Ontario Teachers Pension Plan Board Grows Holdings in US Foods Holding Corp. (NYSE:USFD)

Key Points

• The Ontario Teachers Pension Plan Board increased its holdings in US Foods Holding Corp. by 161.1% during the first quarter, owning nearly $1.31 million worth of shares.
• US Foods reported an EPS of $1.19 for its last quarter, surpassing analysts' estimates of $1.14 and achieving a 3.8% year-over-year revenue increase.
• Institutional investors now own 98.76% of US Foods' stock, reflecting strong interest and confidence in the company among major financial players.

Ontario Teachers Pension Plan Board grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 161.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,944 shares of the company's stock after purchasing an additional 12,307 shares during the quarter. Ontario Teachers Pension Plan Board's holdings in US Foods were worth $1,306,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Wells Fargo & Company MN lifted its position in US Foods by 14.4% during the fourth quarter. Wells Fargo & Company MN now owns 372,058 shares of the company's stock worth $25,099,000 after buying an additional 46,815 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of US Foods by 13.2% during the 4th quarter. Envestnet Asset Management Inc. now owns 348,368 shares of the company's stock worth $23,501,000 after acquiring an additional 40,751 shares during the period. Russell Investments Group Ltd. raised its holdings in shares of US Foods by 118.0% during the 4th quarter. Russell Investments Group Ltd. now owns 202,150 shares of the company's stock worth $13,637,000 after acquiring an additional 109,413 shares during the period. Federated Hermes Inc. boosted its position in shares of US Foods by 53.1% during the 4th quarter. Federated Hermes Inc. now owns 88,692 shares of the company's stock valued at $5,983,000 after acquiring an additional 30,762 shares during the last quarter. Finally, Cerity Partners LLC grew its holdings in shares of US Foods by 5.0% in the fourth quarter. Cerity Partners LLC now owns 35,413 shares of the company's stock valued at $2,296,000 after purchasing an additional 1,678 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Stock Up 0.9%

Shares of NYSE USFD traded up $0.69 during mid-day trading on Tuesday, hitting $78.96. The company had a trading volume of 2,068,368 shares, compared to its average volume of 2,258,555. The business's 50-day simple moving average is $79.53 and its 200 day simple moving average is $72.43. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.73. US Foods Holding Corp. has a 1-year low of $52.28 and a 1-year high of $85.11. The company has a market capitalization of $18.27 billion, a PE ratio of 33.74, a price-to-earnings-growth ratio of 1.16 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. 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 previous year, the firm earned $0.93 earnings per share. The firm's quarterly revenue was up 3.8% on a year-over-year basis. On average, analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Insider Buying and Selling

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

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the stock. Barclays lifted their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price target on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, UBS Group lifted their price objective on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research note on Monday, July 28th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat, US Foods has an average rating of "Buy" and a consensus target price of $80.55.

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.