US Foods (NYSE:USFD) Hits New 12-Month High at $39.38

US Foods Holding Corp (NYSE:USFD) hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $39.38 and last traded at $39.18, with a volume of 1096327 shares changing hands. The stock had previously closed at $38.05.

Several analysts have recently issued reports on USFD shares. Buckingham Research upgraded shares of US Foods from a “neutral” rating to a “buy” rating and lifted their target price for the company from $32.00 to $48.00 in a research report on Wednesday, May 8th. Zacks Investment Research downgraded shares of US Foods from a “buy” rating to a “hold” rating in a research note on Friday, August 9th. Finally, Pivotal Research reissued a “hold” rating and issued a $32.00 price target on shares of US Foods in a research note on Thursday, May 9th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $38.40.

The company’s 50 day moving average price is $36.38 and its two-hundred day moving average price is $35.85. The company has a debt-to-equity ratio of 0.90, a current ratio of 1.37 and a quick ratio of 0.80. The stock has a market capitalization of $8.34 billion, a PE ratio of 19.30, a P/E/G ratio of 2.05 and a beta of 0.58.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Tuesday, August 6th. The company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.01. The firm had revenue of $6.44 billion for the quarter, compared to the consensus estimate of $6.36 billion. US Foods had a net margin of 1.63% and a return on equity of 14.15%. The company’s revenue for the quarter was up 4.6% on a year-over-year basis. During the same period last year, the firm posted $0.57 earnings per share. Analysts forecast that US Foods Holding Corp will post 2.18 earnings per share for the current year.

In other US Foods news, insider Keith D. Rohland sold 62,780 shares of US Foods stock in a transaction dated Friday, June 14th. The shares were sold at an average price of $36.60, for a total transaction of $2,297,748.00. Following the transaction, the insider now directly owns 82,464 shares of the company’s stock, valued at $3,018,182.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Steven Guberman sold 4,434 shares of US Foods stock in a transaction dated Thursday, June 6th. The stock was sold at an average price of $36.42, for a total transaction of $161,486.28. Following the transaction, the executive vice president now directly owns 37,013 shares in the company, valued at $1,348,013.46. The disclosure for this sale can be found here. Over the last three months, insiders sold 90,257 shares of company stock worth $3,303,069. Insiders own 0.80% of the company’s stock.

A number of hedge funds have recently modified their holdings of the business. Longview Partners Guernsey LTD raised its stake in US Foods by 11.2% during the second quarter. Longview Partners Guernsey LTD now owns 16,865,690 shares of the company’s stock worth $603,117,000 after purchasing an additional 1,702,792 shares during the period. BlackRock Inc. raised its stake in US Foods by 0.3% during the first quarter. BlackRock Inc. now owns 9,268,055 shares of the company’s stock worth $323,547,000 after purchasing an additional 25,002 shares during the period. Invesco Ltd. raised its stake in US Foods by 4.8% during the second quarter. Invesco Ltd. now owns 8,347,302 shares of the company’s stock worth $298,500,000 after purchasing an additional 380,511 shares during the period. Eminence Capital LP raised its stake in US Foods by 8.8% during the second quarter. Eminence Capital LP now owns 6,772,233 shares of the company’s stock worth $242,175,000 after purchasing an additional 547,512 shares during the period. Finally, Marshall Wace North America L.P. raised its stake in US Foods by 4.9% during the second quarter. Marshall Wace North America L.P. now owns 5,704,112 shares of the company’s stock worth $203,979,000 after purchasing an additional 268,974 shares during the period. 95.66% of the stock is currently owned by institutional investors.

About US Foods (NYSE:USFD)

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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