Schwab Charles Investment Management Inc. boosted its stake in shares of US Foods Holding Corp (NYSE:USFD) by 5.6% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 609,867 shares of the company’s stock after purchasing an additional 32,218 shares during the quarter. Schwab Charles Investment Management Inc. owned about 0.28% of US Foods worth $23,066,000 at the end of the most recent quarter.
Other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in US Foods by 48.6% during the second quarter. State of Alaska Department of Revenue now owns 24,240 shares of the company’s stock worth $916,000 after purchasing an additional 7,930 shares during the period. MUFG Securities EMEA plc bought a new stake in US Foods during the second quarter worth approximately $21,368,000. Xact Kapitalforvaltning AB boosted its position in US Foods by 13.0% during the second quarter. Xact Kapitalforvaltning AB now owns 32,141 shares of the company’s stock worth $1,216,000 after purchasing an additional 3,700 shares during the period. Mackay Shields LLC bought a new stake in US Foods during the first quarter worth approximately $5,417,000. Finally, Legal & General Group Plc boosted its position in US Foods by 31.8% during the first quarter. Legal & General Group Plc now owns 174,523 shares of the company’s stock worth $5,719,000 after purchasing an additional 42,111 shares during the period.
USFD opened at $31.52 on Friday. US Foods Holding Corp has a 1-year low of $25.43 and a 1-year high of $40.92. The company has a debt-to-equity ratio of 1.16, a current ratio of 1.39 and a quick ratio of 0.81. The company has a market capitalization of $6.84 billion, a PE ratio of 19.34, a price-to-earnings-growth ratio of 0.64 and a beta of 0.08.
US Foods (NYSE:USFD) last issued its earnings results on Monday, July 30th. The company reported $0.57 EPS for the quarter, missing analysts’ consensus estimates of $0.58 by ($0.01). The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.32 billion. US Foods had a net margin of 2.25% and a return on equity of 12.66%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.37 earnings per share. sell-side analysts predict that US Foods Holding Corp will post 1.97 EPS for the current year.
USFD has been the subject of several research reports. Wells Fargo & Co increased their price objective on US Foods from $42.00 to $48.00 and gave the company a “$39.60” rating in a research report on Wednesday, July 18th. They noted that the move was a valuation call. TheStreet raised US Foods from a “c” rating to a “b-” rating in a research report on Friday, May 25th. ValuEngine raised US Foods from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Citigroup increased their price objective on US Foods from $39.00 to $45.00 and gave the company a “buy” rating in a research report on Thursday, June 21st. Finally, Jefferies Financial Group initiated coverage on US Foods in a research report on Friday, June 8th. They issued a “buy” rating and a $45.00 price objective for the company. One analyst has rated the stock with a sell rating, six have assigned a hold rating and eight have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $38.50.
About US Foods
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.
Featured Article: Fundamental Analysis and Individual Investors
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.