Gotham Asset Management LLC acquired a new position in shares of US Foods Holding Corp (NYSE:USFD) during the 4th quarter, according to its most recent filing with the SEC. The institutional investor acquired 27,582 shares of the company’s stock, valued at approximately $881,000.
Other hedge funds also recently made changes to their positions in the company. Financial Gravity Companies Inc. purchased a new position in shares of US Foods during the 4th quarter worth about $132,000. Cerebellum GP LLC purchased a new position in shares of US Foods during the 4th quarter worth about $135,000. American International Group Inc. purchased a new position in shares of US Foods during the 4th quarter worth about $137,000. Tower Research Capital LLC TRC lifted its holdings in shares of 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 acquiring an additional 5,935 shares during the period. Finally, ETRADE Capital Management LLC purchased a new position in shares of US Foods during the 4th quarter worth about $214,000. Institutional investors and hedge funds own 99.83% of the company’s stock.
Shares of NYSE:USFD opened at $32.77 on Friday. The company has a debt-to-equity ratio of 1.33, a current ratio of 1.41 and a quick ratio of 0.80. US Foods Holding Corp has a 52-week low of $25.43 and a 52-week high of $35.10. The company has a market capitalization of $7,050.33, a price-to-earnings ratio of 36.01, a PEG ratio of 0.99 and a beta of 0.43.
In other US Foods news, CEO Pietro Satriano sold 163,284 shares of the stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $33.04, for a total value of $5,394,903.36. Following the completion of the sale, the chief executive officer now owns 340,989 shares of the company’s stock, valued at $11,266,276.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider David A. Rickard sold 17,176 shares of the stock in a transaction that occurred on Tuesday, February 20th. The shares were sold at an average price of $32.44, for a total transaction of $557,189.44. Following the completion of the sale, the insider now directly owns 30,106 shares of the company’s stock, valued at approximately $976,638.64. The disclosure for this sale can be found here. Insiders sold 644,029 shares of company stock valued at $21,423,827 in the last ninety days. 0.57% of the stock is owned by corporate insiders.
Several brokerages have recently weighed in on USFD. Royal Bank of Canada reiterated a “buy” rating and set a $38.00 price objective on shares of US Foods in a report on Friday, February 2nd. Morgan Stanley reissued an “equal weight” rating and set a $40.00 target price (up previously from $38.00) on shares of US Foods in a research report on Friday, March 16th. Zacks Investment Research raised shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $37.00 target price for the company in a research report on Thursday, February 22nd. Guggenheim reissued a “buy” rating and set a $40.00 target price on shares of US Foods in a research report 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 target price for the company. in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $36.67.
About US Foods
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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