Suncoast Equity Management bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 10,890 shares of the company's stock, valued at approximately $713,000.
Several other large investors also recently modified their holdings of the stock. Colonial Trust Co SC acquired a new stake in US Foods in the fourth quarter valued at about $25,000. GeoWealth Management LLC raised its position in US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the last quarter. Legacy Investment Solutions LLC bought a new position in US Foods in the fourth quarter valued at about $32,000. EverSource Wealth Advisors LLC raised 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 valued at $32,000 after purchasing an additional 178 shares during the last quarter. Finally, True Wealth Design LLC raised its position in US Foods by 153.6% in the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after purchasing an additional 298 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Trading Up 1.5%
NYSE USFD opened at $76.40 on Friday. The company has a market cap of $17.68 billion, a price-to-earnings ratio of 35.05, a P/E/G ratio of 1.09 and a beta of 1.44. US Foods Holding Corp. has a 52 week low of $50.05 and a 52 week high of $79.64. The business has a 50 day moving average price of $72.11 and a 200-day moving average price of $69.36. 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 data on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The firm had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the prior year, the firm earned $0.54 EPS. The company's revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Insider Buying and Selling
In related news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction 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 sale, 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 sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by corporate insiders.
Analyst Ratings Changes
Several equities analysts have commented on USFD shares. JPMorgan Chase & Co. increased their target price on US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Citigroup began coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price objective on the stock. Barclays lifted their price objective on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research note on Wednesday, June 4th. Guggenheim reaffirmed a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Finally, Morgan Stanley lifted their price objective on US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research note on Friday, May 9th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and an average target price of $76.75.
View Our Latest Research Report on USFD
About US Foods
(
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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