Wealth Enhancement Advisory Services LLC lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 49.5% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 41,715 shares of the company's stock after acquiring an additional 13,821 shares during the quarter. Wealth Enhancement Advisory Services LLC's holdings in US Foods were worth $2,731,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Boston Partners grew its holdings in US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock worth $860,460,000 after acquiring an additional 77,012 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of US Foods by 7.3% in the 4th quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock worth $290,369,000 after purchasing an additional 292,404 shares during the period. Norges Bank bought a new position in shares of US Foods during the fourth quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership bought a new position in shares of US Foods during the fourth quarter valued at approximately $171,107,000. Finally, Ameriprise Financial Inc. increased its holdings in US Foods by 1.7% during the fourth quarter. Ameriprise Financial Inc. now owns 2,136,356 shares of the company's stock valued at $144,119,000 after buying an additional 36,307 shares during the period. Institutional investors own 98.76% of the company's stock.
US Foods Stock Performance
Shares of NYSE:USFD traded up $0.40 during trading on Tuesday, hitting $77.41. 1,315,521 shares of the stock traded hands, compared to its average volume of 2,013,497. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The company has a fifty day moving average price of $74.12 and a two-hundred day moving average price of $69.65. US Foods Holding Corp. has a 52-week low of $50.05 and a 52-week high of $79.64. The company has a market cap of $17.91 billion, a price-to-earnings ratio of 35.51, a P/E/G ratio of 1.11 and a beta of 1.42.
US Foods (NYSE:USFD - Get Free Report) last posted its earnings results 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 firm had revenue of $9.35 billion for 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 company's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the company earned $0.54 earnings per share. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insiders Place Their Bets
In other news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction dated 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 completion of the sale, the executive vice president owned 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.60% of the company's stock.
Analyst Upgrades and Downgrades
A number of analysts have weighed in on USFD shares. UBS Group upped their target price on US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a report on Friday, May 9th. Guggenheim reissued a "buy" rating and issued a $80.00 price target on shares of US Foods in a research report on Monday, May 12th. Wall Street Zen raised US Foods from a "buy" rating to a "strong-buy" rating in a research report on Saturday, May 24th. Morgan Stanley lifted their target price on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research note on Friday, May 9th. Finally, Barclays boosted their target price on shares of US Foods from $85.00 to $95.00 and gave the stock an "overweight" rating in a report on Wednesday, June 4th. One investment analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $77.00.
Check Out Our Latest Stock Report on USFD
US Foods Company 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.
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