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Ameriprise Financial Inc. Acquires Shares of 19,269 US Foods Holding Corp (USFD)
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Other large investors have also bought and sold shares of the company. Breton Hill Capital Ltd. acquired a new stake in US Foods Holding Corp during the first quarter valued at about $946,000. Russell Investments Group Ltd. boosted its stake in US Foods Holding Corp by 23.4% in the first quarter. Russell Investments Group Ltd. now owns 199,397 shares of the company’s stock valued at $5,579,000 after buying an additional 37,848 shares during the period. First Quadrant L P CA boosted its stake in US Foods Holding Corp by 9.8% in the first quarter. First Quadrant L P CA now owns 83,997 shares of the company’s stock valued at $2,350,000 after buying an additional 7,474 shares during the period. Nationwide Fund Advisors boosted its stake in US Foods Holding Corp by 4.9% in the first quarter. Nationwide Fund Advisors now owns 205,100 shares of the company’s stock valued at $5,739,000 after buying an additional 9,500 shares during the period. Finally, Quantitative Systematic Strategies LLC boosted its stake in US Foods Holding Corp by 142.8% in the first quarter. Quantitative Systematic Strategies LLC now owns 88,885 shares of the company’s stock valued at $2,487,000 after buying an additional 52,283 shares during the period.
US Foods Holding Corp (NASDAQ:USFD) opened at 28.13 on Friday. The company has a 50-day moving average price of $28.17 and a 200-day moving average price of $27.75. The firm has a market cap of $6.25 billion and a PE ratio of 27.39. US Foods Holding Corp has a one year low of $22.19 and a one year high of $30.73.
US Foods Holding Corp (NASDAQ:USFD) last posted its quarterly earnings results on Tuesday, May 9th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.20 by $0.02. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. The company had revenue of $5.78 billion for the quarter, compared to analysts’ expectations of $5.78 billion. The business’s quarterly revenue was up 3.3% on a year-over-year basis. Equities analysts predict that US Foods Holding Corp will post $1.34 earnings per share for the current fiscal year.
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Several research firms have recently issued reports on USFD. Credit Suisse Group restated an “outperform” rating and set a $35.00 price objective (up previously from $32.00) on shares of US Foods Holding Corp in a report on Wednesday, May 17th. Pivotal Research raised their price objective on US Foods Holding Corp from $25.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, May 10th. Royal Bank Of Canada restated an “outperform” rating and set a $32.00 price objective on shares of US Foods Holding Corp in a report on Wednesday, May 10th. Loop Capital began coverage on US Foods Holding Corp in a report on Monday, May 15th. They set a “hold” rating and a $31.00 price objective on the stock. Finally, Guggenheim restated a “buy” rating and set a $33.00 price objective (up previously from $30.00) on shares of US Foods Holding Corp in a report on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. The stock has an average rating of “Buy” and an average target price of $30.78.
In other news, insider Pietro Satriano sold 89,932 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $2,540,579.00. Following the transaction, the insider now directly owns 164,366 shares in the company, valued at approximately $4,643,339.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director John Anthony Lederer sold 598,950 shares of the business’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $16,920,337.50. Following the transaction, the director now owns 504,224 shares in the company, valued at $14,244,328. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 23,344,441 shares of company stock worth $659,480,458.
US Foods Holding Corp Company Profile
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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