Massachusetts Financial Services Co. MA Raises Stake in US Foods Holding Corp. (USFD)

Massachusetts Financial Services Co. MA lifted its position in US Foods Holding Corp. (NYSE:USFD) by 14.7% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,652,644 shares of the company’s stock after acquiring an additional 211,763 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.77% of US Foods worth $54,158,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System boosted its position in US Foods by 41.4% during the 1st quarter. State Board of Administration of Florida Retirement System now owns 112,140 shares of the company’s stock valued at $3,675,000 after purchasing an additional 32,820 shares during the period. Balter Liquid Alternatives LLC boosted its position in US Foods by 46.7% during the 1st quarter. Balter Liquid Alternatives LLC now owns 31,642 shares of the company’s stock valued at $1,037,000 after purchasing an additional 10,066 shares during the period. Parametrica Management Ltd acquired a new position in US Foods during the 1st quarter valued at approximately $259,000. American Century Companies Inc. acquired a new position in US Foods during the 1st quarter valued at approximately $92,225,000. Finally, Trexquant Investment LP acquired a new position in US Foods during the 1st quarter valued at approximately $3,107,000.

In other news, CEO Pietro Satriano sold 159,574 shares of the business’s stock in a transaction on Wednesday, May 9th. The stock was sold at an average price of $34.04, for a total value of $5,431,898.96. Following the sale, the chief executive officer now owns 191,593 shares of the company’s stock, valued at approximately $6,521,825.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Anthony Lederer sold 305,562 shares of the business’s stock in a transaction on Monday, February 26th. The stock was sold at an average price of $33.20, for a total value of $10,144,658.40. The disclosure for this sale can be found here. Insiders sold a total of 803,603 shares of company stock worth $26,855,726 in the last three months. Company insiders own 0.57% of the company’s stock.

Shares of US Foods opened at $34.96 on Wednesday, MarketBeat.com reports. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.78 and a current ratio of 1.32. The firm has a market cap of $7.36 billion, a price-to-earnings ratio of 38.42, a price-to-earnings-growth ratio of 0.97 and a beta of 0.47. US Foods Holding Corp. has a 1-year low of $34.65 and a 1-year high of $35.50.

US Foods (NYSE:USFD) last announced its earnings results on Tuesday, May 8th. The company reported $0.35 earnings per share for the quarter, beating the consensus estimate of $0.32 by $0.03. The firm had revenue of $5.82 billion for the quarter, compared to the consensus estimate of $5.98 billion. US Foods had a return on equity of 11.56% and a net margin of 2.00%. The firm’s revenue for the quarter was up .6% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.18 EPS. research analysts forecast that US Foods Holding Corp. will post 2.07 EPS for the current fiscal year.

A number of research analysts recently issued reports on USFD shares. Royal Bank of Canada restated a “sector perform” rating and set a $38.00 price objective (up previously from $36.00) on shares of US Foods in a research report on Tuesday, May 1st. Bank of America boosted their price objective on US Foods from $38.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, March 16th. JPMorgan Chase lifted their target price on US Foods from $36.00 to $37.00 and gave the company an “overweight” rating in a research note on Friday, March 23rd. Zacks Investment Research raised US Foods from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research note on Thursday, February 22nd. Finally, BMO Capital Markets set a $37.00 target price on US Foods and gave the company a “hold” rating in a research note on Thursday, February 15th. Five investment analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $37.33.

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.

Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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