Wellington Management Group LLP Purchases 426,288 Shares of US Foods Holding Corp. $USFD

Key Points

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Wellington Management Group LLP grew its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.7% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,836,323 shares of the company's stock after acquiring an additional 426,288 shares during the quarter. Wellington Management Group LLP owned 5.13% of US Foods worth $774,806,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of USFD. Barclays PLC lifted its position in shares of US Foods by 44.7% in the 4th quarter. Barclays PLC now owns 236,607 shares of the company's stock worth $15,960,000 after acquiring an additional 73,050 shares during the period. Mariner LLC lifted its stake in US Foods by 4.4% during the fourth quarter. Mariner LLC now owns 22,619 shares of the company's stock worth $1,526,000 after purchasing an additional 943 shares during the period. Jump Financial LLC bought a new position in US Foods during the fourth quarter worth about $243,000. NewEdge Advisors LLC lifted its stake in US Foods by 10.3% during the fourth quarter. NewEdge Advisors LLC now owns 27,611 shares of the company's stock worth $1,863,000 after purchasing an additional 2,582 shares during the period. Finally, Marshall Wace LLP lifted its stake in US Foods by 179.1% during the fourth quarter. Marshall Wace LLP now owns 26,781 shares of the company's stock worth $1,807,000 after purchasing an additional 17,187 shares during the period. Institutional investors own 98.76% of the company's stock.

US Foods Stock Performance

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

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

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. The trade was a 6.12% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

USFD has been the subject of a number of analyst reports. Citigroup initiated coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. Morgan Stanley restated an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. UBS Group raised their price target on shares of US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $80.55.

US Foods 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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