Blue Sky Asset Management LLC acquired a new stake in US Foods Holding Corp (NYSE:USFD) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 12,960 shares of the company’s stock, valued at approximately $414,000.
Other institutional investors and hedge funds also recently modified their holdings of the company. Cerebellum GP LLC bought a new position in shares of US Foods in the fourth quarter valued at about $135,000. CrestPoint Capital Management LLC bought a new position in shares of US Foods in the fourth quarter valued at about $224,000. Brown Advisory Inc. bought a new position in shares of US Foods in the third quarter valued at about $214,000. BB&T Corp bought a new position in shares of US Foods in the fourth quarter valued at about $259,000. Finally, Atria Investments LLC bought a new position in shares of US Foods in the fourth quarter valued at about $307,000. 97.10% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on USFD shares. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, November 10th. Royal Bank of Canada restated a “buy” rating and issued a $38.00 price target on shares of US Foods in a research note on Friday, February 2nd. Guggenheim restated a “buy” rating and issued a $40.00 price target on shares of US Foods in a research note on Sunday, January 28th. Finally, Barclays downgraded shares of US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price target on the stock. in a research note on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $33.67.
US Foods (NYSE:USFD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.42 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.10. US Foods had a net margin of 1.11% and a return on equity of 12.64%. research analysts anticipate that US Foods Holding Corp will post 1.16 EPS for the current fiscal year.
In related news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the company’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $28.00, for a total value of $559,377,644.00. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 1.56% of the company’s stock.
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US Foods Company Profile
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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