Charles Schwab Investment Management Inc. Decreases Stake in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Charles Schwab Investment Management Inc. reduced its stake in US Foods Holding Corp. by 0.3%, now owning approximately $108.21 million worth of shares, representing 0.72% of the company.
• Research firms have issued favorable ratings for US Foods, with Morgan Stanley and Barclays setting price targets as high as $95.00, indicating strong confidence in the company's growth potential.
• US Foods reported earnings of $1.19 per share for the most recent quarter, surpassing analysts' expectations and reflecting a 3.8% year-over-year increase in revenue.

Charles Schwab Investment Management Inc. trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 0.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,653,067 shares of the company's stock after selling 4,985 shares during the quarter. Charles Schwab Investment Management Inc. owned 0.72% of US Foods worth $108,210,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of USFD. Ameriprise Financial Inc. boosted its stake in shares of US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after buying an additional 36,307 shares during the period. Northern Trust Corp boosted its stake in shares of US Foods by 25.0% in the 4th quarter. Northern Trust Corp now owns 2,029,419 shares of the company's stock valued at $136,905,000 after buying an additional 405,871 shares during the period. Primecap Management Co. CA boosted its stake in shares of US Foods by 194.6% in the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock valued at $127,084,000 after buying an additional 1,282,379 shares during the period. Silvercrest Asset Management Group LLC boosted its stake in shares of US Foods by 3.4% in the 4th quarter. Silvercrest Asset Management Group LLC now owns 1,636,092 shares of the company's stock valued at $110,371,000 after buying an additional 53,460 shares during the period. Finally, Jupiter Asset Management Ltd. purchased a new position in shares of US Foods in the 1st quarter valued at about $91,087,000. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Stock Performance

USFD traded down $1.57 during trading on Thursday, hitting $77.08. 2,317,789 shares of the stock were exchanged, compared to its average volume of 2,263,347. The firm has a market capitalization 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 1-year low of $56.42 and a 1-year high of $85.11. The stock has a fifty day moving average price of $79.57 and a two-hundred day moving average price of $72.52. The company has a quick ratio of 0.73, 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 earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The business had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The company's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.93 earnings per share. As a group, sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the transaction, the executive vice president 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 SEC, which is accessible through this hyperlink. Insiders own 0.60% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Morgan Stanley reiterated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. 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 research note on Wednesday, June 25th. 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. Wells Fargo & Company restated an "overweight" rating and set a $87.00 target price (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Finally, Guggenheim set a $88.00 target price on US Foods and gave the stock a "buy" rating in a research note on Monday. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, US Foods currently has an average rating of "Buy" and an average target price of $80.55.

About US Foods

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.