Massachusetts Financial Services Co. MA Boosts Stock Holdings in US Foods Holding Corp. $USFD

Massachusetts Financial Services Co. MA grew its holdings in US Foods Holding Corp. (NYSE:USFD) by 2.7% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 6,134,905 shares of the company’s stock after buying an additional 161,749 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in US Foods were worth $472,449,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Caitong International Asset Management Co. Ltd purchased a new position in US Foods in the 1st quarter valued at approximately $31,000. V Square Quantitative Management LLC lifted its position in shares of US Foods by 58.7% during the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock worth $42,000 after acquiring an additional 200 shares in the last quarter. Assetmark Inc. boosted its holdings in shares of US Foods by 41.1% in the second quarter. Assetmark Inc. now owns 931 shares of the company’s stock worth $72,000 after acquiring an additional 271 shares during the period. Signaturefd LLC grew its position in shares of US Foods by 19.7% in the first quarter. Signaturefd LLC now owns 1,302 shares of the company’s stock valued at $85,000 after purchasing an additional 214 shares in the last quarter. Finally, Rosenberg Matthew Hamilton grew its position in shares of US Foods by 1,474.0% in the second quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock valued at $88,000 after purchasing an additional 1,076 shares in the last quarter. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In other news, insider Steven Guberman sold 58,632 shares of the stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the transaction, the insider owned 113,410 shares of the company’s stock, valued at $8,165,520. This represents a 34.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by corporate insiders.

US Foods Stock Performance

NYSE:USFD opened at $71.72 on Friday. The stock has a market cap of $15.99 billion, a P/E ratio of 29.88, a PEG ratio of 0.98 and a beta of 1.34. 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 business’s 50-day moving average price is $75.67 and its two-hundred day moving average price is $76.98. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $85.11.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.US Foods’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.85 earnings per share. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on USFD shares. UBS Group increased their price objective on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Guggenheim upped their price target on US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research report on Monday, August 11th. Wall Street Zen raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, September 5th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, Piper Sandler upped their target price on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a report on Tuesday, September 2nd. Two investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus target price of $82.00.

US Foods Company 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.