Pacer Advisors Inc. Lowers Holdings in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Pacer Advisors Inc. has significantly reduced its stake in US Foods Holding Corp. by 84.4%, now holding only 5,430 shares valued at approximately $355,000.
• Despite the cut in holdings, institutional investors and hedge funds collectively own 98.76% of US Foods' stock, indicating strong institutional interest in the company.
• US Foods recently reported earnings of $0.68 per share, missing estimates, with a revenue of $9.35 billion, which was below consensus expectations.

Pacer Advisors Inc. cut its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 84.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,430 shares of the company's stock after selling 29,296 shares during the period. Pacer Advisors Inc.'s holdings in US Foods were worth $355,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Westover Capital Advisors LLC grew its holdings in US Foods by 8.9% during the 1st quarter. Westover Capital Advisors LLC now owns 28,006 shares of the company's stock valued at $1,833,000 after buying an additional 2,284 shares in the last quarter. Avantax Advisory Services Inc. grew its holdings in shares of US Foods by 23.9% in the first quarter. Avantax Advisory Services Inc. now owns 13,788 shares of the company's stock valued at $903,000 after purchasing an additional 2,657 shares in the last quarter. One Wealth Advisors LLC grew its holdings in shares of US Foods by 7.8% in the first quarter. One Wealth Advisors LLC now owns 4,663 shares of the company's stock valued at $305,000 after purchasing an additional 336 shares in the last quarter. Oak Thistle LLC purchased a new position in shares of US Foods in the first quarter valued at $2,277,000. Finally, Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of US Foods in the 1st quarter worth $2,090,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Price Performance

USFD stock traded up $0.08 during mid-day trading on Monday, reaching $83.36. 1,833,477 shares of the company's stock were exchanged, compared to its average volume of 2,424,975. The company has a market cap of $19.29 billion, a price-to-earnings ratio of 27.49, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The stock's 50 day moving average is $79.11 and its 200 day moving average is $71.90. 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 12-month low of $50.49 and a 12-month high of $85.11.

US Foods (NYSE:USFD - Get Free Report) last announced its 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). The business had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a net margin of 1.38% and a return on equity of 15.58%. The company's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.54 EPS. On average, research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Activity at US Foods

In other US Foods 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 transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts recently commented on the company. Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target for the company. Guggenheim reiterated a "buy" rating and issued a $80.00 target price on shares of US Foods in a report on Monday, May 12th. JPMorgan Chase & Co. lifted 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. UBS Group lifted their price objective on shares of US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Finally, Wells Fargo & Company reaffirmed an "overweight" rating on shares of US Foods in a research note on Sunday, July 13th. One analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average price target of $78.42.

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.