US Foods Holding Corp. $USFD Shares Sold by Clarkston Capital Partners LLC

Clarkston Capital Partners LLC reduced its holdings in US Foods Holding Corp. (NYSE:USFD) by 20.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,708,185 shares of the company’s stock after selling 691,735 shares during the period. US Foods makes up about 4.4% of Clarkston Capital Partners LLC’s investment portfolio, making the stock its 5th biggest position. Clarkston Capital Partners LLC owned approximately 1.17% of US Foods worth $208,557,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of USFD. Boston Partners lifted its stake in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock valued at $1,076,225,000 after purchasing an additional 3,713,345 shares during the period. Burgundy Asset Management Ltd. bought a new stake in US Foods in the first quarter valued at about $110,245,000. Primecap Management Co. CA lifted its stake in US Foods by 84.4% in the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock valued at $275,750,000 after buying an additional 1,639,310 shares during the period. Jupiter Asset Management Ltd. bought a new position in US Foods during the first quarter worth about $91,087,000. Finally, AQR Capital Management LLC grew its position in shares of US Foods by 120.3% during the 1st quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after buying an additional 1,385,521 shares during the period. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, insider Steven Guberman sold 58,632 shares of the firm’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 transaction, the insider owned 113,410 shares of the company’s stock, valued at approximately $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 accessible through this hyperlink. Insiders own 0.60% of the company’s stock.

US Foods Price Performance

Shares of NYSE USFD opened at $78.72 on Friday. The company has a fifty day moving average price of $74.86 and a 200 day moving average price of $77.27. The firm has a market cap of $17.55 billion, a PE ratio of 32.80, a PEG ratio of 1.07 and a beta of 1.34. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same quarter last year, the firm earned $0.85 EPS. US Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. Research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Guggenheim upped their price target on US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Barclays cut their target price on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research report on Monday. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Finally, Wells Fargo & Company reaffirmed an “overweight” rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus price target of $82.00.

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.