Principal Financial Group Inc. lowered its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 0.8% in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 529,429 shares of the company's stock after selling 4,358 shares during the period. Principal Financial Group Inc. owned about 0.23% of US Foods worth $34,656,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of the business. Smartleaf Asset Management LLC grew its position in shares of US Foods by 50.2% in the 4th quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after buying an additional 243 shares during the last quarter. Jones Financial Companies Lllp grew its position in shares of US Foods by 28.0% in the 4th quarter. Jones Financial Companies Lllp now owns 4,576 shares of the company's stock valued at $309,000 after buying an additional 1,000 shares during the last quarter. Atria Investments Inc grew its position in shares of US Foods by 2.8% in the 4th quarter. Atria Investments Inc now owns 23,921 shares of the company's stock valued at $1,614,000 after buying an additional 658 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of US Foods in the 4th quarter valued at about $4,651,000. Finally, Raymond James Financial Inc. bought a new stake in shares of US Foods in the 4th quarter valued at about $48,611,000. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Down 0.2%
Shares of US Foods stock traded down $0.15 on Tuesday, reaching $78.63. The company's stock had a trading volume of 1,670,534 shares, compared to its average volume of 2,171,566. The company has a market capitalization of $18.19 billion, a price-to-earnings ratio of 36.07, a P/E/G ratio of 1.13 and a beta of 1.41. The firm's fifty day simple moving average is $75.23 and its two-hundred day simple moving average is $69.96. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 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.
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 (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The firm had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business's quarterly revenue was up 4.5% on a year-over-year basis. During the same quarter last year, the business earned $0.54 earnings per share. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Wall Street Analysts Forecast Growth
Several equities research analysts recently commented on USFD shares. Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. UBS Group increased their price target on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Morgan Stanley increased their price target on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a report on Friday, May 9th. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. Finally, Citigroup started coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Buy" and an average price target of $77.00.
Read Our Latest Report on USFD
Insider Activity 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 stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the sale, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $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 SEC, which can be accessed through this hyperlink. 0.60% of the stock is owned by insiders.
US Foods Profile
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Free Report)
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.
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