APG Asset Management N.V. Has $2.24 Million Stake in US Foods Holding Corp (USFD)
APG Asset Management N.V. trimmed its holdings in US Foods Holding Corp (NYSE:USFD) by 51.7% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 84,100 shares of the company’s stock after selling 90,200 shares during the period. APG Asset Management N.V.’s holdings in US Foods were worth $2,236,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Neuberger Berman Group LLC increased its stake in US Foods by 4.2% in the third quarter. Neuberger Berman Group LLC now owns 5,661,731 shares of the company’s stock valued at $151,168,000 after acquiring an additional 226,546 shares during the last quarter. Thornburg Investment Management Inc. bought a new position in US Foods in the third quarter valued at approximately $55,586,000. First Quadrant L P CA increased its stake in US Foods by 7.8% in the fourth quarter. First Quadrant L P CA now owns 951,415 shares of the company’s stock valued at $30,379,000 after acquiring an additional 68,987 shares during the last quarter. Strs Ohio bought a new position in US Foods in the fourth quarter valued at approximately $24,266,000. Finally, Dimensional Fund Advisors LP bought a new position in US Foods in the third quarter valued at approximately $19,197,000. Institutional investors own 97.10% of the company’s stock.
A number of brokerages recently issued reports on USFD. Royal Bank of Canada reissued a “buy” rating and issued a $38.00 price objective on shares of US Foods in a research note on Friday, February 2nd. Guggenheim reissued a “buy” rating and issued a $40.00 price objective on shares of US Foods in a research note on Sunday, January 28th. Barclays cut shares of US Foods from an “overweight” rating to an “equal weight” rating and set a $32.00 price objective on the stock. in a research note on Tuesday, January 16th. Finally, Zacks Investment Research cut shares of US Foods from a “buy” rating to a “hold” rating in a research note on Friday, January 12th. Five analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. US Foods presently has an average rating of “Buy” and a consensus target price of $33.67.
Shares of US Foods Holding Corp (NYSE:USFD) opened at $30.28 on Thursday. The firm has a market cap of $6,800.00 and a price-to-earnings ratio of 25.88. US Foods Holding Corp has a one year low of $25.43 and a one year high of $33.91. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.81 and a current ratio of 1.40.
US Foods (NYSE:USFD) last posted its earnings results on Tuesday, November 7th. The company reported $0.42 earnings per share for the quarter, topping analysts’ consensus estimates of $0.32 by $0.10. US Foods had a net margin of 1.11% and a return on equity of 12.64%. sell-side analysts expect that US Foods Holding Corp will post 1.16 EPS for the current year.
COPYRIGHT VIOLATION WARNING: “APG Asset Management N.V. Has $2.24 Million Stake in US Foods Holding Corp (USFD)” was published by Daily Political and is the property of of Daily Political. If you are reading this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark & copyright laws. The legal version of this piece can be viewed at https://www.dailypolitical.com/2018/02/08/apg-asset-management-n-v-has-2-24-million-stake-in-us-foods-holding-corp-usfd.html.
About US Foods
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp (NYSE:USFD).
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.