QRG Capital Management Inc. Decreases Holdings in US Foods Holding Corp. $USFD

QRG Capital Management Inc. trimmed its holdings in US Foods Holding Corp. (NYSE:USFD) by 41.0% in the third quarter, HoldingsChannel reports. The fund owned 16,660 shares of the company’s stock after selling 11,573 shares during the period. QRG Capital Management Inc.’s holdings in US Foods were worth $1,276,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Geneos Wealth Management Inc. raised its position in US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after purchasing an additional 263 shares during the period. First Horizon Corp purchased a new position in shares of US Foods in the third quarter worth about $39,000. MAI Capital Management lifted its stake in shares of US Foods by 155.6% in the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after acquiring an additional 322 shares during the last quarter. V Square Quantitative Management LLC lifted its stake in shares of US Foods by 58.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after acquiring an additional 200 shares during the last quarter. Finally, Quent Capital LLC purchased a new stake in US Foods during the 3rd quarter valued at about $43,000. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Down 2.6%

Shares of US Foods stock opened at $83.46 on Wednesday. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.85. The company has a market cap of $18.61 billion, a P/E ratio of 34.77, a PEG ratio of 1.08 and a beta of 1.03. The company’s fifty day simple moving average is $76.52 and its two-hundred day simple moving average is $77.46.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same period last year, the company posted $0.85 EPS. The company’s quarterly revenue was up 4.8% compared to the same quarter last year. Research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insiders Place Their Bets

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the sale, the insider directly owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. The trade was a 34.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several analysts have weighed in on USFD shares. Wall Street Zen downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research report on Monday. Citigroup lowered their price target on shares of US Foods from $95.00 to $90.00 and set a “buy” rating for the company in a report on Wednesday, January 7th. Barclays dropped their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Morgan Stanley set a $92.00 price objective on shares of US Foods in a research report on Tuesday. Finally, Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Nine research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $89.50.

US Foods Company Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.