Gateway Investment Advisers LLC Sells 8,896 Shares of US Foods Holding Corp. $USFD

Gateway Investment Advisers LLC trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 11.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 66,050 shares of the company’s stock after selling 8,896 shares during the period. Gateway Investment Advisers LLC’s holdings in US Foods were worth $5,061,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Norges Bank acquired a new stake in US Foods during the 2nd quarter worth $184,413,000. Primecap Management Co. CA grew its stake in shares of US Foods by 84.4% during the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock worth $275,750,000 after purchasing an additional 1,639,310 shares during the period. Holocene Advisors LP acquired a new stake in shares of US Foods during the second quarter worth $64,220,000. Burgundy Asset Management Ltd. increased its holdings in US Foods by 31.0% in the second quarter. Burgundy Asset Management Ltd. now owns 2,206,740 shares of the company’s stock valued at $169,941,000 after purchasing an additional 522,586 shares during the last quarter. Finally, Panagora Asset Management Inc. lifted its stake in US Foods by 59.4% in the second quarter. Panagora Asset Management Inc. now owns 1,108,800 shares of the company’s stock valued at $85,389,000 after buying an additional 413,102 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods 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 owned 113,410 shares of the company’s stock, valued at $8,165,520. This trade represents a 34.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on USFD shares. Barclays decreased their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Wall Street Zen downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a research note on Saturday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. One investment analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and one has assigned a Hold rating to the company’s stock. According to data from MarketBeat, US Foods presently has a consensus rating of “Buy” and an average price target of $89.00.

US Foods Stock Performance

Shares of USFD stock opened at $74.61 on Monday. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11. The company’s 50 day moving average price is $74.92 and its two-hundred day moving average price is $77.23. The company has a market capitalization of $16.63 billion, a P/E ratio of 31.09, a price-to-earnings-growth ratio of 0.85 and a beta of 1.03.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter in the prior year, the company earned $0.85 earnings per share. The business’s quarterly revenue was up 4.8% compared to the same quarter last year. On average, analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Company Profile

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.