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LPL Financial LLC Purchases 10,446 Shares of US Foods Holding Corp. (NYSE:USFD)

US Foods logo with Consumer Staples background

LPL Financial LLC increased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.6% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 119,044 shares of the company's stock after purchasing an additional 10,446 shares during the period. LPL Financial LLC owned 0.05% of US Foods worth $7,793,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the stock. Sumitomo Mitsui Trust Group Inc. lifted its stake in shares of US Foods by 14.5% in the 1st 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 during the period. GAMMA Investing LLC lifted its stake in shares of US Foods by 16.0% in the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock valued at $226,000 after purchasing an additional 478 shares during the period. Allianz Asset Management GmbH lifted its stake in shares of US Foods by 152.6% in the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock valued at $6,858,000 after purchasing an additional 63,288 shares during the period. Wealth Enhancement Advisory Services LLC increased its position in shares of US Foods by 49.5% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock valued at $2,731,000 after buying an additional 13,821 shares in the last quarter. Finally, Blue Trust Inc. increased its position in shares of US Foods by 487.2% in the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Insider Activity at US Foods

In other 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 transaction of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.60% of the company's stock.

Analyst Ratings Changes

A number of analysts recently commented on the stock. Citigroup assumed coverage on shares of US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. UBS Group upped their price objective on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Wells Fargo & Company restated an "overweight" rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research report on Friday, August 8th. Morgan Stanley restated an "overweight" rating and issued a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research report on Monday, July 14th. Finally, JPMorgan Chase & Co. increased their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. 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 company. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $80.55.

View Our Latest Stock Analysis on US Foods

US Foods Stock Performance

NYSE:USFD traded down $1.64 during mid-day trading on Thursday, hitting $77.02. The stock had a trading volume of 1,002,913 shares, compared to its average volume of 2,254,306. US Foods Holding Corp. has a twelve month low of $56.42 and a twelve month high of $85.11. The stock has a market cap of $17.34 billion, a price-to-earnings ratio of 32.91, a PEG ratio of 1.11 and a beta of 1.44. The company's 50 day simple moving average is $79.57 and its 200 day simple moving average is $72.52. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17.

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

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.

Further Reading

Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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