Moran Wealth Management LLC Makes New $6.90 Million Investment in US Foods Holding Corp. (NYSE:USFD)

Moran Wealth Management LLC bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 105,351 shares of the company's stock, valued at approximately $6,896,000.

Other large investors have also bought and sold shares of the company. EntryPoint Capital LLC bought a new position in US Foods during the 4th quarter worth $357,000. Longbow Finance SA bought a new position in US Foods during the 4th quarter worth $9,001,000. Blue Trust Inc. raised its position in US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company's stock worth $57,000 after purchasing an additional 726 shares during the last quarter. Miracle Mile Advisors LLC bought a new position in US Foods during the 1st quarter worth $248,000. Finally, Avantax Advisory Services Inc. raised its position in US Foods by 121.6% during the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after purchasing an additional 6,108 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

US Foods Stock Up 0.8%

Shares of USFD traded up $0.59 during trading hours on Friday, hitting $77.30. The stock had a trading volume of 2,603,017 shares, compared to its average volume of 2,015,835. 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 50 day simple moving average of $73.52 and a 200-day simple moving average of $69.54. The firm has a market capitalization of $17.88 billion, a P/E ratio of 35.46, a price-to-earnings-growth ratio of 1.11 and a beta of 1.44. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $79.64.

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

Analyst Ratings Changes

Several research analysts recently issued reports on USFD shares. UBS Group raised their target price on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Citigroup started coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective for the company. Morgan Stanley lifted their price objective on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Finally, JPMorgan Chase & Co. lifted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the company has a consensus rating of "Buy" and an average target price of $77.00.

Insider Activity

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 transaction of $1,125,000.00. Following the completion of the sale, the executive vice president now directly owns 115,077 shares of the company's stock, valued at approximately $8,630,775. The trade was a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.60% of the stock is currently owned by company insiders.

US Foods Company 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.