Invesco Ltd. Has $493.96 Million Holdings in US Foods Holding Corp. (NYSE:USFD)

Key Points

• Invesco Ltd. has increased its holdings in US Foods Holding Corp. by 21.8%, owning a total of 7,546,048 shares valued at approximately $493.96 million.
• Institutional investors now possess 98.76% of US Foods' stock, with several hedge funds, including Kesler Norman & Wride LLC and GeoWealth Management LLC, increasing their positions in the company.
• Wall Street analysts have a consensus rating of "Buy" for US Foods, with the average target price rising to $79.82, reflecting positive sentiment on the company's performance.

Invesco Ltd. grew its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 21.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,546,048 shares of the company's stock after purchasing an additional 1,350,034 shares during the period. Invesco Ltd. owned approximately 3.27% of US Foods worth $493,964,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Benjamin Edwards Inc. grew its position in US Foods by 5.7% during the 1st quarter. Benjamin Edwards Inc. now owns 5,669 shares of the company's stock worth $371,000 after acquiring an additional 308 shares during the last quarter. AlphaCore Capital LLC bought a new stake in US Foods during the 1st quarter worth approximately $359,000. CenterBook Partners LP bought a new stake in US Foods during the 1st quarter worth approximately $581,000. Ontario Teachers Pension Plan Board grew its position in US Foods by 161.1% during the 1st quarter. Ontario Teachers Pension Plan Board now owns 19,944 shares of the company's stock worth $1,306,000 after acquiring an additional 12,307 shares during the last quarter. Finally, Deutsche Bank AG grew its position in US Foods by 133.7% during the 1st quarter. Deutsche Bank AG now owns 355,331 shares of the company's stock worth $23,260,000 after acquiring an additional 203,281 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on USFD. Citigroup assumed coverage on US Foods in a research report on Thursday, May 22nd. They set a "buy" rating and a $95.00 price target on the stock. Guggenheim set a $88.00 price objective on US Foods and gave the company a "buy" rating in a research report on Monday. Barclays increased their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. Wells Fargo & Company reiterated an "overweight" rating and issued a $87.00 price objective (up from $80.00) on shares of US Foods in a research report on Friday. Finally, UBS Group increased their price objective on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. 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's stock. Based on data from MarketBeat, the company has a consensus rating of "Buy" and a consensus target price of $80.55.

Insider Buying and Selling

In related news, EVP Dirk J. Locascio sold 7,500 shares of the firm's stock in a transaction on 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 owned 115,077 shares of the company's stock, 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 Up 0.9%

Shares of NYSE:USFD traded up $0.69 during midday trading on Tuesday, hitting $78.96. The company had a trading volume of 2,068,368 shares, compared to its average volume of 2,683,124. US Foods Holding Corp. has a 12 month low of $52.28 and a 12 month high of $85.11. The company has a current ratio of 1.17, a quick ratio of 0.73 and a debt-to-equity ratio of 1.02. The stock has a market cap of $17.78 billion, a price-to-earnings ratio of 33.74, a PEG ratio of 1.14 and a beta of 1.44. The firm has a fifty day simple moving average of $79.55 and a 200 day simple moving average of $72.48.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.14 by $0.05. The business 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 revenue was up 3.8% on a year-over-year basis. During the same period last year, the company earned $0.93 EPS. On average, analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

About US Foods

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.