US Foods Holding Corp. (NYSE:USFD) Shares Sold by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. reduced its stake in US Foods Holding Corp. by 37.8%, owning 2,677,405 shares worth approximately $175.26 million after the sale.
• Several institutional investors increased their positions in US Foods, with Ontario Teachers Pension Plan Board lifting its stake by 161.1% in the same quarter.
• US Foods reported a quarterly earnings of $1.19 per share, exceeding analysts' estimates, despite revenue slightly missing projections at $10.08 billion.

JPMorgan Chase & Co. decreased its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 37.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,677,405 shares of the company's stock after selling 1,626,905 shares during the period. JPMorgan Chase & Co. owned approximately 1.16% of US Foods worth $175,263,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Colonial Trust Co SC acquired a new stake in shares of US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC increased its holdings in shares of US Foods by 94.5% during 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 last quarter. True Wealth Design LLC increased its holdings in shares of US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after buying an additional 298 shares during the last quarter. Blue Trust Inc. increased its holdings in shares of US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after buying an additional 726 shares during the last quarter. Finally, Signaturefd LLC increased its holdings in shares of US Foods by 19.7% during the 1st quarter. Signaturefd LLC now owns 1,302 shares of the company's stock worth $85,000 after buying an additional 214 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports 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. Morgan Stanley restated an "overweight" rating and set a $89.00 price target (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. Citigroup assumed coverage on shares of US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target for the company. Guggenheim lifted their target price on shares of US Foods from $80.00 to $88.00 and gave the company a "buy" rating in a report on Monday, August 11th. Finally, JPMorgan Chase & Co. lifted their target price on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday, June 25th. One research analyst has rated the stock with a hold rating, nine have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $80.55.

Insider Buying and Selling

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. 0.60% of the stock is owned by corporate insiders.

US Foods Stock Down 1.1%

USFD stock traded down $0.84 during midday trading on Friday, hitting $76.30. The company's stock had a trading volume of 2,486,170 shares, compared to its average volume of 2,584,333. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 52-week low of $56.47 and a 52-week high of $85.11. The firm has a market capitalization of $17.18 billion, a P/E ratio of 32.61, a PEG ratio of 1.08 and a beta of 1.44. The firm has a 50-day simple moving average of $79.53 and a 200-day simple moving average of $72.61.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, beating the consensus estimate of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The company had revenue of $10.08 billion during the quarter, compared to analysts' expectations of $10.17 billion. During the same quarter last year, the company posted $0.93 EPS. The firm's revenue was up 3.8% compared to the same quarter last year. As a group, equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS 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.