US Foods Holding Corp (USFD) Shares Bought by Marshall Wace North America L.P.

Marshall Wace North America L.P. increased its stake in shares of US Foods Holding Corp (NYSE:USFD) by 28.3% in the 3rd quarter, according to its most recent 13F filing with the 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 accounts for about 0.9% of Marshall Wace North America L.P.’s portfolio, making the stock its 25th largest holding. Marshall Wace North America L.P.’s holdings in US Foods were worth $136,959,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in US Foods by 8.2% in the 3rd quarter. Vanguard Group Inc. now owns 19,776,137 shares of the company’s stock worth $609,500,000 after purchasing an additional 1,496,976 shares in the last quarter. Longview Partners Guernsey LTD acquired a new stake in US Foods in the 3rd quarter worth about $455,678,000. BlackRock Inc. raised its stake in US Foods by 18.2% in the 3rd quarter. BlackRock Inc. now owns 9,098,361 shares of the company’s stock worth $280,412,000 after purchasing an additional 1,398,787 shares in the last quarter. Alliancebernstein L.P. raised its stake in US Foods by 293.4% in the 3rd quarter. Alliancebernstein L.P. now owns 7,881,635 shares of the company’s stock worth $242,912,000 after purchasing an additional 5,878,089 shares in the last quarter. Finally, Neuberger Berman Group LLC raised its stake in US Foods by 1.7% in the 3rd quarter. Neuberger Berman Group LLC now owns 6,720,559 shares of the company’s stock worth $207,128,000 after purchasing an additional 113,676 shares in the last quarter. 98.73% of the stock is owned by institutional investors and hedge funds.

Several analysts have weighed in on USFD shares. Citigroup dropped their price objective on shares of US Foods from $39.00 to $37.00 and set a “buy” rating for the company in a research note on Tuesday, November 13th. TheStreet cut shares of US Foods from a “b-” rating to a “c+” rating in a research note on Wednesday, September 5th. Zacks Investment Research upgraded shares of US Foods from a “sell” rating to a “hold” rating in a research report on Saturday, November 10th. Loop Capital dropped their target price on shares of US Foods from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, November 9th. Finally, Pivotal Research dropped their target price on shares of US Foods from $33.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, November 7th. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. US Foods currently has a consensus rating of “Buy” and a consensus target price of $37.73.

Shares of NYSE:USFD traded down $0.31 during midday trading on Thursday, hitting $32.19. The stock had a trading volume of 2,468,600 shares, compared to its average volume of 2,682,098. The stock has a market capitalization of $7.06 billion, a PE ratio of 35.35, a PEG ratio of 0.61 and a beta of 0.43. The company has a current ratio of 1.39, a quick ratio of 0.80 and a debt-to-equity ratio of 1.08. US Foods Holding Corp has a fifty-two week low of $27.51 and a fifty-two week high of $40.92.

US Foods (NYSE:USFD) last issued its earnings results on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, beating the consensus estimate of $0.51 by $0.04. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.31 billion. US Foods had a net margin of 2.33% and a return on equity of 13.04%. The business’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.39 EPS. On average, research analysts predict that US Foods Holding Corp will post 1.99 EPS for the current fiscal year.

In related news, Director Cheryl A. Bachelder purchased 3,200 shares of the firm’s stock in a transaction that occurred on Monday, November 12th. The shares were bought at an average cost of $31.30 per share, with a total value of $100,160.00. Following the acquisition, the director now owns 3,200 shares of the company’s stock, valued at approximately $100,160. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.57% of the stock is currently owned by insiders.

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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.

Further Reading: What are Institutional Investors?

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp (NYSE:USFD).

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

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