Sowell Financial Services LLC Purchases Shares of 14,157 US Foods Holding Corp. (NYSE:USFD)

Sowell Financial Services LLC purchased a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) in the first quarter, according to its most recent disclosure with the SEC. The firm purchased 14,157 shares of the company's stock, valued at approximately $927,000.

Several other institutional investors have also made changes to their positions in the company. Arizona State Retirement System raised its position in US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock valued at $4,549,000 after acquiring an additional 170 shares in the last quarter. EverSource Wealth Advisors LLC grew its position in US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares in the last quarter. GeoWealth Management LLC increased its stake 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 last quarter. Vestcor Inc raised its holdings in shares of US Foods by 1.0% during the 4th quarter. Vestcor Inc now owns 20,200 shares of the company's stock valued at $1,363,000 after purchasing an additional 195 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of US Foods by 2.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company's stock valued at $588,000 after purchasing an additional 206 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

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

US Foods Stock Performance

NYSE USFD traded down $0.30 during midday trading on Thursday, hitting $75.32. The company had a trading volume of 2,059,079 shares, compared to its average volume of 2,014,662. The firm has a fifty day simple moving average of $71.58 and a two-hundred day simple moving average of $69.28. The stock has a market cap of $17.43 billion, a price-to-earnings ratio of 34.55, a P/E/G ratio of 1.09 and a beta of 1.44. 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 Holding Corp. has a fifty-two week low of $50.05 and a fifty-two week high of $79.64.

US Foods (NYSE:USFD - Get Free Report) last released its 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 firm had revenue of $9.35 billion for 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 firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same period last year, the business earned $0.54 earnings per share. Equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Morgan Stanley increased their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. increased their price objective on US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a report on Tuesday, May 20th. Guggenheim reissued 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 raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Finally, Citigroup began coverage on US Foods in a report on Thursday, May 22nd. They set 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 issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $76.75.

US Foods 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.