First American Bank Invests $2.52 Million in US Foods Holding Corp. (NYSE:USFD)

First American Bank acquired a new position in US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 38,499 shares of the company's stock, valued at approximately $2,520,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USFD. Boston Partners grew its position in shares of US Foods by 0.6% during the fourth 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 in the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after acquiring an additional 292,404 shares during the last quarter. Norges Bank bought a new stake in shares of US Foods in the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods in the 4th quarter worth about $171,107,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock worth $144,119,000 after acquiring an additional 36,307 shares during the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $70.00 to $82.00 and gave the stock a "neutral" rating in a research note on Tuesday, May 20th. UBS Group boosted 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 boosted their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, May 12th. One investment 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's stock. According to data from MarketBeat.com, US Foods has an average rating of "Buy" and an average target price of $76.75.

Insider Activity

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred on 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 now owns 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.60% of the company's stock.

US Foods Price Performance

Shares of NYSE USFD traded up $0.38 during mid-day trading on Tuesday, reaching $76.71. The company's stock had a trading volume of 1,578,030 shares, compared to its average volume of 2,019,715. The stock has a 50-day moving average of $72.37 and a two-hundred day moving average of $69.35. The stock has a market capitalization of $17.75 billion, a P/E ratio of 25.19, a P/E/G ratio of 1.10 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 Holding Corp. has a 1-year low of $50.05 and a 1-year high of $81.99.

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 (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). The firm 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 for the quarter was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, equities research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

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.