Balter Liquid Alternatives LLC Boosts Holdings in US Foods Holding Corp (USFD)

Balter Liquid Alternatives LLC raised its stake in US Foods Holding Corp (NYSE:USFD) by 12.5% in the 2nd quarter, HoldingsChannel reports. The fund owned 35,595 shares of the company’s stock after buying an additional 3,953 shares during the quarter. US Foods accounts for about 1.1% of Balter Liquid Alternatives LLC’s holdings, making the stock its 15th biggest holding. Balter Liquid Alternatives LLC’s holdings in US Foods were worth $1,352,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently bought and sold shares of the business. Raymond James & Associates purchased a new position in US Foods during the 4th quarter valued at approximately $268,000. Rhumbline Advisers grew its holdings in US Foods by 5.1% during the 1st quarter. Rhumbline Advisers now owns 186,917 shares of the company’s stock valued at $6,125,000 after buying an additional 9,140 shares in the last quarter. New York State Teachers Retirement System grew its holdings in US Foods by 17.9% during the 1st quarter. New York State Teachers Retirement System now owns 18,400 shares of the company’s stock valued at $603,000 after buying an additional 2,800 shares in the last quarter. Carnick & Kubik Group LLC grew its holdings in US Foods by 5.5% during the 1st quarter. Carnick & Kubik Group LLC now owns 62,186 shares of the company’s stock valued at $2,038,000 after buying an additional 3,237 shares in the last quarter. Finally, Mackay Shields LLC purchased a new position in US Foods during the 1st quarter valued at approximately $5,417,000.

USFD has been the subject of several research analyst reports. Royal Bank of Canada cut US Foods from an “outperform” rating to a “sector perform” rating and raised their price target for the company from $36.00 to $38.00 in a report on Tuesday, May 1st. Pivotal Research restated a “hold” rating and set a $33.00 price target on shares of US Foods in a report on Monday, May 7th. Morgan Stanley upgraded US Foods from an “equal weight” rating to an “overweight” rating and set a $43.00 price target for the company in a report on Tuesday, May 15th. TheStreet upgraded US Foods from a “c” rating to a “b-” rating in a report on Friday, May 25th. Finally, Jefferies Financial Group initiated coverage on US Foods in a report on Friday, June 8th. They set a “buy” rating and a $45.00 price target for the company. One research analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $38.93.

In other news, insider Jay Kvasnicka sold 42,685 shares of the firm’s stock in a transaction that occurred on Friday, June 8th. The stock was sold at an average price of $37.18, for a total value of $1,587,028.30. Following the completion of the sale, the insider now directly owns 22,293 shares of the company’s stock, valued at approximately $828,853.74. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider David A. Rickard sold 8,588 shares of the firm’s stock in a transaction that occurred on Wednesday, June 6th. The shares were sold at an average price of $37.47, for a total value of $321,792.36. Following the completion of the sale, the insider now directly owns 32,130 shares of the company’s stock, valued at $1,203,911.10. The disclosure for this sale can be found here. 0.57% of the stock is owned by company insiders.

NYSE:USFD opened at $33.91 on Friday. The company has a market capitalization of $7.11 billion, a PE ratio of 37.01, a P/E/G ratio of 0.67 and a beta of 0.17. US Foods Holding Corp has a 1 year low of $25.43 and a 1 year high of $40.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Monday, July 30th. The company reported $0.57 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.58 by ($0.01). The company had revenue of $6.16 billion during the quarter, compared to the consensus estimate of $6.32 billion. US Foods had a net margin of 2.25% and a return on equity of 12.66%. US Foods’s revenue for the quarter was up .0% on a year-over-year basis. During the same period in the previous year, the business earned $0.37 earnings per share. research analysts expect that US Foods Holding Corp will post 1.97 EPS for the current fiscal year.

US Foods Company 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.

Further Reading: Outstanding Shares

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp (NYSE:USFD).

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

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