Rice Hall James & Associates LLC decreased its position in shares of US Foods Holding Corp (NYSE:USFD) by 1.6% during the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 63,721 shares of the company’s stock after selling 1,007 shares during the period. Rice Hall James & Associates LLC’s holdings in US Foods were worth $2,279,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently bought and sold shares of USFD. Stevens First Principles Investment Advisors grew its holdings in shares of US Foods by 14.3% in the second quarter. Stevens First Principles Investment Advisors now owns 2,925 shares of the company’s stock worth $105,000 after purchasing an additional 365 shares during the last quarter. Comerica Bank grew its holdings in shares of US Foods by 3.4% in the first quarter. Comerica Bank now owns 12,441 shares of the company’s stock worth $437,000 after purchasing an additional 413 shares during the last quarter. WINTON GROUP Ltd grew its holdings in shares of US Foods by 6.3% in the second quarter. WINTON GROUP Ltd now owns 13,394 shares of the company’s stock worth $479,000 after purchasing an additional 799 shares during the last quarter. Signition LP grew its holdings in shares of US Foods by 1.5% in the first quarter. Signition LP now owns 58,760 shares of the company’s stock worth $2,051,000 after purchasing an additional 855 shares during the last quarter. Finally, Dean Investment Associates LLC grew its holdings in shares of US Foods by 3.9% in the first quarter. Dean Investment Associates LLC now owns 25,287 shares of the company’s stock worth $883,000 after purchasing an additional 960 shares during the last quarter. Institutional investors and hedge funds own 95.66% of the company’s stock.
In other US Foods news, EVP Steven Guberman sold 23,043 shares of the firm’s stock in a transaction that occurred on Tuesday, May 28th. The shares were sold at an average price of $36.62, for a total transaction of $843,834.66. Following the completion of the transaction, the executive vice president now directly owns 46,133 shares of the company’s stock, valued at approximately $1,689,390.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Keith D. Rohland sold 62,780 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was sold at an average price of $36.60, for a total transaction of $2,297,748.00. Following the transaction, the insider now directly owns 82,464 shares of the company’s stock, valued at $3,018,182.40. The disclosure for this sale can be found here. In the last quarter, insiders sold 90,257 shares of company stock worth $3,303,069. 0.80% of the stock is owned by insiders.
US Foods (NYSE:USFD) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.63 by $0.01. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The business had revenue of $6.44 billion during the quarter, compared to analysts’ expectations of $6.36 billion. During the same quarter last year, the company posted $0.57 earnings per share. The business’s quarterly revenue was up 4.6% on a year-over-year basis. As a group, equities analysts forecast that US Foods Holding Corp will post 2.18 EPS for the current fiscal year.
USFD has been the topic of a number of research analyst reports. Pivotal Research restated a “hold” rating and issued a $32.00 price target on shares of US Foods in a report on Thursday, May 9th. Zacks Investment Research cut shares of US Foods from a “buy” rating to a “hold” rating in a report on Friday, August 9th. Finally, Buckingham Research upgraded shares of US Foods from a “neutral” rating to a “buy” rating and upped their price target for the stock from $32.00 to $48.00 in a report on Wednesday, May 8th. Three investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $38.40.
About US Foods
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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