4,671 Shares in US Foods Holding Corp (USFD) Purchased by Financial Gravity Wealth Inc.

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Financial Gravity Wealth Inc. purchased a new stake in shares of US Foods Holding Corp (NYSE:USFD) during the first quarter, HoldingsChannel reports. The institutional investor purchased 4,671 shares of the company’s stock, valued at approximately $158,000.

Several other hedge funds have also made changes to their positions in USFD. Meeder Asset Management Inc. lifted its stake in US Foods by 181.3% in the 1st quarter. Meeder Asset Management Inc. now owns 3,333 shares of the company’s stock worth $109,000 after purchasing an additional 2,148 shares in the last quarter. Financial Gravity Companies Inc. purchased a new stake in US Foods in the 4th quarter worth approximately $132,000. American International Group Inc. purchased a new stake in US Foods in the 4th quarter worth approximately $137,000. Tower Research Capital LLC TRC lifted its stake in US Foods by 2,909.3% in the 4th quarter. Tower Research Capital LLC TRC now owns 6,139 shares of the company’s stock worth $196,000 after purchasing an additional 5,935 shares in the last quarter. Finally, ETRADE Capital Management LLC purchased a new stake in US Foods in the 4th quarter worth approximately $214,000. Institutional investors own 99.03% of the company’s stock.

Shares of US Foods opened at $37.93 on Friday, MarketBeat.com reports. The firm has a market capitalization of $8.13 billion, a PE ratio of 41.68, a P/E/G ratio of 0.76 and a beta of 0.50. US Foods Holding Corp has a one year low of $25.43 and a one year high of $38.39. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.78 and a current ratio of 1.32.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Tuesday, May 8th. The company reported $0.35 EPS for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.03. US Foods had a net margin of 2.00% and a return on equity of 11.56%. The firm had revenue of $5.82 billion for the quarter, compared to analyst estimates of $5.98 billion. During the same quarter in the prior year, the firm earned $0.18 EPS. The business’s revenue for the quarter was up .6% compared to the same quarter last year. research analysts expect that US Foods Holding Corp will post 2.06 EPS for the current fiscal year.

In related news, CEO Pietro Satriano sold 159,574 shares of the stock in a transaction on Wednesday, May 9th. The shares were sold at an average price of $34.04, for a total transaction of $5,431,898.96. Following the transaction, the chief executive officer now owns 191,593 shares of the company’s stock, valued at approximately $6,521,825.72. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider David A. Rickard sold 8,588 shares of the stock in a transaction on Wednesday, June 6th. The shares were sold at an average price of $37.47, for a total transaction of $321,792.36. Following the transaction, the insider now directly owns 32,130 shares in the company, valued at approximately $1,203,911.10. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 210,847 shares of company stock worth $7,340,720. 0.57% of the stock is owned by insiders.

Several analysts have issued reports on USFD shares. Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $37.00 target price on the stock in a research note on Thursday, February 22nd. Credit Suisse Group started coverage on shares of US Foods in a research note on Tuesday, April 17th. They issued an “outperform” rating and a $40.00 target price on the stock. Bank of America increased their target price on shares of US Foods from $38.00 to $40.00 and gave the stock a “buy” rating in a research note on Friday, March 16th. Morgan Stanley reiterated an “equal weight” rating and issued a $40.00 target price (up from $38.00) on shares of US Foods in a research note on Friday, March 16th. Finally, JPMorgan Chase & Co. increased their target price on shares of US Foods from $36.00 to $37.00 and gave the stock an “overweight” rating in a research note on Friday, March 23rd. Five investment analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company. US Foods presently has an average rating of “Buy” and an average price target of $38.43.

US Foods Company Profile

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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