SG Americas Securities LLC Reduces Position in US Foods Holding Corp. (NYSE:USFD)

SG Americas Securities LLC cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 48.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 4,751 shares of the company's stock after selling 4,491 shares during the quarter. SG Americas Securities LLC's holdings in US Foods were worth $311,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Arizona State Retirement System grew its stake in shares of US Foods by 0.3% in the 4th quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock valued at $4,549,000 after buying an additional 170 shares during the period. EverSource Wealth Advisors LLC lifted its stake in shares of US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after purchasing an additional 178 shares during the last quarter. GeoWealth Management LLC grew its holdings in shares of US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. Vestcor Inc increased its position in shares of US Foods by 1.0% during the 4th quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after purchasing an additional 195 shares during the last quarter. Finally, J.Safra Asset Management Corp raised its holdings in 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 period. Hedge funds and other institutional investors own 98.76% of the company's stock.

US Foods Trading Up 0.7%

NYSE:USFD opened at $76.72 on Friday. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $79.64. The business's 50-day moving average is $73.22 and its two-hundred day moving average is $69.49. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The firm has a market capitalization of $17.75 billion, a PE ratio of 35.19, a price-to-earnings-growth ratio of 1.10 and a beta of 1.44.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate 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 return on equity of 15.58% and a net margin of 1.38%. US Foods's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.54 earnings per share. Research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the executive vice president now owns 115,077 shares in the company, valued at approximately $8,630,775. This represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

USFD has been the topic of a number of research analyst reports. Barclays boosted their price target on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a report on Wednesday. Guggenheim restated a "buy" rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, May 12th. Citigroup assumed coverage on shares of US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 target price on the stock. Finally, Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. 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 stock. According to data from MarketBeat, the stock currently has a consensus rating of "Buy" and a consensus price target of $77.00.

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.

Want to see what other hedge funds are holding USFD? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for US Foods Holding Corp. (NYSE:USFD - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.