Martingale Asset Management L P Grows Position in US Foods Holding Corp (NYSE:USFD)
Martingale Asset Management L P increased its position in shares of US Foods Holding Corp (NYSE:USFD) by 379.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 356,780 shares of the company’s stock after purchasing an additional 282,427 shares during the period. Martingale Asset Management L P owned 0.16% of US Foods worth $13,495,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. CI Global Investments Inc. lifted its stake in shares of US Foods by 1,498.6% in the 1st quarter. CI Global Investments Inc. now owns 4,468,684 shares of the company’s stock valued at $146,439,000 after purchasing an additional 4,189,154 shares during the last quarter. American Century Companies Inc. acquired a new position in US Foods in the first quarter valued at approximately $92,225,000. Dimensional Fund Advisors LP lifted its holdings in US Foods by 42.7% in the first quarter. Dimensional Fund Advisors LP now owns 3,290,936 shares of the company’s stock valued at $107,844,000 after buying an additional 985,296 shares during the period. Russell Investments Group Ltd. raised its holdings in US Foods by 451.3% in the first quarter. Russell Investments Group Ltd. now owns 830,837 shares of the company’s stock worth $27,119,000 after purchasing an additional 680,140 shares during the period. Finally, MUFG Securities EMEA plc acquired a new stake in US Foods in the second quarter worth $21,368,000.
Shares of NYSE:USFD traded down $0.39 during midday trading on Friday, hitting $31.20. The stock had a trading volume of 4,517,593 shares, compared to its average volume of 3,006,096. The stock has a market capitalization of $6.85 billion, a PE ratio of 19.36, a PEG ratio of 0.64 and a beta of 0.08. The company has a current ratio of 1.39, a quick ratio of 0.81 and a debt-to-equity ratio of 1.16. US Foods Holding Corp has a fifty-two week low of $25.43 and a fifty-two week high of $40.92.
A number of research analysts recently weighed in on the stock. Zacks Investment Research raised shares of US Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, July 17th. Wells Fargo & Co lifted their price objective on shares of US Foods from $42.00 to $48.00 and gave the company a “$39.60” rating in a research report on Wednesday, July 18th. They noted that the move was a valuation call. Citigroup lifted their price objective on shares of US Foods from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. ValuEngine raised shares of US Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Finally, Jefferies Financial Group started coverage on shares of US Foods in a research report on Friday, June 8th. They issued a “buy” rating and a $45.00 price objective for the company. One investment analyst has rated the stock with a sell rating, six have given a hold rating and eight have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus target price of $38.50.
About US Foods
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.
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