US Foods Holding Corp. (NYSE:USFD) Shares Sold by Citigroup Inc.

Key Points

• Citigroup Inc. reduced its stake in US Foods by 59.4%, selling 194,497 shares, while retaining 133,075 shares valued at approximately $8.71 million.
• US Foods reported a quarterly EPS of $1.19, surpassing analysts' estimates by $0.05, with revenues reaching $10.08 billion.
• Research analysts have generally given US Foods a buy rating, with target prices ranging from $80.55 to $96.00, reflecting optimism for the company's growth potential.

Citigroup Inc. trimmed its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 59.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 133,075 shares of the company's stock after selling 194,497 shares during the period. Citigroup Inc. owned about 0.06% of US Foods worth $8,711,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of USFD. Jupiter Asset Management Ltd. acquired a new position in shares of US Foods during the 1st quarter worth approximately $91,087,000. Primecap Management Co. CA boosted its holdings in shares of US Foods by 194.6% during the 1st quarter. Primecap Management Co. CA now owns 1,941,400 shares of the company's stock worth $127,084,000 after purchasing an additional 1,282,379 shares during the last quarter. Commerce Bank acquired a new position in shares of US Foods during the 1st quarter worth approximately $47,049,000. AQR Capital Management LLC boosted its holdings in shares of US Foods by 133.8% during the 4th quarter. AQR Capital Management LLC now owns 1,151,913 shares of the company's stock worth $77,708,000 after purchasing an additional 659,283 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings 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 purchasing an additional 405,871 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at US Foods

In other US Foods news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction that occurred on 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. The trade was a 6.12% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.60% of the stock is currently owned by insiders.

US Foods Stock Down 1.1%

Shares of NYSE USFD opened at $76.30 on Friday. The firm has a market cap of $17.18 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.08 and a beta of 1.44. The company has a quick ratio of 0.73, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 52-week low of $56.47 and a 52-week high of $85.11. The business's 50 day moving average is $79.53 and its two-hundred day moving average is $72.61.

US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.14 by $0.05. The company had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. The firm's quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.93 earnings per share. Research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. JPMorgan Chase & Co. boosted their target price on US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a report on Wednesday, June 25th. UBS Group boosted their target price on US Foods from $84.00 to $96.00 and gave the stock a "buy" rating in a report on Monday, July 28th. Guggenheim boosted their target price on US Foods from $80.00 to $88.00 and gave the stock a "buy" rating in a report on Monday, August 11th. Morgan Stanley restated an "overweight" rating and set a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Finally, Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. One research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and an average target price of $80.55.

US Foods Company 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.

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