International Assets Investment Management LLC grew its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 2,853.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 16,482 shares of the company's stock after acquiring an additional 15,924 shares during the quarter. International Assets Investment Management LLC's holdings in US Foods were worth $1,014,000 at the end of the most recent quarter.
A number of other hedge funds have also bought and sold shares of the company. Acadian Asset Management LLC bought a new position in shares of US Foods in the second quarter worth approximately $25,000. Quent Capital LLC increased its holdings in US Foods by 87.6% in the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock valued at $29,000 after purchasing an additional 219 shares during the last quarter. UMB Bank n.a. boosted its position in shares of US Foods by 364.0% in the 3rd quarter. UMB Bank n.a. now owns 631 shares of the company's stock valued at $39,000 after purchasing an additional 495 shares during the period. Headlands Technologies LLC acquired a new stake in US Foods in the first quarter valued at $50,000. Finally, Fidelis Capital Partners LLC acquired a new stake in US Foods during the first quarter worth about $76,000. Institutional investors own 98.76% of the company's stock.
Insider Activity at US Foods
In other news, CFO Dirk J. Locascio sold 10,000 shares of the company'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 value of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.
US Foods Stock Up 2.2 %
Shares of NYSE:USFD traded up $1.36 during midday trading on Tuesday, reaching $63.12. The company's stock had a trading volume of 1,738,501 shares, compared to its average volume of 1,790,345. The firm has a 50 day moving average of $60.70 and a 200-day moving average of $55.86. The firm has a market capitalization of $15.44 billion, a P/E ratio of 30.09, a PEG ratio of 1.01 and a beta of 1.66. US Foods Holding Corp. has a 12-month low of $40.23 and a 12-month high of $63.63. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. US Foods's revenue for the quarter was up 7.7% compared to the same quarter last year. During the same quarter last year, the company earned $0.73 EPS. On average, research analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share for the current year.
Analysts Set New Price Targets
Several brokerages have issued reports on USFD. JPMorgan Chase & Co. lifted their price objective 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 shares of US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their target price on shares of US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research note on Wednesday, September 18th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft lifted 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. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus target price of $66.82.
Read Our Latest Research Report on USFD
About US Foods
(
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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