Charles Schwab Investment Management Inc. Raises Stock Position in US Foods Holding Corp. $USFD

Charles Schwab Investment Management Inc. grew its holdings in US Foods Holding Corp. (NYSE:USFD) by 1.9% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,683,786 shares of the company’s stock after acquiring an additional 30,719 shares during the period. Charles Schwab Investment Management Inc. owned about 0.73% of US Foods worth $129,668,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently made changes to their positions in the company. American Century Companies Inc. lifted its holdings in US Foods by 4.8% in the 2nd quarter. American Century Companies Inc. now owns 272,941 shares of the company’s stock worth $21,019,000 after purchasing an additional 12,517 shares in the last quarter. Segall Bryant & Hamill LLC raised its position in shares of US Foods by 6.5% during the second quarter. Segall Bryant & Hamill LLC now owns 128,768 shares of the company’s stock valued at $9,916,000 after buying an additional 7,898 shares during the last quarter. Cozad Asset Management Inc. purchased a new position in shares of US Foods in the second quarter worth $9,868,000. Journey Strategic Wealth LLC purchased a new position in shares of US Foods in the second quarter worth $238,000. Finally, Franklin Resources Inc. boosted its position in shares of US Foods by 30.8% during the second quarter. Franklin Resources Inc. now owns 47,780 shares of the company’s stock worth $3,680,000 after acquiring an additional 11,244 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Insider Transactions at US Foods

In other US Foods news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the completion of the transaction, the insider owned 113,410 shares in the company, valued at $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.60% of the stock is currently owned by insiders.

US Foods Stock Down 0.2%

Shares of USFD opened at $78.72 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.11. The company has a market cap of $17.55 billion, a PE ratio of 32.80, a P/E/G ratio of 1.07 and a beta of 1.34. The business has a fifty day moving average of $74.86 and a 200 day moving average of $77.27.

US Foods (NYSE:USFD) last released its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same quarter last year, the business earned $0.85 EPS. The business’s revenue was up 4.8% on a year-over-year basis. On average, sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts have commented on USFD shares. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research note on Monday. Wells Fargo & Company reiterated an “overweight” rating and issued a $87.00 target price (up from $80.00) on shares of US Foods in a research report on Friday, August 8th. Barclays dropped their price target on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Finally, Piper Sandler increased their target price on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research report on Tuesday, September 2nd. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has assigned a Hold rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Buy” and an average target price of $82.00.

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.