the transaction, the chief financial officer now directly owns 58,708 shares in the company, valued at $2,222,097.80. The disclosure for this sale can be found here. Insiders have sold 111,589 shares of company stock valued at $4,110,485 over the last 90 days. Company insiders own 0.80% of the company’s stock.
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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