Oppenheimer Asset Management Inc. Lowers Position in US Foods Holding Corp. (NYSE:USFD)

Oppenheimer Asset Management Inc. lessened its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.8% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 39,593 shares of the company's stock after selling 4,280 shares during the quarter. Oppenheimer Asset Management Inc.'s holdings in US Foods were worth $2,592,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in USFD. EntryPoint Capital LLC purchased a new stake in US Foods in the fourth quarter worth $357,000. Miracle Mile Advisors LLC bought a new position in shares of US Foods in the first quarter worth about $248,000. Avantax Advisory Services Inc. increased its stake in US Foods by 121.6% in the 4th quarter. Avantax Advisory Services Inc. now owns 11,131 shares of the company's stock worth $751,000 after buying an additional 6,108 shares during the period. Man Group plc lifted its holdings in US Foods by 307.3% during the 4th quarter. Man Group plc now owns 414,629 shares of the company's stock valued at $27,971,000 after buying an additional 312,833 shares in the last quarter. Finally, Redwood Investment Management LLC grew its stake in US Foods by 178.1% in the 4th quarter. Redwood Investment Management LLC now owns 75,653 shares of the company's stock worth $5,104,000 after acquiring an additional 48,448 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on USFD shares. Guggenheim restated a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. Citigroup began 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. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Morgan Stanley boosted their price target on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and a consensus price target of $77.00.

Insider Buying and Selling at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the sale, the executive vice president now owns 115,077 shares of the company's stock, valued at $8,630,775. This represents a 11.53% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.60% of the stock is owned by company insiders.

US Foods Price Performance

NYSE USFD traded up $0.59 during trading hours on Friday, hitting $77.30. 2,603,017 shares of the company's stock traded hands, compared to its average volume of 2,014,663. The company has a market capitalization of $17.88 billion, a PE ratio of 35.46, a PEG ratio of 1.10 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $79.64. The firm's 50-day moving average is $73.22 and its 200-day moving average is $69.49.

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

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.