Waratah Capital Advisors Ltd. Takes Position in US Foods Holding Corp (NYSE:USFD)
Waratah Capital Advisors Ltd. bought a new stake in US Foods Holding Corp (NYSE:USFD) in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor bought 54,663 shares of the company’s stock, valued at approximately $1,955,000.
Other hedge funds and other institutional investors have also modified their holdings of the company. CENTRAL TRUST Co acquired a new stake in shares of US Foods in the second quarter valued at about $76,000. Stevens First Principles Investment Advisors raised its position in shares of US Foods by 84.2% in the first quarter. Stevens First Principles Investment Advisors now owns 2,560 shares of the company’s stock valued at $89,000 after buying an additional 1,170 shares during the last quarter. Cutler Group LP raised its position in shares of US Foods by 2,800.0% in the first quarter. Cutler Group LP now owns 2,900 shares of the company’s stock valued at $101,000 after buying an additional 2,800 shares during the last quarter. Quadrant Capital Group LLC increased its position in US Foods by 170.2% during the first quarter. Quadrant Capital Group LLC now owns 2,915 shares of the company’s stock worth $98,000 after purchasing an additional 1,836 shares during the last quarter. Finally, Icon Advisers Inc. Co. acquired a new stake in US Foods during the first quarter worth about $206,000. Institutional investors and hedge funds own 95.52% of the company’s stock.
USFD stock traded down $0.04 during mid-day trading on Monday, hitting $35.58. 1,017,521 shares of the company were exchanged, compared to its average volume of 1,052,547. The company has a quick ratio of 0.82, a current ratio of 1.39 and a debt-to-equity ratio of 0.99. The stock has a market capitalization of $7.77 billion, a price-to-earnings ratio of 17.53, a P/E/G ratio of 1.94 and a beta of 0.58. The firm’s fifty day simple moving average is $35.96. US Foods Holding Corp has a 12-month low of $27.51 and a 12-month high of $40.92.
In other US Foods news, EVP Steven Guberman sold 4,434 shares of the stock in a transaction dated Thursday, June 6th. The shares were sold at an average price of $36.42, for a total transaction of $161,486.28. Following the completion of the transaction, the executive vice president now owns 37,013 shares of the company’s stock, valued at $1,348,013.46. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CFO Dirk J. Locascio sold 21,332 shares of the stock in a transaction dated Wednesday, May 8th. The stock was sold at an average price of $37.85, for a total transaction of $807,416.20. Following the transaction, the chief financial officer now directly owns 58,708 shares of the company’s stock, valued at approximately $2,222,097.80. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 111,589 shares of company stock valued at $4,110,485. 0.80% of the stock is currently owned by insiders.
Several equities research analysts recently issued reports on USFD shares. Pivotal Research restated a “hold” rating and set a $32.00 price objective on shares of US Foods in a research report on Thursday, May 9th. Buckingham Research set a $19.00 price objective on shares of Adient and gave the stock a “sell” rating in a research report on Wednesday, May 8th. Finally, Zacks Investment Research cut shares of Zynerba Pharmaceuticals from a “buy” rating to a “hold” rating in a research report on Saturday, May 11th. Five investment analysts have rated the stock with a hold rating and five have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $38.89.
US Foods Profile
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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