Park Avenue Securities LLC Makes New $393,000 Investment in US Foods Holding Corp. (NYSE:USFD)

Park Avenue Securities LLC acquired a new position in US Foods Holding Corp. (NYSE:USFD) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 6,385 shares of the company’s stock, valued at approximately $393,000.

Several other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake 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 purchasing an additional 796,434 shares during the last quarter. Boston Partners raised its stake in shares of US Foods by 3.5% during the first quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after acquiring an additional 566,277 shares in the last quarter. Victory Capital Management Inc. increased its holdings in US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company’s stock valued at $550,111,000 after buying an additional 500,129 shares during the period. Massachusetts Financial Services Co. MA increased its holdings in US Foods by 46.0% during the second quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company’s stock valued at $347,069,000 after buying an additional 2,064,321 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in US Foods by 14.3% during the second quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company’s stock valued at $239,940,000 after buying an additional 567,601 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

US Foods stock opened at $61.29 on Friday. The firm has a 50 day simple moving average of $58.61 and a 200-day simple moving average of $54.74. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $62.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The stock has a market cap of $15.07 billion, a price-to-earnings ratio of 30.19, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

US Foods (NYSE:USFD) last posted its earnings results 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 net margin of 1.42% and a return on equity of 13.43%. The firm had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the firm earned $0.73 EPS. The firm’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, analysts expect that US Foods Holding Corp. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on USFD. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group boosted their target price on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research report on Wednesday, September 25th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research report on Thursday. Finally, JPMorgan Chase & Co. upped their price objective 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. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average price target of $66.82.

Insider Buying and Selling at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

US Foods 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.