US Foods Holding Corp. (NYSE:USFD) Stock Holdings Lifted by Allianz Asset Management GmbH

Key Points

• Allianz Asset Management GmbH increased its stake in US Foods Holding Corp. by 152.6% in the first quarter, acquiring an additional 63,288 shares, bringing its total holdings to 104,768 shares valued at approximately $6.86 million.
• US Foods reported a miss in earnings for the latest quarter, with $0.68 EPS against the expected $0.69, and revenue of $9.35 billion compared to an anticipated $9.42 billion.
• Analysts are generally bullish on US Foods, with most ratings being "buy" or "strong buy", and target prices ranging from $80 to $96 following recent upgrades by several investment firms.

Allianz Asset Management GmbH raised its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 152.6% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 104,768 shares of the company's stock after acquiring an additional 63,288 shares during the quarter. Allianz Asset Management GmbH's holdings in US Foods were worth $6,858,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. LPL Financial LLC boosted its holdings in US Foods by 12.1% in the 4th quarter. LPL Financial LLC now owns 108,598 shares of the company's stock valued at $7,326,000 after purchasing an additional 11,735 shares in the last quarter. JPMorgan Chase & Co. increased its holdings 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 during the last quarter. Norges Bank acquired a new stake in US Foods in the 4th quarter valued at $211,300,000. Pictet Asset Management Holding SA boosted its position in US Foods by 10.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 33,637 shares of the company's stock valued at $2,269,000 after buying an additional 3,257 shares during the last quarter. Finally, Brown Brothers Harriman & Co. lifted its position in shares of US Foods by 2.0% during the fourth quarter. Brown Brothers Harriman & Co. now owns 13,878 shares of the company's stock worth $936,000 after purchasing an additional 278 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total transaction of $600,000.00. Following the sale, the executive vice president directly owned 115,077 shares in the company, valued at approximately $9,206,160. This trade represents a 6.12% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.60% of the company's stock.

US Foods Trading Down 0.5%

Shares of NYSE USFD traded down $0.40 during trading on Thursday, hitting $84.00. 167,686 shares of the company were exchanged, compared to its average volume of 2,205,425. US Foods Holding Corp. has a 12-month low of $50.49 and a 12-month high of $85.11. 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 company has a fifty day moving average price of $78.81 and a 200-day moving average price of $71.62. The firm has a market capitalization of $19.43 billion, a PE ratio of 38.56, a P/E/G ratio of 1.20 and a beta of 1.41.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The business had revenue of $9.35 billion during the quarter, compared to analyst estimates of $9.42 billion. During the same period last year, the company earned $0.54 earnings per share. The business's revenue for the quarter was up 4.5% compared to the same quarter last year. As a group, equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analyst Weigh In

USFD has been the topic of several research reports. UBS Group upped their price target on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a report on Monday. Morgan Stanley reaffirmed an "overweight" rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a report on Monday, July 14th. JPMorgan Chase & Co. lifted their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. Citigroup initiated coverage on shares of 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 increased their price target on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a research report on Wednesday, June 4th. One 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 stock. According to MarketBeat.com, US Foods currently has a consensus rating of "Buy" and a consensus price target of $78.42.

US Foods Profile

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.