Janney Montgomery Scott LLC grew its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 202.4% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 64,085 shares of the company's stock after acquiring an additional 42,892 shares during the period. Janney Montgomery Scott LLC's holdings in US Foods were worth $4,195,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Norges Bank bought a new position in US Foods in the fourth quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership bought a new stake in US Foods during the fourth quarter worth about $171,107,000. Raymond James Financial Inc. acquired a new stake in US Foods in the fourth quarter valued at $48,611,000. AQR Capital Management LLC boosted its stake in shares of US Foods by 133.8% during the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company's stock worth $77,708,000 after acquiring an additional 659,283 shares during the period. Finally, Arrowstreet Capital Limited Partnership grew its stake in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock valued at $43,145,000 after buying an additional 482,461 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Performance
Shares of USFD stock opened at $76.32 on Tuesday. The company has a 50 day moving average price of $72.37 and a 200-day moving average price of $69.35. The firm has a market capitalization of $17.66 billion, a PE ratio of 35.01, a P/E/G ratio of 1.10 and a beta of 1.44. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $79.64. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results 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 in the previous year, the company earned $0.54 earnings per share. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Insider Transactions at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction dated 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 approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company's stock.
Analysts Set New Price Targets
Several research analysts have recently commented on USFD shares. 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. Citigroup started coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Morgan Stanley raised their price objective on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, 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. 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $76.75.
Read Our Latest Analysis on USFD
About US Foods
(
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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