US Foods Holding Corp. (NYSE:USFD) Shares Sold by Oppenheimer Asset Management Inc.

Oppenheimer Asset Management Inc. cut its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.8% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor 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. Arizona State Retirement System lifted its stake in US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after purchasing an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC lifted its position in shares of US Foods by 59.5% during the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after buying an additional 178 shares during the last quarter. GeoWealth Management LLC boosted its holdings in shares of US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after buying an additional 189 shares in the last quarter. Vestcor Inc grew its position in shares of US Foods by 1.0% in the 4th quarter. Vestcor Inc now owns 20,200 shares of the company's stock valued at $1,363,000 after buying an additional 195 shares during the last quarter. Finally, J.Safra Asset Management Corp grew its position in shares of US Foods by 38.5% in the 4th quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock valued at $55,000 after buying an additional 224 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts have issued reports on USFD shares. Guggenheim restated a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Barclays boosted their price objective on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. UBS Group upped their target price on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley lifted their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. One research 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 company's stock. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and an average target price of $77.00.

US Foods Price Performance

Shares of US Foods stock traded down $0.29 during trading on Monday, hitting $76.98. 1,626,237 shares of the company were exchanged, compared to its average volume of 2,014,277. US Foods Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $79.64. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The firm has a 50 day moving average price of $73.84 and a 200 day moving average price of $69.60. The stock has a market capitalization of $17.81 billion, a price-to-earnings ratio of 35.31, a P/E/G ratio of 1.11 and a beta of 1.44.

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

Insider Transactions at US Foods

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction dated 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 completion of the sale, the executive vice president directly owned 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.60% of the company's stock.

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.