MQS Management LLC purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 6,609 shares of the company's stock, valued at approximately $433,000.
Several other institutional investors and hedge funds also recently made changes to their positions in the stock. CWM LLC grew its stake in US Foods by 91.4% in the 1st quarter. CWM LLC now owns 49,925 shares of the company's stock valued at $3,268,000 after buying an additional 23,841 shares during the last quarter. Schechter Investment Advisors LLC grew its stake in US Foods by 9.9% in the 1st quarter. Schechter Investment Advisors LLC now owns 12,806 shares of the company's stock valued at $838,000 after buying an additional 1,155 shares during the last quarter. Kesler Norman & Wride LLC grew its stake in US Foods by 1.3% in the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after buying an additional 160 shares during the last quarter. Cerity Partners LLC raised its stake in US Foods by 12.4% in the 1st quarter. Cerity Partners LLC now owns 39,815 shares of the company's stock worth $2,606,000 after purchasing an additional 4,402 shares in the last quarter. Finally, TD Private Client Wealth LLC raised its stake in US Foods by 8.2% in the 1st quarter. TD Private Client Wealth LLC now owns 14,507 shares of the company's stock worth $950,000 after purchasing an additional 1,104 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Down 1.1%
US Foods stock traded down $0.90 during midday trading on Tuesday, reaching $81.07. The stock had a trading volume of 3,304,916 shares, compared to its average volume of 2,042,722. US Foods Holding Corp. has a 12 month low of $50.49 and a 12 month high of $82.55. The company has a market capitalization of $18.76 billion, a P/E ratio of 37.19, a PEG ratio of 1.18 and a beta of 1.41. The company has a fifty day moving average price of $76.86 and a two-hundred day moving average price of $70.45. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the previous year, the business posted $0.54 EPS. US Foods's revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Ratings Changes
USFD has been the subject of several analyst reports. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday. Wells Fargo & Company reissued an "overweight" rating on shares of US Foods in a report on Sunday. JPMorgan Chase & Co. increased their target price on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Citigroup assumed coverage on US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Finally, Guggenheim restated a "buy" rating and set a $80.00 price target on shares of US Foods in a report on Monday, May 12th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Buy" and an average target price of $77.42.
Read Our Latest Research Report on US Foods
Insider Transactions at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction dated Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.60% of the company's stock.
US Foods Company Profile
(
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.
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