Jag Capital Management LLC Cuts Stock Position in US Foods Holding Corp. (NYSE:USFD)

Jag Capital Management LLC lessened its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 22.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 186,307 shares of the company's stock after selling 52,961 shares during the quarter. US Foods makes up 1.6% of Jag Capital Management LLC's investment portfolio, making the stock its 19th largest holding. Jag Capital Management LLC owned approximately 0.08% of US Foods worth $12,196,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently modified their holdings of the company. Boston Partners raised its holdings in shares of US Foods by 0.6% in the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after buying an additional 77,012 shares during the period. JPMorgan Chase & Co. raised 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 valued at $290,369,000 after buying an additional 292,404 shares during the period. Norges Bank purchased a new stake in shares of US Foods in the 4th quarter valued at $211,300,000. Artisan Partners Limited Partnership purchased a new stake in shares of US Foods in the 4th quarter valued at $171,107,000. Finally, Ameriprise Financial Inc. raised 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 valued at $144,119,000 after buying an additional 36,307 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently commented on the company. Guggenheim reissued a "buy" rating and set a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. JPMorgan Chase & Co. boosted their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price for the company. Finally, UBS Group boosted their target price on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average target price of $77.00.

US Foods Trading Up 0.8%

NYSE:USFD opened at $77.30 on Friday. The stock has a 50-day simple moving average of $73.52 and a 200-day simple moving average of $69.54. The stock has a market cap of $17.88 billion, a P/E ratio of 35.46, a P/E/G ratio of 1.11 and a beta of 1.44. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $79.64. 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 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 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%. The company's revenue was up 4.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.54 earnings per share. As a group, analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

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 sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

About US Foods

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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