Cannon Global Investment Management LLC Makes New Investment in US Foods Holding Corp. (NYSE:USFD)

Cannon Global Investment Management LLC bought a new stake in US Foods Holding Corp. (NYSE:USFD) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 10,000 shares of the company’s stock, valued at approximately $675,000. US Foods makes up about 1.5% of Cannon Global Investment Management LLC’s investment portfolio, making the stock its 21st biggest position.

Other hedge funds also recently made changes to their positions in the company. LPL Financial LLC grew its stake in shares of US Foods by 12.1% during the fourth quarter. LPL Financial LLC now owns 108,598 shares of the company’s stock valued at $7,326,000 after buying an additional 11,735 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new position in US Foods during the 4th quarter valued at $3,218,000. Hillsdale Investment Management Inc. bought a new position in US Foods in the fourth quarter worth about $758,000. Sei Investments Co. lifted its stake in shares of US Foods by 52.3% in the 4th quarter. Sei Investments Co. now owns 471,717 shares of the company’s stock valued at $31,822,000 after purchasing an additional 161,887 shares during the period. Finally, Quantbot Technologies LP purchased a new position in US Foods during the fourth quarter valued at $1,002,000. 98.76% of the stock is owned by institutional investors.

Insider Transactions at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

US Foods Stock Up 1.5 %

Shares of NYSE USFD opened at $64.36 on Monday. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The stock has a market cap of $14.83 billion, a P/E ratio of 31.86, a PEG ratio of 1.03 and a beta of 1.65. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The business’s fifty day simple moving average is $68.85 and its 200-day simple moving average is $66.23.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

USFD has been the topic of a number of recent research reports. Morgan Stanley increased their target price on US Foods from $76.00 to $82.00 and gave the stock an “overweight” rating in a research note on Tuesday, January 21st. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday. Melius assumed coverage on US Foods in a research note on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. UBS Group upped their price target on shares of US Foods from $77.00 to $83.00 and gave the stock a “buy” rating in a research report on Friday, February 14th. Finally, Barclays raised their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, US Foods has an average rating of “Buy” and an average price target of $71.09.

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.