Tradewinds LLC. purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 74,119 shares of the company's stock, valued at approximately $4,852,000. US Foods makes up about 1.4% of Tradewinds LLC.'s investment portfolio, making the stock its 22nd biggest position.
A number of other hedge funds also recently bought and sold shares of the business. Boston Partners raised its holdings in US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after buying an additional 77,012 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after acquiring an additional 292,404 shares during the last quarter. Norges Bank bought a new stake in shares of US Foods in the 4th quarter worth about $211,300,000. Artisan Partners Limited Partnership bought a new stake in shares of US Foods in the 4th quarter worth about $171,107,000. Finally, Ameriprise Financial Inc. lifted its holdings in shares of US Foods by 1.7% in the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock worth $144,119,000 after acquiring an additional 36,307 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.
US Foods Stock Down 0.2%
NYSE:USFD traded down $0.15 during trading hours on Tuesday, reaching $78.63. The company's stock had a trading volume of 1,670,534 shares, compared to its average volume of 2,015,108. The company has a market capitalization of $18.19 billion, a P/E ratio of 36.07, a price-to-earnings-growth ratio of 1.14 and a beta of 1.41. US Foods Holding Corp. has a 12 month low of $50.05 and a 12 month high of $80.12. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The stock has a 50 day moving average price of $75.50 and a two-hundred day moving average price of $70.02.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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 company 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%. The company's revenue for the quarter was up 4.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.54 earnings per share. Equities analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Wall Street Analyst Weigh In
Several analysts have issued reports on the stock. 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 note on Saturday, May 24th. 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 research report on Wednesday, June 25th. Barclays lifted their target price on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. Finally, Citigroup started coverage on shares of US Foods in a report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective for the company. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, US Foods has an average rating of "Buy" and a consensus target price of $77.00.
Check Out Our Latest Analysis on US Foods
Insider Buying and Selling
In related news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction that occurred on 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 completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company's stock.
US Foods Company 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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