Qube Research & Technologies Ltd Acquires 344,267 Shares of US Foods Holding Corp. $USFD

Qube Research & Technologies Ltd lifted its holdings in US Foods Holding Corp. (NYSE:USFD) by 23.9% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,787,141 shares of the company’s stock after buying an additional 344,267 shares during the quarter. Qube Research & Technologies Ltd owned about 0.79% of US Foods worth $137,628,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Caitong International Asset Management Co. Ltd acquired a new stake in US Foods in the 1st quarter valued at about $31,000. MAI Capital Management grew its stake in shares of US Foods by 155.6% during the second quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after purchasing an additional 322 shares during the last quarter. V Square Quantitative Management LLC increased its holdings in shares of US Foods by 58.7% in the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after purchasing an additional 200 shares in the last quarter. Assetmark Inc. raised its position in US Foods by 41.1% in the 2nd quarter. Assetmark Inc. now owns 931 shares of the company’s stock worth $72,000 after purchasing an additional 271 shares during the last quarter. Finally, Rosenberg Matthew Hamilton lifted its holdings in US Foods by 1,474.0% during the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock worth $88,000 after buying an additional 1,076 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

USFD has been the subject of several research reports. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Piper Sandler lifted their price objective on US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. Barclays dropped their price objective on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research report on Monday. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has given a Hold rating to the company. According to MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $82.00.

Insiders Place Their Bets

In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. This trade represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.60% of the company’s stock.

US Foods Price Performance

Shares of USFD opened at $75.71 on Thursday. The stock has a market cap of $16.88 billion, a P/E ratio of 31.54, a price-to-earnings-growth ratio of 1.01 and a beta of 1.03. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The stock’s 50-day moving average price is $74.74 and its two-hundred day moving average price is $77.31. 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 (NYSE:USFD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the prior year, the business posted $0.85 EPS. US Foods’s revenue was up 4.8% on a year-over-year basis. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.