US Foods Holding Corp. (NYSE:USFD) Shares Purchased by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. increased its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 8.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 441,218 shares of the company's stock after purchasing an additional 33,607 shares during the quarter. Assenagon Asset Management S.A. owned 0.19% of US Foods worth $28,882,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of USFD. Sumitomo Mitsui Trust Group Inc. acquired a new stake in shares of US Foods during the fourth quarter worth $560,000. Savant Capital LLC lifted its holdings in shares of US Foods by 35.8% during the fourth quarter. Savant Capital LLC now owns 6,932 shares of the company's stock worth $468,000 after purchasing an additional 1,829 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in shares of US Foods by 2.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company's stock worth $588,000 after purchasing an additional 206 shares during the period. New York State Teachers Retirement System raised its position in US Foods by 3.7% in the fourth quarter. New York State Teachers Retirement System now owns 145,163 shares of the company's stock worth $9,793,000 after acquiring an additional 5,123 shares in the last quarter. Finally, New Mexico Educational Retirement Board raised its position in US Foods by 11.0% in the fourth quarter. New Mexico Educational Retirement Board now owns 49,736 shares of the company's stock worth $3,355,000 after acquiring an additional 4,936 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Price Performance

Shares of USFD stock traded down $1.26 during mid-day trading on Friday, reaching $75.40. The stock had a trading volume of 1,583,575 shares, compared to its average volume of 2,028,699. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company has a market cap of $17.44 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 1.03 and a beta of 1.44. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $79.64. The business has a 50-day simple moving average of $70.83 and a 200 day simple moving average of $69.14.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The company had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the previous year, the business earned $0.54 EPS. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

USFD has been the subject of several research analyst reports. Citigroup initiated coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. JPMorgan Chase & Co. increased their price objective on US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research report on Tuesday, May 20th. Barclays increased 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. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, Guggenheim restated a "buy" rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $76.75.

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.