US Bancorp DE grew its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 217.6% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 30,404 shares of the company's stock after purchasing an additional 20,831 shares during the period. US Bancorp DE's holdings in US Foods were worth $1,870,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in USFD. Lord Abbett & CO. LLC acquired a new stake in US Foods during the first quarter valued at $22,937,000. Janus Henderson Group PLC lifted its holdings in shares of US Foods by 46.3% during the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company's stock valued at $8,759,000 after buying an additional 51,402 shares during the last quarter. Entropy Technologies LP bought a new stake in shares of US Foods in the 1st quarter valued at approximately $232,000. Vanguard Group Inc. increased its holdings in US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock worth $1,242,336,000 after buying an additional 796,434 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD raised its position in US Foods by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company's stock valued at $8,751,000 after acquiring an additional 9,652 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at US Foods
In related news, CFO Dirk J. Locascio sold 10,000 shares of the business's 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 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 ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 0.70% of the company's stock.
US Foods Stock Performance
NYSE:USFD traded up $0.74 during mid-day trading on Thursday, hitting $66.54. 2,884,860 shares of the company's stock traded hands, compared to its average volume of 1,807,216. The firm has a market capitalization of $16.27 billion, a price-to-earnings ratio of 31.69, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The firm has a 50 day moving average of $61.07 and a two-hundred day moving average of $56.09. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods Holding Corp. has a 12 month low of $40.23 and a 12 month high of $67.23.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion during the quarter, compared to analysts' expectations of $9.62 billion. During the same period in the prior year, the business earned $0.73 earnings per share. US Foods's revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.
Wall Street Analysts Forecast Growth
Several research firms have commented on USFD. JPMorgan Chase & Co. boosted their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a "neutral" rating in a research report on Monday, September 16th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, August 9th. StockNews.com raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Thursday, October 10th. Wells Fargo & Company boosted their price target on US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a research report on Wednesday, September 18th. Finally, Jefferies Financial Group upped their price target on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a research note on Wednesday, September 25th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, US Foods currently has an average rating of "Buy" and a consensus target price of $66.82.
Read Our Latest Stock Analysis on US Foods
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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