Vanguard Group Inc. trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 1.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,001,919 shares of the company's stock after selling 331,055 shares during the period. Vanguard Group Inc. owned 9.98% of US Foods worth $1,505,706,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of the company. Intrust Bank NA raised its position in shares of US Foods by 13.9% in the first quarter. Intrust Bank NA now owns 5,236 shares of the company's stock valued at $343,000 after purchasing an additional 637 shares during the period. Avalon Trust Co grew its stake in US Foods by 92,766.7% in the 1st quarter. Avalon Trust Co now owns 139,300 shares of the company's stock valued at $9,119,000 after buying an additional 139,150 shares in the last quarter. PNC Financial Services Group Inc. raised its holdings in US Foods by 25.4% during the 1st quarter. PNC Financial Services Group Inc. now owns 15,325 shares of the company's stock valued at $1,003,000 after acquiring an additional 3,106 shares during the period. Jupiter Asset Management Ltd. purchased a new stake in shares of US Foods during the first quarter worth $91,087,000. Finally, Blueshift Asset Management LLC bought a new position in shares of US Foods in the first quarter worth $1,915,000. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Price Performance
Shares of USFD stock traded up $0.69 during 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. The stock's 50-day moving average is $79.55 and its two-hundred day moving average is $72.48. The stock has a market capitalization of $17.78 billion, a price-to-earnings ratio of 33.74, a price-to-earnings-growth ratio of 1.14 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 $52.28 and a 52 week high of $85.11.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 7th. The company reported $1.19 EPS for the quarter, topping analysts' consensus estimates of $1.14 by $0.05. The firm had revenue of $10.08 billion for the quarter, compared to analyst estimates of $10.17 billion. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The business's revenue for the quarter was up 3.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.93 EPS. As a group, analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently weighed in on the company. Wells Fargo & Company reiterated an "overweight" rating and issued a $87.00 price target (up from $80.00) on shares of US Foods in a research report on Friday. Barclays lifted their target price on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday, June 4th. JPMorgan Chase & Co. upped their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. UBS Group raised their price objective on shares of US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. Finally, 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 research note on Monday, July 14th. One analyst has rated the stock with a hold rating, nine have issued a buy rating and three have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Buy" and an average price target of $80.55.
Get Our Latest Stock Report on USFD
Insider Transactions at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the sale, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. This trade represents a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.60% of the company's stock.
US Foods Company 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.
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