Vanguard Group Inc. Reduces Stock Position in US Foods Holding Corp (NYSE:USFD)

Vanguard Group Inc. lessened its position in shares of US Foods Holding Corp (NYSE:USFD) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 20,224,647 shares of the company’s stock after selling 380,718 shares during the quarter. Vanguard Group Inc. owned 9.17% of US Foods worth $398,830,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. FMR LLC raised its holdings in shares of US Foods by 28.8% during the second quarter. FMR LLC now owns 27,733,188 shares of the company’s stock valued at $546,899,000 after acquiring an additional 6,198,930 shares during the last quarter. Eminence Capital LP grew its position in US Foods by 82.0% in the first quarter. Eminence Capital LP now owns 10,886,570 shares of the company’s stock worth $192,801,000 after acquiring an additional 4,905,206 shares during the period. Clarkston Capital Partners LLC boosted its position in shares of US Foods by 209.3% during the second quarter. Clarkston Capital Partners LLC now owns 3,360,100 shares of the company’s stock worth $66,261,000 after buying an additional 2,273,797 shares during the period. JPMorgan Chase & Co. boosted its position in shares of US Foods by 948.7% during the first quarter. JPMorgan Chase & Co. now owns 2,212,321 shares of the company’s stock worth $39,181,000 after buying an additional 2,001,357 shares during the period. Finally, King Street Capital Management L.P. purchased a new position in shares of US Foods during the second quarter worth $31,552,000. 90.11% of the stock is owned by institutional investors and hedge funds.

NYSE USFD opened at $25.31 on Thursday. The company has a quick ratio of 1.13, a current ratio of 1.62 and a debt-to-equity ratio of 1.73. US Foods Holding Corp has a 52-week low of $8.32 and a 52-week high of $43.03. The business’s 50-day moving average price is $23.28 and its 200 day moving average price is $20.89. The firm has a market cap of $5.58 billion, a P/E ratio of -180.77 and a beta of 1.46.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Tuesday, August 4th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.35) by $0.10. The firm had revenue of $4.60 billion during the quarter, compared to the consensus estimate of $4.23 billion. US Foods had a positive return on equity of 7.25% and a negative net margin of 0.11%. The company’s quarterly revenue was down 28.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.64 EPS. As a group, analysts anticipate that US Foods Holding Corp will post 0.43 earnings per share for the current year.

Several brokerages have recently issued reports on USFD. Zacks Investment Research upgraded US Foods from a “sell” rating to a “hold” rating in a research note on Saturday, August 8th. Credit Suisse Group restated a “buy” rating and issued a $24.00 price target on shares of US Foods in a research note on Wednesday, August 5th. BTIG Research assumed coverage on US Foods in a research note on Thursday, July 16th. They issued a “buy” rating and a $25.00 price target on the stock. Finally, TheStreet upgraded US Foods from a “d+” rating to a “c-” rating in a research note on Friday, August 28th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $30.89.

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.

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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