Tradewinds LLC. Makes New Investment in US Foods Holding Corp. $USFD

Tradewinds LLC. purchased a new stake in US Foods Holding Corp. (NYSE:USFD) during the 3rd quarter, HoldingsChannel reports. The fund purchased 77,347 shares of the company’s stock, valued at approximately $5,926,000. US Foods comprises approximately 1.4% of Tradewinds LLC.’s portfolio, making the stock its 21st biggest holding.

A number of other large investors have also recently modified their holdings of the business. Massachusetts Financial Services Co. MA increased its position in shares of US Foods by 2.7% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,134,905 shares of the company’s stock worth $472,449,000 after purchasing an additional 161,749 shares during the last quarter. Geode Capital Management LLC grew its stake in US Foods by 1.3% in the 2nd quarter. Geode Capital Management LLC now owns 3,986,397 shares of the company’s stock worth $307,044,000 after buying an additional 52,361 shares in the last quarter. Primecap Management Co. CA increased its holdings in shares of US Foods by 84.4% in the 2nd quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock worth $275,750,000 after buying an additional 1,639,310 shares during the last quarter. Artisan Partners Limited Partnership raised its position in shares of US Foods by 12.4% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock valued at $247,003,000 after buying an additional 354,747 shares in the last quarter. Finally, AQR Capital Management LLC raised its position in shares of US Foods by 14.7% during the 2nd quarter. AQR Capital Management LLC now owns 2,910,755 shares of the company’s stock valued at $224,157,000 after buying an additional 373,321 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. Wall Street Zen cut US Foods from a “strong-buy” rating to a “buy” rating in a research note on Monday. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Citigroup reduced their price target on shares of US Foods from $95.00 to $90.00 and set a “buy” rating on the stock in a research report on Wednesday, January 7th. Finally, Barclays lowered their price objective on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $88.50.

Insider Buying and Selling at US Foods

In related news, insider Steven Guberman sold 58,632 shares of the firm’s 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 sale, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. This trade represents a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

US Foods Stock Performance

Shares of USFD stock opened at $85.69 on Monday. The company has a market capitalization of $19.10 billion, a P/E ratio of 35.70, a PEG ratio of 0.98 and a beta of 1.03. US Foods Holding Corp. has a fifty-two week low of $57.36 and a fifty-two week high of $85.85. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. The stock has a 50 day moving average price of $76.03 and a two-hundred day moving average price of $77.38.

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 the consensus estimate of $10.18 billion. During the same period in the previous year, the firm earned $0.85 earnings per share. The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. Analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

About US Foods

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.