First American Bank acquired a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 38,499 shares of the company's stock, valued at approximately $2,520,000.
Several other institutional investors also recently bought and sold shares of the company. Boston Partners grew its position in US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after purchasing an additional 77,012 shares during the last quarter. JPMorgan Chase & Co. grew its position in US Foods by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after purchasing an additional 292,404 shares during the last quarter. Norges Bank purchased a new stake in US Foods during the 4th quarter valued at about $211,300,000. Artisan Partners Limited Partnership purchased a new stake in US Foods during the 4th quarter valued at about $171,107,000. Finally, Ameriprise Financial Inc. grew its position in US Foods by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after purchasing an additional 36,307 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
Insiders Place Their Bets
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is owned by company insiders.
Analysts Set New Price Targets
Several analysts recently commented on USFD shares. JPMorgan Chase & Co. increased their price objective on shares of US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Barclays raised their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. Morgan Stanley raised their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. Finally, UBS Group raised their price target 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. One 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 stock. According to MarketBeat.com, the stock currently has an average rating of "Buy" and an average target price of $76.75.
Check Out Our Latest Stock Report on USFD
US Foods Stock Performance
Shares of NYSE:USFD traded up $1.12 during trading on Friday, hitting $76.40. The company's stock had a trading volume of 4,879,014 shares, compared to its average volume of 2,021,947. The company has a 50-day moving average of $72.11 and a 200-day moving average of $69.34. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $79.64. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a market cap of $17.68 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 1.10 and a beta of 1.44.
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 the consensus estimate of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter last year, the company earned $0.54 EPS. US Foods's revenue for the quarter was up 4.5% on a year-over-year basis. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
US Foods Profile
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Free Report)
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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