PNC Financial Services Group Inc. Has $808,000 Stock Holdings in US Foods Holding Corp. $USFD

PNC Financial Services Group Inc. decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 31.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,486 shares of the company’s stock after selling 4,839 shares during the period. PNC Financial Services Group Inc.’s holdings in US Foods were worth $808,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of USFD. Boston Partners raised its holdings in shares of US Foods by 29.1% in the 1st quarter. Boston Partners now owns 16,457,351 shares of the company’s stock worth $1,076,225,000 after buying an additional 3,713,345 shares in the last quarter. Burgundy Asset Management Ltd. bought a new stake in US Foods in the first quarter valued at $110,245,000. Jupiter Asset Management Ltd. bought a new stake in US Foods in the first quarter valued at $91,087,000. AQR Capital Management LLC raised its stake in US Foods by 120.3% during the first quarter. AQR Capital Management LLC now owns 2,537,434 shares of the company’s stock worth $162,853,000 after acquiring an additional 1,385,521 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of US Foods by 21.8% during the first quarter. Invesco Ltd. now owns 7,546,048 shares of the company’s stock valued at $493,964,000 after acquiring an additional 1,350,034 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on USFD. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a report on Monday. Wells Fargo & Company reaffirmed an “overweight” rating and set a $87.00 price objective (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Barclays dropped their price objective on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Finally, Guggenheim lifted their target price on shares of US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a research note on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat, US Foods presently has a consensus rating of “Buy” and an average price target of $82.00.

Insider Buying and Selling at US Foods

In other news, insider Steven Guberman sold 58,632 shares of the company’s stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider owned 113,410 shares of the company’s stock, valued at $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.60% of the stock is currently owned by insiders.

US Foods Trading Up 1.6%

Shares of NYSE USFD opened at $71.15 on Friday. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The company has a 50-day moving average of $74.89 and a two-hundred day moving average of $77.04. The company has a market cap of $15.86 billion, a PE ratio of 29.65, a P/E/G ratio of 0.95 and a beta of 1.34. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same quarter last year, the business posted $0.85 earnings per share. US Foods’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, equities analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

US Foods Company 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.