Verition Fund Management LLC Boosts Position in US Foods Holding Corp (USFD)

Verition Fund Management LLC lifted its position in shares of US Foods Holding Corp (NYSE:USFD) by 579.7% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 98,484 shares of the company’s stock after acquiring an additional 83,995 shares during the period. Verition Fund Management LLC’s holdings in US Foods were worth $3,227,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the stock. Meeder Asset Management Inc. grew its stake in US Foods by 181.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock worth $109,000 after buying an additional 2,148 shares during the last quarter. Financial Gravity Companies Inc. bought a new position in US Foods during the 4th quarter worth $132,000. American International Group Inc. bought a new position in US Foods during the 4th quarter worth $137,000. Tower Research Capital LLC TRC grew its stake in US Foods by 2,909.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock worth $196,000 after buying an additional 5,935 shares during the last quarter. Finally, ETRADE Capital Management LLC bought a new position in US Foods during the 4th quarter worth $214,000.

In related news, insider Jay Kvasnicka sold 42,685 shares of the firm’s stock in a transaction dated Friday, June 8th. The stock was sold at an average price of $37.18, for a total transaction of $1,587,028.30. Following the completion of the transaction, the insider now owns 22,293 shares of the company’s stock, valued at $828,853.74. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Pietro Satriano sold 159,574 shares of the firm’s stock in a transaction dated Wednesday, May 9th. The shares were sold at an average price of $34.04, for a total value of $5,431,898.96. Following the transaction, the chief executive officer now directly owns 191,593 shares of the company’s stock, valued at approximately $6,521,825.72. The disclosure for this sale can be found here. Insiders have sold 210,847 shares of company stock valued at $7,340,720 in the last ninety days. Company insiders own 0.57% of the company’s stock.



A number of research analysts recently commented on the company. Loop Capital set a $32.00 price objective on US Foods and gave the stock a “hold” rating in a research note on Wednesday, February 14th. TheStreet upgraded US Foods from a “c” rating to a “b-” rating in a research note on Friday, May 25th. Pivotal Research restated a “hold” rating and set a $33.00 price objective (up from $31.00) on shares of US Foods in a research note on Sunday, February 18th. Morgan Stanley upped their price objective on US Foods from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 16th. Finally, Credit Suisse Group began coverage on US Foods in a research note on Tuesday, April 17th. They set an “outperform” rating and a $40.00 price objective for the company. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $37.92.

US Foods opened at $37.18 on Thursday, Marketbeat reports. US Foods Holding Corp has a 1 year low of $25.43 and a 1 year high of $37.65. The firm has a market capitalization of $7.98 billion, a PE ratio of 40.86, a price-to-earnings-growth ratio of 0.75 and a beta of 0.50. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 1.23.

US Foods (NYSE:USFD) last released its quarterly earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.32 by $0.03. US Foods had a return on equity of 11.56% and a net margin of 2.00%. The company had revenue of $5.82 billion during the quarter, compared to analysts’ expectations of $5.98 billion. During the same quarter in the prior year, the business posted $0.18 earnings per share. The company’s revenue for the quarter was up .6% compared to the same quarter last year. sell-side analysts predict that US Foods Holding Corp will post 2.06 earnings per share for the current year.

US Foods Profile

US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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