Segall Bryant & Hamill LLC boosted its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 7.9% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 120,870 shares of the company's stock after acquiring an additional 8,828 shares during the quarter. Segall Bryant & Hamill LLC owned 0.05% of US Foods worth $7,912,000 at the end of the most recent quarter.
Several other large investors have also added to or reduced their stakes in USFD. JPMorgan Chase & Co. lifted its position in shares of US Foods by 7.3% during the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after buying an additional 292,404 shares in the last quarter. Norges Bank bought a new position in shares of US Foods during the 4th quarter worth approximately $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods during the 4th quarter worth approximately $171,107,000. Ameriprise Financial Inc. lifted its position in shares of US Foods by 1.7% during the 4th quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock worth $144,119,000 after buying an additional 36,307 shares in the last quarter. Finally, Northern Trust Corp lifted its position in shares of US Foods by 25.0% during the 4th quarter. Northern Trust Corp now owns 2,029,419 shares of the company's stock worth $136,905,000 after buying an additional 405,871 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on USFD shares. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. 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. Wells Fargo & Company reaffirmed an "overweight" rating on shares of US Foods in a research note on Sunday, July 13th. UBS Group upped their price target on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Finally, Morgan Stanley restated an "overweight" rating and set a $89.00 price target (up from $84.00) on shares of US Foods in a research report on Monday, July 14th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Buy" and an average price target of $77.42.
Read Our Latest Stock Analysis on US Foods
Insider Transactions at US Foods
In other news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 0.60% of the stock is currently owned by insiders.
US Foods Price Performance
USFD stock traded up $0.23 during mid-day trading on Monday, hitting $83.37. The company had a trading volume of 2,183,570 shares, compared to its average volume of 2,067,460. The company has a market capitalization of $19.29 billion, a price-to-earnings ratio of 38.24, a P/E/G ratio of 1.20 and a beta of 1.41. US Foods Holding Corp. has a 12-month low of $50.49 and a 12-month high of $84.44. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The company has a 50-day moving average price of $77.61 and a 200 day moving average price of $70.80.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results 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 net margin of 1.38% and a return on equity of 15.58%. The firm's quarterly revenue was up 4.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.54 earnings per share. On average, research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
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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