AIA Group Ltd Purchases Shares of 25,000 US Foods Holding Corp. (NYSE:USFD)

Key Points

• AIA Group Ltd acquired a new stake in US Foods Holding Corp. by purchasing 25,000 shares valued at approximately $1.636 million.
• US Foods stock reported a quarterly earnings per share (EPS) of $1.19, exceeding analysts' expectations and showing a year-over-year revenue increase of 3.8%.
• Institutional investors and hedge funds own 98.76% of US Foods' stock, highlighting substantial confidence from large financial entities.

AIA Group Ltd purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 25,000 shares of the company's stock, valued at approximately $1,636,000.

A number of other institutional investors have also made changes to their positions in the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of US Foods by 14.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after purchasing an additional 1,200 shares during the last quarter. GAMMA Investing LLC boosted its position in shares of US Foods by 16.0% during the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after buying an additional 478 shares during the period. Jupiter Asset Management Ltd. acquired a new position in shares of US Foods during the first quarter worth approximately $91,087,000. Allianz Asset Management GmbH boosted its position in shares of US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after buying an additional 63,288 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its position in shares of US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after buying an additional 13,821 shares during the period. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

Shares of NYSE USFD traded down $1.57 during trading on Thursday, hitting $77.08. The company had a trading volume of 2,317,789 shares, compared to its average volume of 2,263,347. The company has a market cap of $17.36 billion, a P/E ratio of 32.94, a PEG ratio of 1.11 and a beta of 1.44. US Foods Holding Corp. has a 52 week low of $56.42 and a 52 week high of $85.11. The business's 50-day moving average is $79.56 and its 200 day moving average is $72.56. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17.

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

Analysts Set New Price Targets

Several brokerages have recently issued reports on USFD. 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. Guggenheim set a $88.00 price objective on US Foods and gave the stock a "buy" rating in a research report on Monday. Morgan Stanley reiterated an "overweight" rating and set a $89.00 price objective (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. Barclays boosted their price objective on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Wells Fargo & Company reiterated an "overweight" rating and set a $87.00 price objective (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. One analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus price target of $80.55.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction on 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 in the company, valued at approximately $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 accessible through this link. 0.60% of the stock is currently owned by company insiders.

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.