Russell Investments Group Ltd. Has $9.36 Million Stock Holdings in US Foods Holding Corp. $USFD

Key Points

• Russell Investments Group Ltd. has reduced its holdings in US Foods Holding Corp. by 29.3%, now owning approximately 143,000 shares valued at $9.36 million.
• US Foods reported $1.19 earnings per share for the last quarter, surpassing analysts' expectations of $1.14, while revenues were $10.08 billion, slightly below estimates.
• Despite recent sell-offs, institutional investors hold a significant 98.76% of US Foods' stock, indicating strong market confidence in the company.

Russell Investments Group Ltd. decreased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 29.3% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 142,996 shares of the company's stock after selling 59,154 shares during the period. Russell Investments Group Ltd. owned about 0.06% of US Foods worth $9,359,000 as of its most recent filing with the SEC.

A number of other large investors have also recently bought and sold shares of the company. Invesco Ltd. grew its position in US Foods by 21.8% in the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after purchasing an additional 1,350,034 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in shares of US Foods by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock worth $144,119,000 after buying an additional 36,307 shares during the last quarter. Northern Trust Corp grew its holdings in shares of US Foods by 25.0% in the 4th quarter. Northern Trust Corp now owns 2,029,419 shares of the company's stock valued at $136,905,000 after acquiring an additional 405,871 shares in the last quarter. Primecap Management Co. CA increased its position in shares of US Foods by 194.6% in the first quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after acquiring an additional 1,282,379 shares during the last quarter. Finally, Silvercrest Asset Management Group LLC raised its holdings in US Foods by 3.4% during the fourth quarter. Silvercrest Asset Management Group LLC now owns 1,636,092 shares of the company's stock worth $110,371,000 after acquiring an additional 53,460 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Stock Performance

Shares of USFD stock opened at $76.95 on Tuesday. The company has a market capitalization of $17.33 billion, a price-to-earnings ratio of 32.88, a PEG ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17. US Foods Holding Corp. has a 52 week low of $56.47 and a 52 week high of $85.11. The company has a 50-day simple moving average of $79.53 and a 200 day simple moving average of $72.66.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The company had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The business's revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.93 earnings per share. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on USFD. Citigroup initiated coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target for the company. 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 reaffirmed an "overweight" rating and set a $89.00 price target (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Barclays lifted their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Finally, UBS Group raised their target price on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating, nine have given a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $80.55.

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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