Global Thematic Partners LLC Sells 315,207 Shares of US Foods (USFD)
Global Thematic Partners LLC lowered its position in US Foods (NASDAQ:USFD) by 23.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,024,156 shares of the company’s stock after selling 315,207 shares during the period. Global Thematic Partners LLC’s holdings in US Foods were worth $24,180,000 at the end of the most recent reporting period.
A number of other hedge funds also recently bought and sold shares of USFD. Kohlberg Kravis Roberts & Co. L.P. acquired a new stake in shares of US Foods during the second quarter valued at approximately $2,020,000,000. Eminence Capital LP acquired a new stake in shares of US Foods during the second quarter valued at approximately $121,624,000. Citadel Advisors LLC acquired a new stake in shares of US Foods during the second quarter valued at approximately $109,558,000. Neuberger Berman Group LLC raised its stake in shares of US Foods by 20.6% in the third quarter. Neuberger Berman Group LLC now owns 4,011,541 shares of the company’s stock valued at $94,712,000 after buying an additional 684,039 shares in the last quarter. Finally, TIAA CREF Investment Management LLC acquired a new stake in shares of US Foods during the second quarter valued at approximately $72,771,000.
Shares of US Foods (NASDAQ:USFD) traded down 1.07% during midday trading on Wednesday, reaching $23.05. The company’s stock had a trading volume of 73,477 shares. The company has a 50 day moving average of $23.10 and a 200-day moving average of $23.95. US Foods has a 52 week low of $22.19 and a 52 week high of $25.83. The stock has a market capitalization of $5.09 billion and a price-to-earnings ratio of 35.90.
US Foods (NASDAQ:USFD) last issued its earnings results on Tuesday, November 8th. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.03. The firm had revenue of $5.80 billion for the quarter, compared to analyst estimates of $5.91 billion. The business’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.32 EPS. Equities research analysts predict that US Foods will post $1.48 earnings per share for the current year.
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Several analysts have recently commented on the company. BMO Capital Markets reiterated a “hold” rating on shares of US Foods in a report on Wednesday, November 9th. Zacks Investment Research upgraded US Foods from a “hold” rating to a “buy” rating and set a $28.00 price objective for the company in a report on Tuesday, August 23rd. Finally, Citigroup Inc. reiterated a “buy” rating and set a $27.00 price objective (down previously from $30.00) on shares of US Foods in a report on Monday, October 10th. Five investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $27.18.
About US Foods
US Foods Holding Corp. is a holding company. The Company, through its subsidiary, US Foods, Inc (USF), is involved in marketing and distributing fresh, frozen and dry food, and non-food products to foodservice customers across the United States. The Company serves various customers, which include 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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