Deutsche Bank AG raised its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 133.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 355,331 shares of the company's stock after purchasing an additional 203,281 shares during the period. Deutsche Bank AG owned about 0.15% of US Foods worth $23,260,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of US Foods by 14.5% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company's stock worth $622,000 after acquiring an additional 1,200 shares during the last quarter. GAMMA Investing LLC boosted its stake in US Foods by 16.0% during the first quarter. GAMMA Investing LLC now owns 3,458 shares of the company's stock worth $226,000 after buying an additional 478 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new position in US Foods during the first quarter worth $91,087,000. Allianz Asset Management GmbH boosted its stake in US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company's stock worth $6,858,000 after buying an additional 63,288 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in US Foods by 49.5% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company's stock worth $2,731,000 after buying an additional 13,821 shares during the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.
US Foods Price Performance
NYSE:USFD opened at $78.60 on Thursday. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $17.70 billion, a P/E ratio of 33.59, a P/E/G ratio of 1.11 and a beta of 1.44. US Foods Holding Corp. has a 52 week low of $54.03 and a 52 week high of $85.11. The stock's fifty day moving average is $79.57 and its two-hundred day moving average is $72.52.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The firm had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The company's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.93 EPS. Equities analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analysts Set New Price Targets
A number of equities analysts have weighed in on the company. JPMorgan Chase & Co. boosted their price objective on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 25th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. UBS Group boosted their price objective on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a research note on Monday, July 28th. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They set a "buy" rating and a $95.00 price objective on the stock. Finally, Barclays boosted 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. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $80.55.
View Our Latest Report on US Foods
Insider Transactions at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the 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 sale, the executive vice president owned 115,077 shares of the company's stock, valued at $9,206,160. This trade represents a 6.12% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is owned by corporate insiders.
US Foods 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.
Read More
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