Cookson Peirce & Co. Inc. Has $30.75 Million Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Cookson Peirce & Co. Inc. reduced its stake in US Foods Holding Corp. by 1.1% during the first quarter, owning 469,723 shares valued at approximately $30.75 million.
• US Foods had a quarterly revenue of $10.08 billion, outperforming the previous year's results, and reported an earnings per share (EPS) of $1.19, beating analyst expectations.
• Institutional investors hold 98.76% of US Foods' stock, with multiple firms increasing their stakes significantly over recent quarters.

Cookson Peirce & Co. Inc. lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 1.1% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 469,723 shares of the company's stock after selling 5,243 shares during the period. US Foods makes up 1.5% of Cookson Peirce & Co. Inc.'s portfolio, making the stock its 21st largest holding. Cookson Peirce & Co. Inc. owned 0.20% of US Foods worth $30,748,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Colonial Trust Co SC acquired a new position in shares of US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC lifted its stake in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Caitong International Asset Management Co. Ltd bought a new position in US Foods in the 1st quarter valued at approximately $31,000. True Wealth Design LLC raised its stake 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 valued at $33,000 after acquiring an additional 298 shares during the last quarter. Finally, Blue Trust Inc. raised its stake in shares of US Foods by 487.2% during the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after acquiring an additional 726 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

US Foods Stock Performance

Shares of USFD stock opened at $78.60 on Thursday. US Foods Holding Corp. has a one year low of $54.03 and a one year high of $85.11. The company's 50-day moving average is $79.57 and its 200 day moving average is $72.52. The company has a market capitalization of $17.70 billion, a price-to-earnings ratio of 33.59, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly 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 firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.93 EPS. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity

In other news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the sale, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.60% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of analysts have commented on the stock. UBS Group upped their price target on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. JPMorgan Chase & Co. raised their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Guggenheim set a $88.00 price target on shares of US Foods and gave the stock a "buy" rating in a report on Monday. Finally, Wells Fargo & Company restated an "overweight" rating and set a $87.00 price target (up from $80.00) on shares of US Foods in a report on Friday, August 8th. One investment 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 data from MarketBeat, US Foods currently has a consensus rating of "Buy" and an average target price of $80.55.

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.

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