Highland Capital Management LLC Raises Stock Position in US Foods Holding Corp. (NYSE:USFD)

Highland Capital Management LLC lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 10.6% during the third quarter, HoldingsChannel.com reports. The fund owned 4,835 shares of the company’s stock after buying an additional 465 shares during the quarter. Highland Capital Management LLC’s holdings in US Foods were worth $297,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Acadian Asset Management LLC purchased a new position in shares of US Foods during the second quarter worth approximately $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of US Foods during the first quarter worth approximately $27,000. Quent Capital LLC increased its position in shares of US Foods by 87.6% during the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after acquiring an additional 219 shares during the period. International Assets Investment Management LLC bought a new position in shares of US Foods during the second quarter valued at approximately $30,000. Finally, UMB Bank n.a. boosted its stake in shares of US Foods by 364.0% during the third quarter. UMB Bank n.a. now owns 631 shares of the company’s stock valued at $39,000 after purchasing an additional 495 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.70% of the company’s stock.

US Foods Trading Up 0.0 %

NYSE USFD opened at $60.74 on Monday. The company has a market capitalization of $14.93 billion, a PE ratio of 29.92, a P/E/G ratio of 1.02 and a beta of 1.66. The company has a fifty day moving average of $60.29 and a 200 day moving average of $55.40. US Foods Holding Corp. has a 1 year low of $36.75 and a 1 year high of $63.13. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.93. The business had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company’s revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 earnings per share. Research analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Analysts Set New Price Targets

A number of research firms have recently issued reports on USFD. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Wells Fargo & Company increased their price objective on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft lifted their price target on shares of US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group lifted their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One 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 stock. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and an average price target of $66.82.

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.