QRG Capital Management Inc. Reduces Position in US Foods Holding Corp. $USFD

QRG Capital Management Inc. decreased its holdings in US Foods Holding Corp. (NYSE:USFD) by 41.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,660 shares of the company’s stock after selling 11,573 shares during the period. QRG Capital Management Inc.’s holdings in US Foods were worth $1,276,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Geneos Wealth Management Inc. grew its stake in US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after buying an additional 263 shares in the last quarter. First Horizon Corp purchased a new stake in shares of US Foods during the third quarter worth $39,000. MAI Capital Management boosted its holdings in shares of US Foods by 155.6% in the second quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after acquiring an additional 322 shares during the period. V Square Quantitative Management LLC raised its stake in shares of US Foods by 58.7% during the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC purchased a new stake in US Foods during the 3rd quarter worth about $43,000. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Wall Street Zen lowered US Foods from a “strong-buy” rating to a “buy” rating in a report on Monday. Barclays reduced their price objective on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Guggenheim increased their target price on shares of US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Finally, Morgan Stanley set a $92.00 price target on shares of US Foods in a report on Tuesday. Nine investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, US Foods has an average rating of “Moderate Buy” and an average price target of $89.50.

US Foods Price Performance

USFD stock opened at $83.46 on Wednesday. The firm has a 50 day simple moving average of $76.52 and a two-hundred day simple moving average of $77.46. The stock has a market cap of $18.61 billion, a PE ratio of 34.77, a P/E/G ratio of 1.08 and a beta of 1.03. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $85.85. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70.

US Foods (NYSE:USFD) last posted its quarterly earnings data 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 firm had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same quarter last year, the company posted $0.85 EPS. The business’s quarterly revenue was up 4.8% on a year-over-year basis. On average, analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity

In other news, insider Steven Guberman sold 58,632 shares of the company’s 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 completion of the transaction, the insider directly owned 113,410 shares in the company, valued at approximately $8,165,520. This represents a 34.08% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

US Foods 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.