Bank of New York Mellon Corp lessened its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 1.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,729,508 shares of the company's stock after selling 28,966 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.75% of US Foods worth $113,214,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of USFD. Norges Bank bought a new position in US Foods during the 4th quarter valued at $211,300,000. Artisan Partners Limited Partnership purchased a new stake in shares of US Foods in the fourth quarter valued at about $171,107,000. Raymond James Financial Inc. purchased a new position in US Foods during the fourth quarter worth about $48,611,000. AQR Capital Management LLC grew its position in US Foods by 133.8% in the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company's stock worth $77,708,000 after purchasing an additional 659,283 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew its position in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock worth $43,145,000 after purchasing an additional 482,461 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
Insiders Place Their Bets
In other news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by insiders.
US Foods Stock Performance
USFD traded up $0.37 during trading hours on Thursday, hitting $80.22. The stock had a trading volume of 1,577,753 shares, compared to its average volume of 2,012,191. US Foods Holding Corp. has a 1 year low of $50.15 and a 1 year high of $85.39. The company's fifty day simple moving average is $75.78 and its 200 day simple moving average is $70.09. The stock has a market cap of $18.56 billion, a PE ratio of 36.80, a price-to-earnings-growth ratio of 1.13 and a beta of 1.41. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $9.42 billion. During the same quarter in the prior year, the firm posted $0.54 earnings per share. The firm's quarterly revenue was up 4.5% on a year-over-year basis. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities analysts have commented on USFD shares. Morgan Stanley lifted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. UBS Group boosted their price objective on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Citigroup began coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. JPMorgan Chase & Co. lifted their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Finally, Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. One analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus price target of $77.00.
View Our Latest Analysis on US Foods
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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