Mackenzie Financial Corp Has $13.40 Million Position in US Foods Holding Corp. $USFD

by · The Cerbat Gem

Mackenzie Financial Corp lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 38.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 173,955 shares of the company’s stock after selling 107,710 shares during the period. Mackenzie Financial Corp owned approximately 0.08% of US Foods worth $13,396,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the business. LPL Financial LLC increased its position in US Foods by 9.6% in the 1st quarter. LPL Financial LLC now owns 119,044 shares of the company’s stock worth $7,793,000 after buying an additional 10,446 shares during the period. PNC Financial Services Group Inc. grew its stake in shares of US Foods by 25.4% in the first quarter. PNC Financial Services Group Inc. now owns 15,325 shares of the company’s stock worth $1,003,000 after acquiring an additional 3,106 shares during the last quarter. Intrust Bank NA raised its stake in US Foods by 13.9% during the 1st quarter. Intrust Bank NA now owns 5,236 shares of the company’s stock valued at $343,000 after purchasing an additional 637 shares during the last quarter. Primecap Management Co. CA raised its stake in US Foods by 194.6% during the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company’s stock valued at $127,084,000 after purchasing an additional 1,282,379 shares during the last quarter. Finally, Chicago Partners Investment Group LLC bought a new stake in US Foods in the 1st quarter valued at $252,000. Institutional investors own 98.76% of the company’s stock.

Insiders Place Their Bets

In other news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction that occurred 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 completion of the transaction, the insider owned 113,410 shares in the company, valued at approximately $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

USFD has been the topic of several research reports. Piper Sandler boosted their price objective 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. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Barclays cut their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, November 28th. Finally, Weiss Ratings restated a “buy (b)” rating on shares of US Foods in a research note on Monday. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus price target of $82.00.

Check Out Our Latest Stock Analysis on USFD

US Foods Trading Down 0.6%

Shares of USFD opened at $77.04 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. The stock has a market cap of $17.18 billion, a PE ratio of 32.10, a PEG ratio of 1.05 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 has a 50 day simple moving average of $74.86 and a 200-day simple moving average of $77.37.

US Foods (NYSE:USFD – Get Free Report) last posted its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.02. The business had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.85 EPS. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

About US Foods

(Free Report)

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.

Further Reading

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