Victory Capital Management Inc. Sells 504,279 Shares of US Foods Holding Corp. (NYSE:USFD)

Victory Capital Management Inc. lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 5.0% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 9,568,121 shares of the company's stock after selling 504,279 shares during the quarter. US Foods makes up approximately 0.6% of Victory Capital Management Inc.'s investment portfolio, making the stock its 11th largest position. Victory Capital Management Inc. owned 4.15% of US Foods worth $626,329,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently made changes to their positions in the company. Colonial Trust Co SC acquired a new position in shares of US Foods in the fourth quarter valued at approximately $25,000. GeoWealth Management LLC increased its stake in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after buying an additional 189 shares during the period. EverSource Wealth Advisors LLC increased its stake 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. Legacy Investment Solutions LLC acquired a new position in shares of US Foods in the fourth quarter valued at approximately $32,000. Finally, True Wealth Design LLC increased its stake in shares of US Foods by 153.6% in 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 during the period. Institutional investors own 98.76% of the company's stock.

US Foods Stock Down 0.5%

Shares of USFD traded down $0.45 during trading hours on Friday, reaching $83.32. The stock had a trading volume of 483,357 shares, compared to its average volume of 2,051,230. US Foods Holding Corp. has a 12 month low of $50.49 and a 12 month high of $84.85. The firm has a 50-day simple moving average of $77.38 and a 200 day simple moving average of $70.65. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02. The company has a market capitalization of $19.28 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 1.20 and a beta of 1.41.

US Foods (NYSE:USFD - Get Free Report) last issued its 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 return on equity of 15.58% and a net margin of 1.38%. The firm had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. US Foods's revenue for the quarter was up 4.5% on a year-over-year basis. Equities research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity

In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction on 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 transaction, the executive vice president directly owned 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.60% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several research analysts have recently issued reports on USFD shares. UBS Group upped their price objective on US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research report on Wednesday, June 25th. Guggenheim reissued a "buy" rating and set a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. Morgan Stanley reissued an "overweight" rating and set a $89.00 target price (up previously from $84.00) on shares of US Foods in a research report on Monday. Finally, Wells Fargo & Company reissued an "overweight" rating on shares of US Foods in a research report on Sunday. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company. According to data from MarketBeat, US Foods has a consensus rating of "Buy" and a consensus price target of $77.42.

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.