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.
ILLEGAL ACTIVITY NOTICE: “Mercer Global Advisors Inc. ADV Purchases New Holdings in US Foods Holding Corp (USFD)” was reported by Sundance Herald and is owned by of Sundance Herald. If you are accessing this story on another site, it was stolen and republished in violation of U.S. and international trademark & copyright law. The original version of this story can be viewed at https://sundanceherald.com/2019/05/22/mercer-global-advisors-inc-adv-takes-position-in-us-foods-holding-corp-usfd.html.
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.
Read More: Cash Flow Analysis in Stock Selection
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.