Universal Beteiligungs und Servicegesellschaft mbH bought a new position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 31,931 shares of the company's stock, valued at approximately $2,090,000.
A number of other hedge funds also recently modified their holdings of the business. Colonial Trust Co SC bought a new position in shares of US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC raised 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 buying an additional 189 shares in the last quarter. Legacy Investment Solutions LLC bought a new position in US Foods in the fourth quarter valued at about $32,000. 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. Finally, Blue Trust Inc. increased its stake in shares of US Foods by 487.2% in the first quarter. Blue Trust Inc. now owns 875 shares of the company's stock valued at $57,000 after buying an additional 726 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several brokerages have issued reports on USFD. Barclays increased their price target on US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. Citigroup assumed coverage on shares of US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. UBS Group raised their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research report on Monday. Wells Fargo & Company reiterated an "overweight" rating on shares of US Foods in a research report on Sunday, July 13th. Finally, JPMorgan Chase & Co. lifted their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Buy" and a consensus target price of $78.42.
Get Our Latest Research Report on USFD
Insider Activity
In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.60% of the stock is owned by company insiders.
US Foods Stock Down 0.1%
Shares of USFD stock traded down $0.05 during midday trading on Friday, reaching $83.28. 1,898,482 shares of the stock were exchanged, compared to its average volume of 2,330,051. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The firm has a market cap of $19.27 billion, a PE ratio of 27.50, a price-to-earnings-growth ratio of 1.21 and a beta of 1.44. The company's 50 day moving average is $79.11 and its two-hundred day moving average is $71.85. US Foods Holding Corp. has a 1 year low of $50.49 and a 1 year high of $85.11.
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 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 period in the previous year, the company earned $0.54 earnings per share. US Foods's quarterly revenue was up 4.5% compared to the same quarter last year. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.
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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