Chicago Partners Investment Group LLC Acquires Shares of 3,647 US Foods Holding Corp. (NYSE:USFD)

Key Points

• Chicago Partners Investment Group LLC acquired 3,647 shares of US Foods Holding Corp. for approximately $252,000 during the first quarter.
• Several large investors, including Envestnet Asset Management and Bank of Nova Scotia, have increased their stakes in US Foods, reflecting growing institutional interest.
• US Foods recently reported quarterly earnings of $1.19 per share, exceeding analysts' expectations, while its stock performance showed significant fluctuations with a one-year low of $51.62 and a high of $85.11.

Chicago Partners Investment Group LLC purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 3,647 shares of the company's stock, valued at approximately $252,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in USFD. Kesler Norman & Wride LLC boosted its stake in US Foods by 1.3% during the first quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock worth $822,000 after buying an additional 160 shares during the period. GeoWealth Management LLC increased its stake 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 buying an additional 189 shares during the period. Signaturefd LLC boosted its holdings in US Foods by 19.7% in the first quarter. Signaturefd LLC now owns 1,302 shares of the company's stock valued at $85,000 after purchasing an additional 214 shares in the last quarter. ProShare Advisors LLC boosted its holdings in US Foods by 2.2% in the fourth quarter. ProShare Advisors LLC now owns 10,898 shares of the company's stock valued at $735,000 after purchasing an additional 238 shares in the last quarter. Finally, MassMutual Private Wealth & Trust FSB lifted its stake in US Foods by 16.8% in the first quarter. MassMutual Private Wealth & Trust FSB now owns 1,724 shares of the company's stock valued at $113,000 after buying an additional 248 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction 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 completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.60% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on USFD shares. Barclays boosted their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. 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. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. Finally, Wells Fargo & Company restated an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat, US Foods currently has a consensus rating of "Buy" and an average price target of $80.55.

US Foods Price Performance

Shares of NYSE:USFD traded down $1.57 on Thursday, hitting $77.08. The company had a trading volume of 2,317,789 shares, compared to its average volume of 2,263,347. US Foods Holding Corp. has a 52-week low of $56.42 and a 52-week high of $85.11. The business has a 50 day moving average of $79.57 and a 200 day moving average of $72.52. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The company has a market cap of $17.36 billion, a PE ratio of 32.94, a PEG ratio of 1.11 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter last year, the firm earned $0.93 earnings per share. The business's revenue was up 3.8% on a year-over-year basis. As a group, equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.