Massachusetts Financial Services Co. MA lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.3% in the first quarter, according to its most recent filing with the SEC. The firm owned 5,973,156 shares of the company's stock after selling 613,499 shares during the quarter. Massachusetts Financial Services Co. MA owned about 2.59% of US Foods worth $391,003,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently modified their holdings of the company. Colonial Trust Co SC bought a new stake in US Foods during the fourth quarter worth approximately $25,000. GeoWealth Management LLC increased its position in shares of US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after purchasing an additional 189 shares during the period. Legacy Investment Solutions LLC bought a new stake in shares of US Foods in the 4th quarter worth $32,000. EverSource Wealth Advisors LLC lifted its holdings in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after buying an additional 178 shares during the period. Finally, True Wealth Design LLC boosted its stake in US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after buying an additional 298 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
US Foods Price Performance
USFD opened at $81.97 on Tuesday. The firm has a market capitalization of $18.96 billion, a P/E ratio of 37.60, a PEG ratio of 1.16 and a beta of 1.41. The stock has a fifty day moving average of $76.31 and a 200-day moving average of $70.28. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. US Foods Holding Corp. has a 12-month low of $50.49 and a 12-month high of $82.06.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings data 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 during the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The firm's revenue was up 4.5% on a year-over-year basis. During the same period in the prior year, the company posted $0.54 earnings per share. Equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Insider Activity at US Foods
In other news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.
Analyst Upgrades and Downgrades
Several equities research analysts have commented on USFD shares. Barclays boosted 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. Citigroup initiated coverage on shares of US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. Guggenheim reissued a "buy" rating and set a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. 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. Finally, Wall Street Zen upgraded US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Buy" and an average price target of $77.42.
Read Our Latest Stock Analysis on USFD
US Foods Profile
(
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
