Global Thematic Partners LLC Sells 315,207 Shares of US Foods (USFD)
Global Thematic Partners LLC decreased its position in shares of US Foods (NASDAQ:USFD) by 23.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,024,156 shares of the company’s stock after selling 315,207 shares during the period. Global Thematic Partners LLC owned about 0.46% of US Foods worth $24,180,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors also recently made changes to their positions in USFD. Neuberger Berman Group LLC bought a new position in shares of US Foods during the second quarter worth about $80,659,000. Three Peaks Capital Management LLC bought a new position in shares of US Foods during the second quarter worth about $2,424,000. First Trust Advisors LP bought a new position in shares of US Foods during the second quarter worth about $2,714,000. California Public Employees Retirement System bought a new position in shares of US Foods during the second quarter worth about $3,660,000. Finally, Her Majesty the Queen in Right of the Province of Alberta as represented by Alberta Investment Management Corp bought a new position in shares of US Foods during the second quarter worth about $3,575,000.
Shares of US Foods (NASDAQ:USFD) traded down 1.07% during mid-day trading on Wednesday, hitting $23.05. The company had a trading volume of 73,477 shares. The company has a 50-day moving average price of $23.10 and a 200-day moving average price of $23.95. US Foods has a 1-year low of $22.19 and a 1-year high of $25.83. The company has a market capitalization of $5.09 billion and a price-to-earnings ratio of 35.90.
US Foods (NASDAQ:USFD) last posted its earnings results on Tuesday, November 8th. The company reported $0.39 earnings per share for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The company had revenue of $5.80 billion for the quarter, compared to analysts’ expectations of $5.91 billion. The firm’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. On average, equities analysts anticipate that US Foods will post $1.48 EPS for the current year.
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A number of research analysts have issued reports on the company. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a research note on Tuesday, August 23rd. BMO Capital Markets reiterated a “hold” rating on shares of US Foods in a research note on Wednesday, November 9th. Finally, Citigroup Inc. reiterated a “buy” rating and set a $27.00 price objective (down previously from $30.00) on shares of US Foods in a research note on Monday, October 10th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $27.18.
About US Foods
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include 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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