Jag Capital Management LLC grew its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 3,175.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 169,227 shares of the company's stock after purchasing an additional 164,060 shares during the quarter. US Foods comprises approximately 1.3% of Jag Capital Management LLC's holdings, making the stock its 28th largest holding. Jag Capital Management LLC owned 0.07% of US Foods worth $10,407,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in USFD. Acadian Asset Management LLC acquired a new stake in US Foods in the second quarter worth $25,000. Quent Capital LLC lifted its holdings in US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company's stock worth $29,000 after acquiring an additional 219 shares in the last quarter. International Assets Investment Management LLC acquired a new position in US Foods in the second quarter valued at about $30,000. Ashton Thomas Securities LLC bought a new stake in shares of US Foods in the third quarter worth about $31,000. Finally, Capital Performance Advisors LLP bought a new position in shares of US Foods during the 3rd quarter valued at about $34,000. 98.76% of the stock is currently owned by institutional investors.
Insider Activity
In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is owned by corporate insiders.
US Foods Price Performance
USFD stock traded up $0.60 during midday trading on Monday, reaching $67.49. The company had a trading volume of 1,821,358 shares, compared to its average volume of 1,808,242. US Foods Holding Corp. has a 1-year low of $42.02 and a 1-year high of $68.00. The stock has a 50 day moving average price of $61.23 and a 200-day moving average price of $56.28. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.81. The company has a market capitalization of $16.51 billion, a price-to-earnings ratio of 28.71, a price-to-earnings-growth ratio of 1.10 and a beta of 1.66.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. US Foods had a return on equity of 14.15% and a net margin of 1.54%. The company had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the company posted $0.73 EPS. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. Equities research analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts recently commented on USFD shares. Piper Sandler boosted their price objective on shares of US Foods from $61.00 to $75.00 and gave the company an "overweight" rating in a research report on Monday. Deutsche Bank Aktiengesellschaft increased their price objective on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, August 9th. UBS Group boosted their target price on US Foods from $67.00 to $77.00 and gave the company a "buy" rating in a research note on Friday. JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $68.00 to $69.00 and gave the stock a "neutral" rating in a research report on Friday. Finally, StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average target price of $71.09.
Get 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.
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