Cordatus Wealth Management LLC Makes New $203,000 Investment in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Cordatus Wealth Management LLC has acquired a new position in US Foods Holding Corp., purchasing 3,100 shares worth approximately $203,000.
• Research firms have expressed positive sentiment about US Foods, with target price increases from JPMorgan and UBS, alongside multiple "buy" ratings.
• US Foods has reported a net revenue of $9.35 billion in its latest earnings release, though it fell slightly short of analysts' expectations.

Cordatus Wealth Management LLC acquired a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 3,100 shares of the company's stock, valued at approximately $203,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. LPL Financial LLC lifted its position in US Foods by 12.1% during the 4th quarter. LPL Financial LLC now owns 108,598 shares of the company's stock worth $7,326,000 after acquiring an additional 11,735 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of US Foods by 10.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,637 shares of the company's stock valued at $2,269,000 after acquiring an additional 3,257 shares during the last quarter. Schroder Investment Management Group increased its holdings in shares of US Foods by 7.4% in the 4th quarter. Schroder Investment Management Group now owns 11,029 shares of the company's stock valued at $746,000 after acquiring an additional 761 shares during the last quarter. O Shaughnessy Asset Management LLC increased its holdings in shares of US Foods by 17.3% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,443 shares of the company's stock valued at $907,000 after acquiring an additional 1,982 shares during the last quarter. Finally, Huntington National Bank increased its holdings in shares of US Foods by 172.4% in the 4th quarter. Huntington National Bank now owns 1,449 shares of the company's stock valued at $98,000 after acquiring an additional 917 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

US Foods Stock Down 0.1%

Shares of USFD traded down $0.05 during trading hours on Friday, hitting $83.28. 1,898,482 shares of the company were exchanged, compared to its average volume of 2,330,051. The company has a market cap of $19.27 billion, a PE ratio of 38.20, a PEG ratio of 1.21 and a beta of 1.44. The firm's 50 day moving average is $79.11 and its 200-day moving average is $71.88. US Foods Holding Corp. has a 52 week low of $50.49 and a 52 week high of $85.11. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the previous year, the company earned $0.54 EPS. US Foods's revenue for the quarter was up 4.5% compared to the same quarter last year. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the firm'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 completion of the sale, the executive vice president owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on USFD shares. Wells Fargo & Company reiterated an "overweight" rating on shares of US Foods in a report on Sunday, July 13th. Barclays upped their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. upped their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. Finally, UBS Group boosted their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $78.42.

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.