Lecap Asset Management Ltd. Buys Shares of 49,801 US Foods Holding Corp. (NYSE:USFD)

Lecap Asset Management Ltd. purchased a new stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 49,801 shares of the company's stock, valued at approximately $3,063,000.

Several other institutional investors and hedge funds have also recently made changes to their positions in USFD. Vanguard Group Inc. boosted its position in US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock valued at $1,242,336,000 after acquiring an additional 796,434 shares in the last quarter. Boston Partners boosted its position in US Foods by 3.5% during the first quarter. Boston Partners now owns 16,527,901 shares of the company's stock valued at $891,073,000 after purchasing an additional 566,277 shares in the last quarter. Victory Capital Management Inc. grew its stake in US Foods by 5.1% in the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company's stock valued at $550,111,000 after purchasing an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in US Foods by 46.0% in the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock worth $347,069,000 after purchasing an additional 2,064,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP lifted its position in shares of US Foods by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock valued at $239,940,000 after buying an additional 567,601 shares during the last quarter. 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 the business's stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.70% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on USFD shares. JPMorgan Chase & Co. upped their target price on US Foods from $60.00 to $68.00 and gave the company a "neutral" rating in a research report on Monday, September 16th. Jefferies Financial Group raised their price objective on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. Deutsche Bank Aktiengesellschaft upped their target price on US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research report on Friday, August 9th. Wells Fargo & Company raised their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Finally, StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus price target of $66.82.

US Foods Price Performance

Shares of US Foods stock traded down $0.98 on Wednesday, reaching $61.16. The company's stock had a trading volume of 1,137,852 shares, compared to its average volume of 1,794,348. US Foods Holding Corp. has a 52-week low of $36.75 and a 52-week high of $63.13. The company has a market capitalization of $15.04 billion, a P/E ratio of 30.61, a PEG ratio of 1.02 and a beta of 1.66. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The stock has a 50-day moving average price of $60.05 and a 200-day moving average price of $55.21.

US Foods (NYSE:USFD - Get Free Report) last announced its 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 net margin of 1.42% and a return on equity of 13.43%. The business had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. During the same quarter last year, the business earned $0.73 earnings per share. The company's revenue for the quarter was up 7.7% compared to the same quarter last year. Analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current year.

US Foods Profile

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.