Man Group plc lifted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 307.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 414,629 shares of the company's stock after acquiring an additional 312,833 shares during the period. Man Group plc owned approximately 0.18% of US Foods worth $27,971,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. Nomura Holdings Inc. raised its stake in shares of US Foods by 111.5% in the fourth quarter. Nomura Holdings Inc. now owns 32,134 shares of the company's stock valued at $2,168,000 after purchasing an additional 312,134 shares in the last quarter. Maven Securities LTD acquired a new position in US Foods in the fourth quarter worth about $219,000. LMR Partners LLP lifted its position in shares of US Foods by 16.2% during the 4th quarter. LMR Partners LLP now owns 286,813 shares of the company's stock worth $19,348,000 after buying an additional 40,000 shares during the period. Interval Partners LP boosted its stake in shares of US Foods by 2.4% in the 4th quarter. Interval Partners LP now owns 1,306,198 shares of the company's stock valued at $88,116,000 after purchasing an additional 31,228 shares in the last quarter. Finally, Jacobs Levy Equity Management Inc. grew its holdings in shares of US Foods by 29.8% in the 4th quarter. Jacobs Levy Equity Management Inc. now owns 114,958 shares of the company's stock worth $7,755,000 after purchasing an additional 26,406 shares during the last quarter. 98.76% of the stock is owned by institutional investors.
Insider Activity
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by company insiders.
US Foods Stock Down 1.4%
Shares of USFD traded down $1.07 on Wednesday, hitting $76.77. The company's stock had a trading volume of 402,357 shares, compared to its average volume of 2,016,581. The firm has a market capitalization of $17.76 billion, a price-to-earnings ratio of 37.99, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $78.18. The firm's fifty day moving average price is $66.30 and its 200-day moving average price is $67.85.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results 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 15.03% and a net margin of 1.30%. The firm had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the company posted $0.54 earnings per share. The business's revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analyst Upgrades and Downgrades
A number of equities analysts have commented on USFD shares. Barclays boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research note on Friday, February 14th. JPMorgan Chase & Co. boosted their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a report on Tuesday. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Tuesday, May 13th. Guggenheim reaffirmed a "buy" rating and set a $80.00 target price on shares of US Foods in a report on Monday, May 12th. Finally, Truist Financial raised their price target on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Buy" and a consensus price target of $74.18.
Check Out Our Latest Report on USFD
US Foods Profile
(
Free Report)
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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