AlphaQuest LLC Grows Stock Position in US Foods Holding Corp. $USFD

AlphaQuest LLC grew its position in shares of US Foods Holding Corp. (NYSE:USFD) by 187.9% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 21,924 shares of the company’s stock after buying an additional 14,309 shares during the quarter. AlphaQuest LLC’s holdings in US Foods were worth $1,680,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. Parkside Financial Bank & Trust grew its stake in shares of US Foods by 303.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after purchasing an additional 246 shares during the period. Geneos Wealth Management Inc. lifted its holdings in shares of US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after purchasing an additional 263 shares in the last quarter. First Horizon Corp purchased a new stake in US Foods in the 3rd quarter valued at approximately $39,000. MAI Capital Management lifted its position in shares of US Foods by 155.6% in the second quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after acquiring an additional 322 shares in the last quarter. Finally, Quent Capital LLC purchased a new position in US Foods in the 3rd quarter valued at about $43,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Citigroup boosted their price target on US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday. Barclays decreased their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Morgan Stanley set a $92.00 price target on US Foods in a report on Tuesday, January 20th. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, Wall Street Zen lowered US Foods from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $90.00.

Insider Buying and Selling at US Foods

In other news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction 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. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company insiders own 0.60% of the company’s stock.

US Foods Stock Performance

Shares of NYSE USFD opened at $83.56 on Friday. The stock has a market capitalization of $18.63 billion, a P/E ratio of 34.81, a P/E/G ratio of 1.06 and a beta of 1.03. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.85. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The firm’s 50-day moving average price is $78.35 and its two-hundred day moving average price is $77.63.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping 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 firm had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same period in the prior year, the business earned $0.85 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

About US Foods

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.