Jupiter Asset Management Ltd. Invests $91.09 Million in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Jupiter Asset Management Ltd. has invested approximately $91.09 million in US Foods Holding Corp., acquiring 1,391,487 shares, which make up about 0.9% of their investment portfolio.
• Insider trading activity was noted, with EVP Dirk J. Locascio selling 7,500 shares for $600,000, reducing their ownership by 6.12%.
• US Foods reported a quarterly revenue of $9.35 billion, a 4.5% increase compared to the same quarter last year, but missed consensus earnings estimates.

Jupiter Asset Management Ltd. acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,391,487 shares of the company's stock, valued at approximately $91,087,000. US Foods makes up about 0.9% of Jupiter Asset Management Ltd.'s investment portfolio, making the stock its 15th biggest position. Jupiter Asset Management Ltd. owned about 0.60% of US Foods at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of US Foods by 14.5% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock valued at $622,000 after purchasing an additional 1,200 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of US Foods by 16.0% during the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares in the last quarter. Allianz Asset Management GmbH grew its position in US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after buying an additional 63,288 shares during the period. Wealth Enhancement Advisory Services LLC increased its holdings in US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after buying an additional 13,821 shares during the last quarter. Finally, Blue Trust Inc. increased its holdings in US Foods by 487.2% during the first 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. 98.76% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods 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 directly owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

US Foods Stock Performance

Shares of US Foods stock opened at $83.28 on Friday. US Foods Holding Corp. has a 1 year low of $50.49 and a 1 year high of $85.11. The firm's 50-day moving average is $79.11 and its 200 day moving average is $71.85. The stock has a market cap of $19.27 billion, a price-to-earnings ratio of 38.20, a PEG ratio of 1.21 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74.

US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 EPS 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 business posted $0.54 earnings per share. US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. Sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of research firms recently issued reports on USFD. Wells Fargo & Company restated an "overweight" rating on shares of US Foods in a report on Sunday, July 13th. Barclays upped their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. lifted their price target on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, Citigroup began coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. One 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 stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Buy" and a consensus price target of $78.42.

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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