Bessemer Group Inc. Reduces Position in US Foods Holding Corp. $USFD

Bessemer Group Inc. decreased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 17.1% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 3,132,793 shares of the company’s stock after selling 645,202 shares during the quarter. Bessemer Group Inc.’s holdings in US Foods were worth $240,035,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of USFD. Parkside Financial Bank & Trust increased its holdings in shares of US Foods by 303.7% in the 3rd quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock valued at $25,000 after acquiring an additional 246 shares during the period. Geneos Wealth Management Inc. boosted its stake in US Foods by 120.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after purchasing an additional 263 shares during the period. First Horizon Corp purchased a new position in US Foods during the 3rd quarter worth $39,000. MAI Capital Management increased its stake in US Foods by 155.6% in the second quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after purchasing an additional 322 shares during the period. Finally, Quent Capital LLC acquired a new position in US Foods in the third quarter valued at $43,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Activity at US Foods

In related news, insider Steven Guberman sold 58,632 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the sale, the insider directly owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This represents a 34.08% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on USFD. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Guggenheim increased their price objective on US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 20th. Citigroup lifted their target price on US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Barclays dropped their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Wall Street Zen downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Nine analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

US Foods Stock Performance

Shares of USFD stock opened at $87.84 on Thursday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. The stock has a 50 day simple moving average of $78.87 and a 200-day simple moving average of $77.70. The company has a market cap of $19.58 billion, a price-to-earnings ratio of 36.60, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $88.32.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same period in the previous year, the firm earned $0.85 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods Company Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.