Great Lakes Advisors LLC Has $11.43 Million Stake in US Foods Holding Corp. $USFD

Great Lakes Advisors LLC reduced its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 49.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 149,165 shares of the company’s stock after selling 146,407 shares during the quarter. Great Lakes Advisors LLC owned 0.07% of US Foods worth $11,429,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in USFD. SG Americas Securities LLC grew its stake in US Foods by 323.5% during the third quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock worth $2,951,000 after buying an additional 29,420 shares during the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al boosted its holdings in shares of US Foods by 55.1% in the 3rd quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,709 shares of the company’s stock worth $3,732,000 after acquiring an additional 17,300 shares in the last quarter. Lecap Asset Management Ltd. acquired a new position in shares of US Foods in the 2nd quarter worth approximately $1,195,000. Artisan Partners Limited Partnership grew its position in US Foods by 12.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock worth $247,003,000 after acquiring an additional 354,747 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. acquired a new stake in US Foods during the 2nd quarter valued at $3,324,000. 98.76% of the stock is owned by institutional investors.

US Foods Stock Performance

US Foods stock opened at $84.18 on Friday. The company has a market cap of $18.77 billion, a PE ratio of 35.08, a PEG ratio of 1.05 and a beta of 1.03. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.85. The company’s 50-day moving average is $78.10 and its two-hundred day moving average is $77.64.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.85 EPS. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of research firms have commented on USFD. Citigroup boosted their price objective on US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research report on Monday, December 29th. Wall Street Zen lowered shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, Guggenheim raised their price objective on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Nine research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, US Foods has a consensus rating of “Moderate Buy” and a consensus target price of $90.00.

Insider Buying and Selling

In other US Foods news, insider Steven Guberman sold 58,632 shares of the stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total value of $4,221,504.00. Following the transaction, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

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.