Artemis Investment Management LLP Has $30.52 Million Position in US Foods Holding Corp. (NYSE:USFD)

Artemis Investment Management LLP increased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 30.8% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 466,238 shares of the company’s stock after purchasing an additional 109,720 shares during the period. Artemis Investment Management LLP owned approximately 0.20% of US Foods worth $30,520,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Norges Bank bought a new position in US Foods in the 4th quarter worth approximately $211,300,000. Artisan Partners Limited Partnership bought a new position in US Foods during the fourth quarter worth $171,107,000. Raymond James Financial Inc. bought a new position in US Foods during the fourth quarter worth $48,611,000. AQR Capital Management LLC raised its stake in US Foods by 133.8% during the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company’s stock valued at $77,708,000 after purchasing an additional 659,283 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company’s stock valued at $43,145,000 after purchasing an additional 482,461 shares during the period. Institutional investors and hedge funds own 98.76% of the company’s stock.

Insider Activity at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now owns 115,077 shares of the company’s stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.60% of the company’s stock.

Analyst Upgrades and Downgrades

USFD has been the topic of several research reports. Wall Street Zen upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Saturday, May 24th. UBS Group boosted their price target on US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research note on Friday, May 9th. Guggenheim reaffirmed a “buy” rating and issued a $80.00 price target on shares of US Foods in a report on Monday, May 12th. Citigroup started coverage on US Foods in a report on Thursday, May 22nd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Buy” and a consensus price target of $77.00.

US Foods Stock Performance

US Foods stock opened at $76.72 on Friday. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $79.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The stock has a fifty day moving average price of $73.22 and a two-hundred day moving average price of $69.49. The firm has a market capitalization of $17.75 billion, a P/E ratio of 35.19, a P/E/G ratio of 1.10 and a beta of 1.44.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The company’s revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.54 EPS. As a group, analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

About US Foods

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.