Kestra Private Wealth Services LLC Takes Position in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Kestra Private Wealth Services LLC has acquired a new stake in US Foods Holding Corp. by purchasing 3,371 shares valued at approximately $221,000.
• US Foods reported a quarterly earnings miss with an EPS of $0.68, falling short of analysts' expectations of $0.69, despite a year-over-year revenue increase of 4.5% to $9.35 billion.
• Several analysts increased their price targets for US Foods, with UBS raising it to $96.00 and Barclays setting a target at $95.00, reflecting a positive outlook on the stock.

Kestra Private Wealth Services LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 3,371 shares of the company's stock, valued at approximately $221,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Norges Bank bought a new stake in shares of US Foods during the fourth quarter worth $211,300,000. Raymond James Financial Inc. bought a new stake in US Foods during the 4th quarter worth $48,611,000. AQR Capital Management LLC grew its position in 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 last quarter. Arrowstreet Capital Limited Partnership increased its holdings in US Foods by 307.1% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock worth $43,145,000 after purchasing an additional 482,461 shares in the last quarter. Finally, Renaissance Technologies LLC raised its position in US Foods by 240.4% in the fourth quarter. Renaissance Technologies LLC now owns 612,000 shares of the company's stock valued at $41,286,000 after purchasing an additional 432,200 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 0.60% of the company's stock.

US Foods Trading Up 0.1%

Shares of US Foods stock traded up $0.06 during midday trading on Friday, reaching $83.39. The company had a trading volume of 620,757 shares, compared to its average volume of 2,203,680. The stock has a fifty day moving average price of $78.81 and a 200 day moving average price of $71.62. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a market cap of $19.29 billion, a PE ratio of 38.28, a P/E/G ratio of 1.23 and a beta of 1.41. US Foods Holding Corp. has a fifty-two week low of $50.49 and a fifty-two week high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the firm posted $0.54 earnings per share. US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on USFD shares. Citigroup started coverage on US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Guggenheim reissued a "buy" rating and set a $80.00 price target on shares of US Foods in a research note on Monday, May 12th. UBS Group lifted their price target on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday. Wells Fargo & Company reissued an "overweight" rating on shares of US Foods in a research note on Sunday, July 13th. Finally, Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. One equities research 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Buy" and an average 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.