Envestnet Asset Management Inc. Sells 33,503 Shares of US Foods Holding Corp. (NYSE:USFD)

Envestnet Asset Management Inc. cut its holdings in US Foods Holding Corp. (NYSE:USFD) by 9.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 314,865 shares of the company’s stock after selling 33,503 shares during the period. Envestnet Asset Management Inc. owned 0.14% of US Foods worth $20,611,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Colonial Trust Co SC bought a new position in US Foods in the 4th quarter worth approximately $25,000. GeoWealth Management LLC boosted its holdings in US Foods by 94.5% in the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock valued at $26,000 after purchasing an additional 189 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in US Foods by 59.5% in the 4th quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company’s stock valued at $32,000 after purchasing an additional 178 shares during the period. Legacy Investment Solutions LLC bought a new position in US Foods in the 4th quarter valued at $32,000. Finally, True Wealth Design LLC boosted its holdings in US Foods by 153.6% in the 4th quarter. True Wealth Design LLC now owns 492 shares of the company’s stock valued at $33,000 after purchasing an additional 298 shares during the period. 98.76% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Dirk J. Locascio sold 15,000 shares of the business’s stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.60% of the stock is owned by corporate insiders.

US Foods Price Performance

USFD stock opened at $82.87 on Thursday. The firm’s 50-day moving average price is $77.14 and its two-hundred day moving average price is $70.54. US Foods Holding Corp. has a 12-month low of $50.49 and a 12-month high of $82.95. The stock has a market capitalization of $19.17 billion, a price-to-earnings ratio of 38.01, a PEG ratio of 1.17 and a beta of 1.41. The company has a current ratio of 1.17, a quick ratio of 0.74 and a debt-to-equity ratio of 1.02.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.01). US Foods had a net margin of 1.38% and a return on equity of 15.58%. The firm had revenue of $9.35 billion during the quarter, compared to analysts’ expectations of $9.42 billion. During the same quarter in the previous year, the firm posted $0.54 EPS. US Foods’s revenue was up 4.5% compared to the same quarter last year. As a group, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analyst Weigh In

USFD has been the topic of several research reports. UBS Group raised their price objective on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a research report on Friday, May 9th. Guggenheim restated a “buy” rating and set a $80.00 price objective on shares of US Foods in a research report on Monday, May 12th. Barclays raised their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a research report on Wednesday, June 4th. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $82.00 to $85.00 and gave the company a “neutral” rating in a research report on Wednesday, June 25th. Finally, Morgan Stanley restated an “overweight” rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research report on Monday. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $77.42.

US Foods Company 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.