Jag Capital Management LLC Sells 52,961 Shares of US Foods Holding Corp. (NYSE:USFD)

Jag Capital Management LLC cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 22.1% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 186,307 shares of the company's stock after selling 52,961 shares during the quarter. US Foods accounts for approximately 1.6% of Jag Capital Management LLC's holdings, making the stock its 19th biggest holding. Jag Capital Management LLC owned approximately 0.08% of US Foods worth $12,196,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Colonial Trust Co SC purchased a new position in shares of US Foods in the fourth quarter valued at about $25,000. GeoWealth Management LLC grew its position in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after buying an additional 189 shares during the period. Legacy Investment Solutions LLC purchased a new position in shares of US Foods during the fourth quarter valued at approximately $32,000. EverSource Wealth Advisors LLC increased its holdings in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares in the last quarter. Finally, True Wealth Design LLC grew its holdings in shares of US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares during the last quarter. 98.76% of the stock is currently 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 stock in a transaction dated 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 completion of the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at $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 the SEC website. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

USFD has been the topic of several recent analyst reports. Citigroup began coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective on the stock. Morgan Stanley boosted their price objective 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. UBS Group raised their target price on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. JPMorgan Chase & Co. boosted their target price 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. Finally, Guggenheim restated a "buy" rating and issued a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to data from MarketBeat, US Foods has an average rating of "Buy" and an average price target of $77.00.

US Foods Stock Performance

Shares of NYSE USFD traded up $0.40 during trading on Tuesday, hitting $77.41. The company had a trading volume of 1,312,732 shares, compared to its average volume of 2,011,492. The stock has a 50 day simple moving average of $73.84 and a 200 day simple moving average of $69.60. The firm has a market capitalization of $17.91 billion, a P/E ratio of 35.51, a price-to-earnings-growth 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 Holding Corp. has a 12 month low of $50.05 and a 12 month high of $79.64.

US Foods (NYSE:USFD - Get Free Report) last released its earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 EPS. As a group, analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

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.