Jupiter Asset Management Ltd. purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 1,391,487 shares of the company's stock, valued at approximately $91,087,000. US Foods accounts for approximately 0.9% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 15th biggest position. Jupiter Asset Management Ltd. owned 0.60% of US Foods as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of USFD. Blueshift Asset Management LLC acquired a new stake in shares of US Foods during the 1st quarter valued at about $1,915,000. Commerce Bank bought a new position in shares of US Foods in the 1st quarter valued at approximately $47,049,000. Cordatus Wealth Management LLC bought a new position in shares of US Foods in the 1st quarter valued at approximately $203,000. Natixis Advisors LLC raised its stake in shares of US Foods by 5.6% in the 1st quarter. Natixis Advisors LLC now owns 155,781 shares of the company's stock valued at $10,197,000 after acquiring an additional 8,248 shares in the last quarter. Finally, Vestcor Inc raised its stake in shares of US Foods by 24.0% in the 1st quarter. Vestcor Inc now owns 25,040 shares of the company's stock valued at $1,639,000 after acquiring an additional 4,840 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, EVP Dirk J. Locascio sold 7,500 shares of the company's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the sale, the executive vice president owned 115,077 shares in the company, valued at approximately $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Corporate insiders own 0.60% of the company's stock.
US Foods Price Performance
US Foods stock traded up $2.38 on Wednesday, reaching $84.80. The company's stock had a trading volume of 2,613,174 shares, compared to its average volume of 2,210,008. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The company has a market cap of $19.62 billion, a price-to-earnings ratio of 38.90, a PEG ratio of 1.21 and a beta of 1.44. The business's fifty day moving average price is $79.35 and its 200 day moving average price is $72.08. US Foods Holding Corp. has a twelve month low of $50.49 and a twelve month high of $85.11.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data 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). 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%. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.54 earnings per share. Equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of research analysts recently weighed in on USFD shares. Citigroup initiated coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective on the stock. UBS Group lifted their price target on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Guggenheim reaffirmed a "buy" rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $89.00 price target (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average price target of $78.42.
Check Out Our Latest Report on US Foods
US Foods Profile
(
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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