Envestnet Portfolio Solutions Inc. Cuts Stock Position in US Foods Holding Corp. (NYSE:USFD)

Envestnet Portfolio Solutions Inc. lessened its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 36.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 10,360 shares of the company's stock after selling 5,844 shares during the quarter. Envestnet Portfolio Solutions Inc.'s holdings in US Foods were worth $678,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of USFD. Duncan Williams Asset Management LLC grew its holdings in shares of US Foods by 9.2% during the first quarter. Duncan Williams Asset Management LLC now owns 10,300 shares of the company's stock valued at $674,000 after buying an additional 864 shares during the last quarter. State of Alaska Department of Revenue lifted its position in US Foods by 0.7% during the 1st quarter. State of Alaska Department of Revenue now owns 66,995 shares of the company's stock worth $4,385,000 after acquiring an additional 435 shares during the period. Community Trust & Investment Co. lifted its position in US Foods by 0.6% during the 1st quarter. Community Trust & Investment Co. now owns 230,500 shares of the company's stock worth $15,089,000 after acquiring an additional 1,457 shares during the period. QRG Capital Management Inc. grew its stake in US Foods by 3.7% during the 1st quarter. QRG Capital Management Inc. now owns 26,015 shares of the company's stock valued at $1,703,000 after purchasing an additional 923 shares during the last quarter. Finally, Sowell Financial Services LLC acquired a new position in shares of US Foods in the first quarter valued at about $927,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. JPMorgan Chase & Co. lifted their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Guggenheim reissued a "buy" rating and set a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. UBS Group upped their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Morgan Stanley increased their price objective on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. Finally, Barclays raised their target price on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have given a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and an average target price of $77.00.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction dated Thursday, May 15th. The stock was 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 of the company's stock, 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 SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

US Foods Stock Performance

Shares of USFD traded down $0.29 during trading hours on Monday, hitting $76.98. The stock had a trading volume of 1,626,237 shares, compared to its average volume of 2,014,277. The firm has a 50-day moving average price of $73.84 and a 200 day moving average price of $69.60. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $79.64. The firm has a market capitalization of $17.81 billion, a price-to-earnings ratio of 35.31, a PEG 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 0.74 and a current ratio of 1.17.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The firm had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same quarter last year, the company posted $0.54 EPS. The company's revenue was up 4.5% on a year-over-year basis. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current 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.