US Foods Holding Corp (USFD) Shares Bought by First Trust Advisors LP
First Trust Advisors LP raised its position in shares of US Foods Holding Corp (NASDAQ:USFD) by 7.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 234,446 shares of the company’s stock after buying an additional 15,479 shares during the period. First Trust Advisors LP owned about 0.11% of US Foods Holding Corp worth $6,382,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in US Foods Holding Corp during the first quarter worth about $105,000. Public Employees Retirement Association of Colorado boosted its position in US Foods Holding Corp by 197.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,210 shares of the company’s stock worth $115,000 after buying an additional 2,794 shares in the last quarter. US Bancorp DE boosted its position in US Foods Holding Corp by 205.9% in the second quarter. US Bancorp DE now owns 4,402 shares of the company’s stock worth $120,000 after buying an additional 2,963 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in US Foods Holding Corp by 458.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,420 shares of the company’s stock worth $175,000 after buying an additional 5,270 shares in the last quarter. Finally, UBS Group AG boosted its position in US Foods Holding Corp by 255.6% in the first quarter. UBS Group AG now owns 7,280 shares of the company’s stock worth $204,000 after buying an additional 5,233 shares in the last quarter.
Shares of US Foods Holding Corp (NASDAQ USFD) opened at 26.95 on Wednesday. The company has a market capitalization of $6.03 billion and a PE ratio of 20.23. The firm’s 50-day moving average price is $27.58 and its 200 day moving average price is $27.89. US Foods Holding Corp has a one year low of $22.19 and a one year high of $30.73.
US Foods Holding Corp (NASDAQ:USFD) last issued its earnings results on Wednesday, August 9th. The company reported $0.37 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.02. The company had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.03 billion. US Foods Holding Corp had a return on equity of 10.08% and a net margin of 1.06%. US Foods Holding Corp’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.07) EPS. Analysts anticipate that US Foods Holding Corp will post $1.35 earnings per share for the current year.
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Several analysts have weighed in on USFD shares. Credit Suisse Group reissued an “outperform” rating and set a $35.00 price objective (up from $32.00) on shares of US Foods Holding Corp in a report on Wednesday, May 17th. Pivotal Research set a $29.00 price objective on US Foods Holding Corp and gave the stock a “hold” rating in a report on Wednesday, August 9th. Royal Bank Of Canada reissued an “outperform” rating and set a $32.00 price objective on shares of US Foods Holding Corp in a report on Thursday, August 10th. Zacks Investment Research cut US Foods Holding Corp from a “hold” rating to a “sell” rating in a report on Saturday, May 20th. Finally, Wells Fargo & Company reissued a “buy” rating on shares of US Foods Holding Corp in a report on Wednesday, August 9th. One research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company’s stock. US Foods Holding Corp has a consensus rating of “Buy” and a consensus target price of $30.91.
In related news, insider Keith D. Rohland sold 35,451 shares of the stock in a transaction dated Tuesday, August 22nd. The stock was sold at an average price of $27.12, for a total transaction of $961,431.12. Following the completion of the sale, the insider now directly owns 57,433 shares in the company, valued at approximately $1,557,582.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.
About US Foods Holding Corp
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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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