Mercer Global Advisors Inc. ADV Purchases New Holdings in US Foods Holding Corp (USFD)

Mercer Global Advisors Inc. ADV acquired a new stake in US Foods Holding Corp (NYSE:USFD) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 79,576 shares of the company’s stock, valued at approximately $2,778,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its stake in shares of US Foods by 8.2% in the third quarter. Vanguard Group Inc. now owns 19,776,137 shares of the company’s stock worth $609,500,000 after buying an additional 1,496,976 shares during the last quarter. Vanguard Group Inc lifted its stake in shares of US Foods by 8.2% in the third quarter. Vanguard Group Inc now owns 19,776,137 shares of the company’s stock worth $609,500,000 after buying an additional 1,496,976 shares during the last quarter. Longview Partners Guernsey LTD lifted its stake in shares of US Foods by 6.4% in the fourth quarter. Longview Partners Guernsey LTD now owns 15,730,376 shares of the company’s stock worth $497,709,000 after buying an additional 945,238 shares during the last quarter. BlackRock Inc. raised its stake in US Foods by 1.6% during the 4th quarter. BlackRock Inc. now owns 9,243,053 shares of the company’s stock valued at $292,452,000 after purchasing an additional 144,692 shares during the last quarter. Finally, Neuberger Berman Group LLC raised its stake in US Foods by 1.7% during the 3rd quarter. Neuberger Berman Group LLC now owns 6,720,559 shares of the company’s stock valued at $207,128,000 after purchasing an additional 113,676 shares during the last quarter. Institutional investors own 99.67% of the company’s stock.

In related news, CFO Dirk J. Locascio sold 24,068 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $34.24, for a total value of $824,088.32. Following the completion of the transaction, the chief financial officer now directly owns 33,566 shares of the company’s stock, valued at $1,149,299.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider David A. Rickard sold 8,558 shares of the firm’s stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $34.81, for a total transaction of $297,903.98. Following the completion of the transaction, the insider now directly owns 32,100 shares of the company’s stock, valued at $1,117,401. The disclosure for this sale can be found here. Insiders sold a total of 53,958 shares of company stock worth $1,929,409 over the last quarter. 0.80% of the stock is currently owned by corporate insiders.

Several equities research analysts have issued reports on USFD shares. Buckingham Research raised shares of US Foods from a “neutral” rating to a “buy” rating and boosted their price target for the company from $32.00 to $48.00 in a report on Wednesday, May 8th. Pivotal Research reissued a “hold” rating and issued a $32.00 price target on shares of US Foods in a report on Thursday, May 9th. Finally, Zacks Investment Research raised shares of US Foods from a “hold” rating to a “buy” rating and set a $41.00 target price on the stock in a report on Thursday, May 9th. Five research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $39.80.

US Foods stock traded down $0.51 during trading hours on Wednesday, reaching $37.79. 1,236,825 shares of the company’s stock traded hands, compared to its average volume of 1,649,996. The company has a current ratio of 1.39, a quick ratio of 0.82 and a debt-to-equity ratio of 0.99. US Foods Holding Corp has a fifty-two week low of $27.51 and a fifty-two week high of $40.92. The company has a market cap of $8.39 billion, a PE ratio of 18.62, a PEG ratio of 2.09 and a beta of 0.55.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Tuesday, May 7th. The company reported $0.37 earnings per share for the quarter, beating analysts’ consensus estimates of $0.35 by $0.02. The business had revenue of $6.03 billion for the quarter, compared to the consensus estimate of $5.96 billion. US Foods had a net margin of 1.69% and a return on equity of 14.10%. US Foods’s revenue for the quarter was up 3.6% on a year-over-year basis. During the same period last year, the company posted $0.35 EPS. Research analysts forecast that US Foods Holding Corp will post 2.19 EPS for the current year.

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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.

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

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