Mackenzie Financial Corp Grows Stake in US Foods Holding Corp. (NYSE:USFD)

Mackenzie Financial Corp boosted its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 3,973.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 281,665 shares of the company's stock after buying an additional 274,750 shares during the quarter. Mackenzie Financial Corp owned 0.12% of US Foods worth $18,438,000 at the end of the most recent reporting period.

A number of other institutional investors also recently bought and sold shares of USFD. LPL Financial LLC raised its holdings in shares of US Foods by 12.1% during the fourth quarter. LPL Financial LLC now owns 108,598 shares of the company's stock worth $7,326,000 after purchasing an additional 11,735 shares during the last quarter. Pictet Asset Management Holding SA raised its stake in shares of US Foods by 10.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 33,637 shares of the company's stock valued at $2,269,000 after buying an additional 3,257 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in shares of US Foods by 307.1% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock valued at $43,145,000 after buying an additional 482,461 shares during the last quarter. Schroder Investment Management Group lifted its holdings in shares of US Foods by 7.4% in the 4th quarter. Schroder Investment Management Group now owns 11,029 shares of the company's stock valued at $746,000 after buying an additional 761 shares during the period. Finally, O Shaughnessy Asset Management LLC boosted its stake in shares of US Foods by 17.3% in the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,443 shares of the company's stock worth $907,000 after buying an additional 1,982 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Down 0.1%

USFD stock traded down $0.05 during midday trading on Friday, reaching $83.28. 1,898,482 shares of the company were exchanged, compared to its average volume of 2,330,051. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. US Foods Holding Corp. has a 1-year low of $50.49 and a 1-year high of $85.11. The company has a market cap of $19.27 billion, a price-to-earnings ratio of 38.20, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The stock's 50-day simple moving average is $79.11 and its 200 day simple moving average is $71.85.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. During the same period in the previous year, the business posted $0.54 earnings per share. The company's revenue for the quarter was up 4.5% on a year-over-year basis. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

USFD has been the subject of several analyst reports. Guggenheim reiterated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Morgan Stanley reissued an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Citigroup assumed coverage on US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. Finally, JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Buy" and a consensus target price of $78.42.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. This represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company's stock.

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.