Nuveen LLC Acquires New Stake in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Nuveen LLC acquired 796,163 shares of US Foods Holding Corp., valued at approximately $52 million, increasing their ownership to about 0.35% of the company.
• Several analysts have issued new price targets for US Foods, with Barclays raising their price objective to $95.00, while the consensus rating on the stock is "Buy" with a target of $80.55.
• US Foods reported an EPS of $1.19 for the latest quarter, exceeding analyst expectations and showcasing a year-over-year revenue increase of 3.8%.

Nuveen LLC acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 796,163 shares of the company's stock, valued at approximately $52,117,000. Nuveen LLC owned approximately 0.35% of US Foods as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the company. Colonial Trust Co SC purchased a new stake in US Foods in the 4th quarter valued at $25,000. GeoWealth Management LLC raised its position in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after buying an additional 189 shares during the last quarter. True Wealth Design LLC boosted its position in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after purchasing an additional 298 shares during the last quarter. Blue Trust Inc. boosted its position in US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after purchasing an additional 726 shares during the last quarter. Finally, Signaturefd LLC boosted its position in US Foods by 19.7% in the first quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after purchasing an additional 214 shares during the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

USFD has been the topic of several research analyst reports. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Wells Fargo & Company reaffirmed an "overweight" rating and set a $87.00 price target (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Guggenheim upped their price target on US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a research report on Monday, August 11th. Finally, Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and an average target price of $80.55.

US Foods Stock Down 1.1%

NYSE:USFD traded down $0.84 during trading hours on Friday, reaching $76.30. 2,486,170 shares of the company traded hands, compared to its average volume of 2,584,333. The business's 50-day moving average price is $79.53 and its two-hundred day moving average price is $72.61. The stock has a market capitalization of $17.18 billion, a P/E ratio of 32.61, a P/E/G ratio of 1.08 and a beta of 1.44. US Foods Holding Corp. has a 1 year low of $56.47 and a 1 year high of $85.11. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 earnings per share. Analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.60% of the stock is currently owned by insiders.

About US Foods

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.