CrestPoint Capital Management LLC purchased a new stake in US Foods Holding Corp (NYSE:USFD) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,000 shares of the company’s stock, valued at approximately $224,000.
Other hedge funds also recently bought and sold shares of the company. Strategic Global Advisors LLC raised its stake in US Foods by 49.7% during the 3rd quarter. Strategic Global Advisors LLC now owns 12,098 shares of the company’s stock worth $323,000 after buying an additional 4,016 shares during the period. Brown Advisory Inc. acquired a new stake in US Foods during the 3rd quarter worth $214,000. Envestnet Asset Management Inc. raised its stake in US Foods by 180.6% during the 3rd quarter. Envestnet Asset Management Inc. now owns 14,093 shares of the company’s stock worth $375,000 after buying an additional 9,071 shares during the period. Atria Investments LLC acquired a new stake in US Foods during the 4th quarter worth $307,000. Finally, Boothbay Fund Management LLC acquired a new stake in US Foods during the 3rd quarter worth $296,000. 96.89% of the stock is currently owned by institutional investors.
Several analysts have issued reports on the company. Zacks Investment Research raised US Foods from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 10th. BidaskClub downgraded US Foods from a “buy” rating to a “hold” rating in a research note on Tuesday, October 3rd. Finally, Barclays downgraded US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price target on the stock. in a research note on Tuesday. Six equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. US Foods has a consensus rating of “Hold” and an average target price of $31.56.
US Foods (NYSE:USFD) last released its quarterly earnings results on Tuesday, November 7th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.10. US Foods had a return on equity of 12.64% and a net margin of 1.11%. equities research analysts forecast that US Foods Holding Corp will post 1.15 earnings per share for the current fiscal year.
In other news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 19,977,773 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $28.00, for a total value of $559,377,644.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.56% of the company’s stock.
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US Foods Profile
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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