Mackenzie Financial Corp Increases Holdings in US Foods Holding Corp. (NYSE:USFD)

Mackenzie Financial Corp increased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 7.2% during the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 287,758 shares of the company’s stock after purchasing an additional 19,217 shares during the period. Mackenzie Financial Corp owned 0.12% of US Foods worth $13,067,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in USFD. BlackRock Inc. grew its position in shares of US Foods by 110.7% during the 1st quarter. BlackRock Inc. now owns 18,025,965 shares of the company’s stock valued at $665,879,000 after purchasing an additional 9,471,020 shares in the last quarter. Victory Capital Management Inc. boosted its stake in US Foods by 189.6% during the third quarter. Victory Capital Management Inc. now owns 4,651,686 shares of the company’s stock valued at $184,672,000 after buying an additional 3,045,213 shares during the period. State Street Corp grew its position in US Foods by 75.8% during the first quarter. State Street Corp now owns 5,756,405 shares of the company’s stock worth $212,642,000 after buying an additional 2,481,753 shares in the last quarter. Norges Bank purchased a new position in US Foods during the fourth quarter worth about $68,956,000. Finally, Sessa Capital IM L.P. bought a new position in US Foods in the 4th quarter worth about $50,355,000. Institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the sale, the executive vice president now owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

US Foods Stock Up 0.2 %

USFD opened at $50.03 on Friday. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $54.94. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96. The business’s 50-day moving average price is $51.74 and its 200-day moving average price is $46.02. The company has a market cap of $12.27 billion, a P/E ratio of 24.77, a P/E/G ratio of 0.84 and a beta of 1.58.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). The company had revenue of $8.94 billion during the quarter, compared to analysts’ expectations of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. On average, equities analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analyst Ratings Changes

A number of analysts have recently issued reports on the company. UBS Group upgraded US Foods from a “neutral” rating to a “buy” rating and lifted their price target for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $50.00 to $52.00 and gave the company a “neutral” rating in a research report on Tuesday, March 19th. BTIG Research upped their target price on shares of US Foods from $52.00 to $62.00 and gave the stock a “buy” rating in a research report on Tuesday, March 19th. Finally, Morgan Stanley raised their price target on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research report on Friday, April 12th. One equities research analyst has rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Buy” and an average target price of $54.92.

US Foods Profile

US Foods Holding Corp., together with its subsidiaries, engages in marketing, sale, and distribution of fresh, frozen, and dry food and non-food products to foodservice customers in the United States. The company's 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.