FMR LLC & Abigail Johnson Report 9.241% Stake in US Foods (USFD)
Ticker: USFD · Form: SC 13G/A · Filed: 2024-02-09T00:00:00.000Z
Sentiment: neutral
Topics: institutional-ownership, passive-investment, amendment, ownership-update
TL;DR
**FMR LLC and Abigail Johnson still own 9.241% of US Foods, showing continued institutional confidence.**
AI Summary
FMR LLC, a major investment firm, and its principal owner, Abigail P. Johnson, have updated their ownership stake in US Foods Holding Corp. (USFD) to 9.241% as of February 9, 2024. This represents a beneficial ownership of 22,721,460 shares of common stock. This filing, an amendment to a previous SC 13G, indicates a significant, but passive, investment by FMR LLC, signaling their continued confidence in US Foods without seeking control. For investors, this means a large, reputable institution maintains a substantial position, which can be a positive signal of long-term value.
Why It Matters
This filing shows that a major institutional investor, FMR LLC, and its leader, Abigail P. Johnson, continue to hold a significant portion of US Foods, which can be seen as a vote of confidence in the company's future. It's important for investors to know who the major shareholders are and how their positions change.
Risk Assessment
Risk Level: low — This filing is an update to a passive investment, indicating no immediate change in control or strategy that would introduce new risks.
Analyst Insight
An investor should note that a major institutional player like FMR LLC maintains a substantial, passive stake in US Foods, which could be a positive indicator of long-term stability, but this filing itself doesn't suggest any immediate catalysts for price movement.
Key Numbers
- 22,721,460 — Shares Beneficially Owned (Represents the total number of US Foods common stock shares FMR LLC and Abigail P. Johnson collectively own.)
- 9.241% — Percent of Class (Indicates the significant portion of US Foods' common stock held by FMR LLC and Abigail P. Johnson, showing their substantial, but non-controlling, investment.)
- 10 — Amendment Number (This is the tenth amendment to the original Schedule 13G, indicating ongoing updates to their ownership position.)
Key Players & Entities
- FMR LLC (company) — reporting person and parent holding company
- Abigail P. Johnson (person) — reporting person, principal owner of FMR LLC
- US Foods Holding Corp. (company) — issuer of the securities
- 22,721,460 (dollar_amount) — total shares beneficially owned by FMR LLC and Abigail P. Johnson
- 9.241% (dollar_amount) — percentage of class owned by FMR LLC and Abigail P. Johnson
Forward-Looking Statements
- FMR LLC will maintain a significant, passive stake in US Foods Holding Corp. for the foreseeable future. (FMR LLC) — high confidence, target: 2025-02-09
- US Foods Holding Corp. will continue to be viewed favorably by institutional investors due to FMR LLC's substantial holding. (US Foods Holding Corp.) — medium confidence, target: 2024-08-09
FAQ
What is the primary purpose of this SC 13G/A filing by FMR LLC?
The primary purpose of this SC 13G/A filing is to amend and update FMR LLC's beneficial ownership of common stock in US Foods Holding Corp., specifically stating their ownership as 9.241% of the class, or 22,721,460 shares, as of February 9, 2024.
Who are the reporting persons in this filing?
The reporting persons in this filing are FMR LLC and Abigail P. Johnson, as stated in Item 1 of the filing for both entities.
What percentage of US Foods Holding Corp. common stock does FMR LLC beneficially own according to this filing?
According to Item 11 on the cover page for FMR LLC and Item 4(b) on page 2, FMR LLC beneficially owns 9.241% of the common stock of US Foods Holding Corp.
How many shares of US Foods Holding Corp. common stock does Abigail P. Johnson have sole power to vote or direct the vote for?
According to Item 5 on the cover page for Abigail P. Johnson, she has sole power to vote or direct the vote for 0 shares.
Under which rule is this Schedule 13G filed, and what does it signify about FMR LLC's intent?
This Schedule 13G is filed pursuant to Rule 13d-1(b), as indicated by the checked box on page 1. This rule is typically used by institutional investors who hold more than 5% of a company's stock but do not intend to influence or control the company, signifying a passive investment intent.
From the Filing
EDGAR Filing Documents for 0000315066-24-001514 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/A - Statement of Beneficial Ownership by Certain Investors: [Amend] SEC Accession No. 0000315066-24-001514 Filing Date 2024-02-09 Accepted 2024-02-09 10:05:20 Documents 1 Document Format Files Seq Description Document Type Size 1 filing.txt SC 13G/A 6643 Complete submission text file 0000315066-24-001514.txt 8331 Mailing Address 245 SUMMER STREET BOSTON MA 02210 Business Address 245 SUMMER STREET BOSTON MA 02210 6175706339 FMR LLC (Filed by) CIK : 0000315066 (see all company filings) EIN. : 043532603 | State of Incorp.: DE | Fiscal Year End: 1231 Type: SC 13G/A SIC : 0000 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/A | Act: 34 | File No.: 005-89839 | Film No.: 24612646 SIC : 5140 Wholesale-Groceries & Related Products (CF Office: 07 Trade & Services)