Avalon Trust Co Has $9.12 Million Stake in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Avalon Trust Co significantly increased its stake in US Foods Holding Corp. by 92,766.7% in Q1, owning approximately 139,300 shares valued at $9.12 million.
• Institutional investors control 98.76% of US Foods' stock, with several firms, including Sumitomo Mitsui Trust Group and Allianz Asset Management, also boosting their positions.
• Analysts have recently set new price targets for US Foods, raising JPMorgan's target from $82.00 to $85.00 and Barclays from $85.00 to $95.00, while most ratings remain bullish.

Avalon Trust Co lifted its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 92,766.7% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 139,300 shares of the company's stock after buying an additional 139,150 shares during the period. Avalon Trust Co owned approximately 0.06% of US Foods worth $9,119,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in the stock. Sumitomo Mitsui Trust Group Inc. raised its position in shares of US Foods by 14.5% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after buying an additional 1,200 shares in the last quarter. GAMMA Investing LLC increased its stake in US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after acquiring an additional 478 shares during the last quarter. Allianz Asset Management GmbH increased its stake in US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after acquiring an additional 63,288 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after purchasing an additional 13,821 shares in the last quarter. Finally, Blue Trust Inc. lifted its stake in US Foods by 487.2% during 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. Institutional investors and hedge funds own 98.76% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on USFD. JPMorgan Chase & Co. lifted their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Wells Fargo & Company reaffirmed an "overweight" rating on shares of US Foods in a research note on Sunday, July 13th. Guggenheim reiterated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. Barclays boosted their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Finally, Citigroup assumed coverage on shares of US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. One equities 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. According to MarketBeat, the stock presently has an average rating of "Buy" and an average target price of $78.42.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president owned 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% 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. Company insiders own 0.60% of the company's stock.

US Foods Stock Performance

NYSE:USFD opened at $83.28 on Friday. The stock's 50-day moving average is $79.11 and its 200-day moving average is $71.88. US Foods Holding Corp. has a 1-year low of $50.49 and a 1-year high of $85.11. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The stock has a market cap of $19.27 billion, a P/E ratio of 38.20, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last posted its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Equities research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

US Foods Company 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.