Bank of New York Mellon Corp increased its position in shares of US Foods Holding Corp (NYSE:USFD) by 6.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,627,406 shares of the company’s stock after buying an additional 216,383 shares during the quarter. Bank of New York Mellon Corp owned 1.61% of US Foods worth $115,823,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Cerebellum GP LLC acquired a new stake in US Foods during the fourth quarter worth about $135,000. CrestPoint Capital Management LLC acquired a new stake in US Foods during the fourth quarter worth about $224,000. Twin Tree Management LP grew its position in US Foods by 78.4% during the fourth quarter. Twin Tree Management LP now owns 7,357 shares of the company’s stock worth $235,000 after buying an additional 3,233 shares in the last quarter. Brown Advisory Inc. acquired a new stake in US Foods during the third quarter worth about $214,000. Finally, BB&T Corp acquired a new stake in US Foods during the fourth quarter worth about $259,000. 99.83% of the stock is currently owned by institutional investors and hedge funds.
US Foods Holding Corp (NYSE USFD) opened at $34.01 on Wednesday. US Foods Holding Corp has a one year low of $25.43 and a one year high of $35.10. The company has a quick ratio of 0.80, a current ratio of 1.41 and a debt-to-equity ratio of 1.33. The stock has a market cap of $7,456.98, a P/E ratio of 17.18, a PEG ratio of 0.94 and a beta of 0.43.
USFD has been the topic of a number of recent research reports. Zacks Investment Research raised US Foods from a “hold” rating to a “buy” rating and set a $36.00 target price on the stock in a research report on Saturday, February 3rd. Royal Bank of Canada restated a “buy” rating and set a $38.00 price target on shares of US Foods in a research note on Friday, February 2nd. Guggenheim restated a “buy” rating and set a $40.00 price target on shares of US Foods in a research note on Sunday, January 28th. Morgan Stanley raised their price target on shares of US Foods from $37.00 to $38.00 and gave the stock an “equal weight” rating in a research note on Friday, February 16th. Finally, Barclays cut shares of US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price target for the company. in a research note on Tuesday, January 16th. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $35.50.
In other news, insider Jay Kvasnicka sold 59,305 shares of US Foods stock in a transaction that occurred on Friday, March 9th. The shares were sold at an average price of $34.52, for a total value of $2,047,208.60. Following the completion of the transaction, the insider now owns 18,862 shares in the company, valued at $651,116.24. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Pietro Satriano sold 163,284 shares of the firm’s stock in a transaction that occurred on Friday, February 16th. The shares were sold at an average price of $33.04, for a total transaction of $5,394,903.36. Following the completion of the sale, the chief executive officer now directly owns 340,989 shares of the company’s stock, valued at approximately $11,266,276.56. The disclosure for this sale can be found here. Insiders sold 644,029 shares of company stock valued at $21,423,827 in the last quarter. 1.56% of the stock is currently owned by corporate insiders.
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About US Foods
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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