LGT Group Foundation Trims Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Key Points

• LGT Group Foundation sold 6,555 shares of US Foods Holding Corp., reducing its holdings by 18.9%, leaving it with 28,065 shares valued at approximately $1.84 million.
• US Foods reported quarterly earnings of $1.19 EPS, exceeding analyst estimates, with total revenue of $10.08 billion, representing a year-over-year increase of 3.8%.
• Brokerage analysts have varied assessments of US Foods, with a consensus rating of "Buy" and price targets ranging from $80.55 to $96.00.

LGT Group Foundation lowered its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 18.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 28,065 shares of the company's stock after selling 6,555 shares during the quarter. LGT Group Foundation's holdings in US Foods were worth $1,837,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. AIA Group Ltd purchased a new position in shares of US Foods in the first quarter valued at $1,636,000. Nuveen LLC acquired a new stake in shares of US Foods during the first quarter valued at $52,117,000. Invesco Ltd. boosted its stake in shares of US Foods by 21.8% during the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company's stock valued at $493,964,000 after acquiring an additional 1,350,034 shares during the last quarter. Benjamin Edwards Inc. boosted its stake in shares of US Foods by 5.7% during the first quarter. Benjamin Edwards Inc. now owns 5,669 shares of the company's stock valued at $371,000 after acquiring an additional 308 shares during the last quarter. Finally, AlphaCore Capital LLC acquired a new stake in shares of US Foods during the first quarter valued at $359,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analysts Set New Price Targets

A number of analysts recently commented on the company. Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. UBS Group increased their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company reiterated an "overweight" rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. Barclays increased their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Guggenheim set a $88.00 target price on US Foods and gave the stock a "buy" rating in a research report on Monday. One investment 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 stock. Based on data from MarketBeat, US Foods has an average rating of "Buy" and an average target price of $80.55.

Insiders Place Their Bets

In related news, EVP Dirk J. Locascio sold 7,500 shares of the 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 transaction, the executive vice president owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 0.60% of the company's stock.

US Foods Stock Down 2.0%

Shares of NYSE USFD traded down $1.57 on Thursday, hitting $77.08. The company had a trading volume of 2,317,789 shares, compared to its average volume of 2,582,437. US Foods Holding Corp. has a 12-month low of $56.42 and a 12-month high of $85.11. The business has a 50 day moving average of $79.56 and a two-hundred day moving average of $72.56. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The firm has a market capitalization of $17.36 billion, a P/E ratio of 32.94, a PEG ratio of 1.11 and a beta of 1.44.

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

US Foods Profile

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.