Marshall Wace North America L.P. Has $136.96 Million Position in US Foods Holding Corp (USFD)
Marshall Wace North America L.P. boosted its holdings in US Foods Holding Corp (NYSE:USFD) by 28.3% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 4,443,836 shares of the company’s stock after buying an additional 981,494 shares during the period. US Foods makes up about 0.9% of Marshall Wace North America L.P.’s investment portfolio, making the stock its 25th biggest position. Marshall Wace North America L.P. owned approximately 2.04% of US Foods worth $136,959,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC acquired a new position in US Foods in the second quarter valued at approximately $123,000. Tower Research Capital LLC TRC acquired a new position in US Foods in the third quarter valued at approximately $123,000. Nisa Investment Advisors LLC acquired a new position in US Foods in the second quarter valued at approximately $189,000. First Hawaiian Bank acquired a new position in US Foods in the third quarter valued at approximately $190,000. Finally, First Republic Investment Management Inc. acquired a new position in US Foods in the second quarter valued at approximately $203,000. Institutional investors and hedge funds own 98.73% of the company’s stock.
In related news, Director Cheryl A. Bachelder acquired 3,200 shares of the company’s stock in a transaction that occurred on Monday, November 12th. The shares were acquired at an average cost of $31.30 per share, for a total transaction of $100,160.00. Following the completion of the acquisition, the director now directly owns 3,200 shares in the company, valued at approximately $100,160. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.57% of the company’s stock.
US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.51 by $0.04. US Foods had a net margin of 2.33% and a return on equity of 13.04%. The business had revenue of $6.15 billion for the quarter, compared to analyst estimates of $6.31 billion. During the same period last year, the business posted $0.39 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. Equities analysts forecast that US Foods Holding Corp will post 1.99 EPS for the current fiscal year.
Several equities analysts recently weighed in on the stock. TheStreet lowered shares of US Foods from a “b-” rating to a “c+” rating in a report on Wednesday, September 5th. Loop Capital cut their target price on shares of US Foods from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, November 9th. Zacks Investment Research lowered shares of US Foods from a “hold” rating to a “sell” rating in a report on Saturday, November 3rd. Citigroup cut their target price on shares of US Foods from $45.00 to $39.00 and set a “buy” rating on the stock in a report on Friday, August 17th. Finally, Pivotal Research cut their target price on shares of US Foods from $33.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday, November 7th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. US Foods currently has a consensus rating of “Buy” and an average target price of $37.73.
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US Foods 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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