Bessemer Group Inc. Trims Stake in US Foods Holding Corp. $USFD

Bessemer Group Inc. cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 17.1% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,132,793 shares of the company’s stock after selling 645,202 shares during the quarter. Bessemer Group Inc. owned about 1.39% of US Foods worth $240,035,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of USFD. SG Americas Securities LLC boosted its position in US Foods by 323.5% in the 3rd quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock valued at $2,951,000 after buying an additional 29,420 shares during the period. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in shares of US Foods by 55.1% during the third 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 during the period. Artisan Partners Limited Partnership raised its stake in shares of US Foods by 12.4% in the second quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock valued at $247,003,000 after acquiring an additional 354,747 shares in the last quarter. Y Intercept Hong Kong Ltd purchased a new position in US Foods in the third quarter valued at $3,599,000. Finally, AlphaQuest LLC boosted its holdings in US Foods by 187.9% in the third quarter. AlphaQuest LLC now owns 21,924 shares of the company’s stock valued at $1,680,000 after purchasing an additional 14,309 shares during the period. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction on 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 completion of the sale, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. 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.

US Foods Price Performance

Shares of NYSE USFD opened at $87.84 on Thursday. The stock’s 50-day simple moving average is $78.87 and its 200-day simple moving average is $77.70. The firm has a market capitalization of $19.58 billion, a PE 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 fifty-two week low of $57.36 and a fifty-two week high of $88.32. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15.

US Foods (NYSE:USFD) last announced its quarterly 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 for the quarter, compared to analyst estimates of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 earnings per share. As a group, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

USFD has been the topic of several recent research reports. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Morgan Stanley set a $92.00 price objective on US Foods in a research report on Tuesday, January 20th. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a research note on Monday, December 29th. Barclays decreased their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Finally, Citigroup increased their price objective on shares of US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Nine equities research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

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.