Twin Tree Management LP boosted its holdings in US Foods Holding Corp. (NYSE:USFD) by 461.2% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 41,287 shares of the company’s stock after acquiring an additional 33,930 shares during the quarter. Twin Tree Management LP’s holdings in US Foods were worth $1,353,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Meeder Asset Management Inc. boosted its stake in US Foods by 181.3% during the 1st quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock valued at $109,000 after purchasing an additional 2,148 shares in the last quarter. Financial Gravity Companies Inc. bought a new position in US Foods during the 4th quarter valued at $132,000. Cerebellum GP LLC bought a new position in US Foods during the 4th quarter valued at $135,000. American International Group Inc. bought a new position in US Foods during the 4th quarter valued at $137,000. Finally, Tower Research Capital LLC TRC boosted its stake in US Foods by 2,909.3% during the 4th quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock valued at $196,000 after purchasing an additional 5,935 shares in the last quarter.
Shares of US Foods traded down $0.19, hitting $35.68, during midday trading on Friday, MarketBeat.com reports. The company’s stock had a trading volume of 5,663 shares, compared to its average volume of 2,550,673. The stock has a market cap of $7.62 billion, a PE ratio of 39.42, a price-to-earnings-growth ratio of 1.00 and a beta of 0.47. The company has a quick ratio of 0.78, a current ratio of 1.32 and a debt-to-equity ratio of 1.23. US Foods Holding Corp. has a 1-year low of $34.83 and a 1-year high of $35.09.
In related news, insider Jay Kvasnicka sold 59,305 shares of the stock in a transaction on Friday, March 9th. The stock was sold at an average price of $34.52, for a total transaction of $2,047,208.60. Following the completion of the sale, the insider now directly owns 18,862 shares in the company, valued at $651,116.24. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, insider David A. Rickard sold 17,176 shares of the stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of $32.44, for a total value of $557,189.44. Following the sale, the insider now owns 30,106 shares of the company’s stock, valued at $976,638.64. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 541,617 shares of company stock valued at $18,180,955. 0.57% of the stock is owned by corporate insiders.
A number of equities analysts have issued reports on the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $38.00 price target on shares of US Foods in a research note on Friday, February 2nd. Morgan Stanley reissued an “equal weight” rating and set a $40.00 price objective (up from $38.00) on shares of US Foods in a research note on Friday, March 16th. Zacks Investment Research raised US Foods from a “hold” rating to a “strong-buy” rating and set a $37.00 price objective for the company in a research note on Thursday, February 22nd. Guggenheim reissued a “buy” rating and set a $40.00 price objective on shares of US Foods in a research note on Sunday, January 28th. Finally, Loop Capital set a $35.00 price objective on US Foods and gave the stock a “hold” rating in a research note on Friday, March 16th. Five equities research analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. US Foods presently has a consensus rating of “Buy” and a consensus price target of $37.33.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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