SG Americas Securities LLC lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 405.4% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 33,478 shares of the company’s stock after buying an additional 26,854 shares during the quarter. SG Americas Securities LLC’s holdings in US Foods were worth $1,284,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds also recently added to or reduced their stakes in USFD. Principal Financial Group Inc. grew its position in shares of US Foods by 15.3% during the first quarter. Principal Financial Group Inc. now owns 15,031 shares of the company’s stock worth $573,000 after buying an additional 1,989 shares in the last quarter. Russell Investments Group Ltd. boosted its holdings in US Foods by 5.0% in the first quarter. Russell Investments Group Ltd. now owns 156,447 shares of the company’s stock worth $5,960,000 after purchasing an additional 7,432 shares during the period. Teacher Retirement System of Texas boosted its holdings in US Foods by 22.3% in the first quarter. Teacher Retirement System of Texas now owns 24,756 shares of the company’s stock worth $944,000 after purchasing an additional 4,515 shares during the period. Sei Investments Co. boosted its holdings in US Foods by 16.2% in the first quarter. Sei Investments Co. now owns 112,687 shares of the company’s stock worth $4,201,000 after purchasing an additional 15,695 shares during the period. Finally, Panagora Asset Management Inc. boosted its holdings in US Foods by 79.6% in the first quarter. Panagora Asset Management Inc. now owns 6,704 shares of the company’s stock worth $256,000 after purchasing an additional 2,972 shares during the period. 93.39% of the stock is owned by institutional investors and hedge funds.
Shares of NYSE USFD opened at $37.51 on Thursday. US Foods Holding Corp. has a fifty-two week low of $19.82 and a fifty-two week high of $42.10. The firm’s 50-day simple moving average is $34.41 and its 200 day simple moving average is $36.58. The company has a quick ratio of 0.94, a current ratio of 1.51 and a debt-to-equity ratio of 1.51. The stock has a market cap of $8.35 billion, a P/E ratio of -375.06 and a beta of 1.81.
In related news, insider Andrew E. Iacobucci sold 16,325 shares of US Foods stock in a transaction dated Friday, September 24th. The shares were sold at an average price of $35.14, for a total transaction of $573,660.50. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.00% of the stock is owned by insiders.
A number of research firms have commented on USFD. UBS Group began coverage on shares of US Foods in a report on Thursday, July 29th. They issued a “neutral” rating and a $36.00 price objective for the company. Credit Suisse Group decreased their price objective on shares of US Foods from $47.00 to $44.00 and set an “outperform” rating for the company in a report on Tuesday, August 10th. Morgan Stanley reduced their price target on shares of US Foods from $41.00 to $40.00 and set an “equal weight” rating for the company in a report on Wednesday. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $43.00 price target for the company in a report on Tuesday. Finally, BTIG Research reissued a “buy” rating and set a $45.00 price target on shares of US Foods in a report on Friday, September 17th. Three analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus price target of $43.00.
US Foods Company Profile
US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
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