US Foods Holding Corp. (NYSE:USFD) Stake Lessened by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. reduced its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 314,865 shares of the company's stock after selling 33,503 shares during the quarter. Envestnet Asset Management Inc. owned 0.14% of US Foods worth $20,611,000 as of its most recent SEC filing.

Other hedge funds have also modified their holdings of the company. EntryPoint Capital LLC purchased a new position in US Foods in the 4th quarter valued at about $357,000. Sumitomo Mitsui Trust Group Inc. lifted its holdings in US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after acquiring an additional 1,200 shares during the last quarter. GAMMA Investing LLC raised its position in US Foods by 16.0% in the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after acquiring an additional 13,821 shares during the period. Finally, Blue Trust Inc. increased its holdings in US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.60% of the company's stock.

US Foods Stock Up 1.1%

Shares of US Foods stock traded up $0.91 during trading on Thursday, reaching $83.86. The company had a trading volume of 2,353,963 shares, compared to its average volume of 2,057,168. The company has a market cap of $19.40 billion, a price-to-earnings ratio of 38.47, a price-to-earnings-growth ratio of 1.17 and a beta of 1.41. The firm's fifty day moving average is $77.38 and its 200-day moving average is $70.65. 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 Holding Corp. has a fifty-two week low of $50.49 and a fifty-two week high of $84.71.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data 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). The business had revenue of $9.35 billion for the quarter, compared to analyst estimates of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. US Foods's revenue was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 EPS. On average, analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on the stock. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Citigroup started coverage on shares of US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. UBS Group raised their price objective on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a research note on Monday. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of US Foods in a research note on Sunday. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $77.42.

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.