BlackRock Discloses Passive Stake in US Foods Holding Corp.
Ticker: USFD · Form: SC 13G · Filed: 2024-01-26T00:00:00.000Z
Sentiment: bullish
Topics: institutional-ownership, passive-investment, form-13g
TL;DR
**BlackRock just confirmed a big passive stake in US Foods, a bullish sign for the stock.**
AI Summary
BlackRock Inc. filed an SC 13G on January 26, 2024, disclosing its ownership of US Foods Holding Corp. (NYSE: USFD) common stock as of December 31, 2023. This filing indicates that BlackRock, a major institutional investor, holds a significant passive stake in US Foods, signaling its confidence in the company's long-term prospects. For investors, this means a large, influential fund manager sees value in US Foods, which can be a positive signal for the stock's stability and future performance.
Why It Matters
When a major institutional investor like BlackRock holds a significant stake, it often signals a vote of confidence in the company's management and future outlook, potentially attracting other investors.
Risk Assessment
Risk Level: low — This filing is a routine disclosure of a passive investment by a large institutional investor, indicating no immediate negative risks.
Analyst Insight
A smart investor would view BlackRock's passive stake as a positive signal, potentially indicating long-term value in US Foods Holding Corp., and might consider further research into the company's fundamentals.
Key Players & Entities
- BlackRock Inc. (company) — the reporting person and institutional investor
- US Foods Holding Corp. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 26, 2024 (date) — the filing date of the SC 13G
Forward-Looking Statements
- BlackRock will maintain its passive stake in US Foods Holding Corp. for the foreseeable future. (BlackRock Inc.) — high confidence, target: December 31, 2024
- US Foods Holding Corp. stock may experience increased investor confidence due to BlackRock's disclosed stake. (US Foods Holding Corp.) — medium confidence, target: June 30, 2024
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically designated under Rule 13d-1(b) of the Securities Exchange Act of 1934, indicating a passive investment by an institutional investor.
Who is the reporting person in this SC 13G filing?
The reporting person is BlackRock, Inc., a major asset management firm with its business address at 50 Hudson Yards, New York, NY.
Which company's securities are the subject of this filing?
The subject company is US Foods Holding Corp., identified by CIK 0001665918, with its business address at 9399 W. Higgins Rd., Suite 100, Rosemont, IL.
What is the CUSIP number for the securities reported?
The CUSIP number for the Common Stock of US Foods Holding Corp. is 912008109.
What was the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' was December 31, 2023.
From the Filing
EDGAR Filing Documents for 0001086364-24-004416 This page uses Javascript. Your browser either doesn't support Javascript or you have it turned off. To see this page as it is meant to appear please use a Javascript enabled browser. SEC.gov EDGAR Latest Filings Filings search tools Filing Detail SEC Home Company Search Current Page Form SC 13G - Statement of Beneficial Ownership by Certain Investors: SEC Accession No. 0001086364-24-004416 Filing Date 2024-01-26 Accepted 2024-01-26 11:49:46 Documents 1 Document Format Files Seq Description Document Type Size 1 us9120081099_012624.txt SC 13G 11847 Complete submission text file 0001086364-24-004416.txt 13680 Mailing Address 50 HUDSON YARDS NEW YORK NY 10001 Business Address 50 HUDSON YARDS NEW YORK NY 10001 212-810-5300 BlackRock Inc. (Filed by) CIK : 0001364742 (see all company filings) EIN. : 320174431 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G SIC : 6211 Security Brokers, Dealers & Flotation Companies (CF Office: 02 Finance) Mailing Address 9399 W. HIGGINS RD. SUITE 100 ROSEMONT IL 60018 Business Address 9399 W. HIGGINS RD. SUITE 100 ROSEMONT IL 60018 8477208000 US Foods Holding Corp. (Subject) CIK : 0001665918 (see all company filings) EIN. : 260347906 | State of Incorp.: IL | Fiscal Year End: 0101 Type: SC 13G | Act: 34 | File No.: 005-89839 | Film No.: 24565915 SIC : 5140 Wholesale-Groceries & Related Products (CF Office: 07 Trade & Services)