Blueshift Asset Management LLC purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 29,262 shares of the company's stock, valued at approximately $1,915,000. US Foods accounts for approximately 0.8% of Blueshift Asset Management LLC's investment portfolio, making the stock its 18th biggest position.
Other hedge funds and other institutional investors have also modified their holdings of the company. Colonial Trust Co SC acquired a new stake in shares of US Foods during the fourth quarter valued at approximately $25,000. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. Legacy Investment Solutions LLC acquired a new stake in shares of US Foods during the fourth quarter worth approximately $32,000. True Wealth Design LLC boosted its holdings in shares of US Foods by 153.6% during 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 period. Finally, Blue Trust Inc. boosted its holdings in shares of 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 period. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Performance
US Foods stock traded down $1.15 during trading hours on Tuesday, hitting $82.20. The stock had a trading volume of 1,037,519 shares, compared to its average volume of 2,202,317. The company has a 50-day moving average of $79.26 and a two-hundred day moving average of $72.01. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The company has a market cap of $19.02 billion, a PE ratio of 37.67, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. US Foods Holding Corp. has a fifty-two week low of $50.49 and a fifty-two week high of $85.11.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly 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). The firm had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. US Foods had a net margin of 1.38% and a return on equity of 15.58%. The company's revenue was up 4.5% on a year-over-year basis. During the same period last year, the company earned $0.54 EPS. On average, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analysts Set New Price Targets
USFD has been the subject of several research reports. Wells Fargo & Company restated an "overweight" rating on shares of US Foods in a report on Sunday, July 13th. Morgan Stanley restated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Guggenheim restated a "buy" rating and issued a $80.00 target price on shares of US Foods in a report on Monday, May 12th. Finally, JPMorgan Chase & Co. boosted their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Buy" and an average target price of $78.42.
Check Out Our Latest Analysis on US Foods
Insiders Place Their Bets
In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred 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 sale, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 0.60% of the company's stock.
About US Foods
(
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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