US Foods Holding Corp (USFD) Shares Sold by JPMorgan Chase & Co.

JPMorgan Chase & Co. decreased its stake in shares of US Foods Holding Corp (NYSE:USFD) by 39.1% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 771,158 shares of the company’s stock after selling 494,441 shares during the period. JPMorgan Chase & Co. owned approximately 0.36% of US Foods worth $23,766,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. SG Americas Securities LLC bought a new position in shares of US Foods during the 2nd quarter valued at about $123,000. Nisa Investment Advisors LLC bought a new position in shares of US Foods during the 2nd quarter valued at about $189,000. First Republic Investment Management Inc. bought a new position in shares of US Foods during the 2nd quarter valued at about $203,000. People s United Financial Inc. bought a new position in shares of US Foods during the 2nd quarter valued at about $218,000. Finally, Creative Planning bought a new position in shares of US Foods during the 2nd quarter valued at about $222,000.

In other news, Director Cheryl A. Bachelder bought 3,200 shares of the firm’s stock in a transaction on Monday, November 12th. The stock was bought at an average cost of $31.30 per share, for a total transaction of $100,160.00. Following the completion of the acquisition, the director now directly owns 3,200 shares in the company, valued at approximately $100,160. The purchase was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.57% of the company’s stock.

USFD has been the subject of several research reports. Pivotal Research reduced their price objective on shares of US Foods from $33.00 to $31.00 and set a “hold” rating for the company in a research report on Wednesday, November 7th. Buckingham Research initiated coverage on shares of US Foods in a research report on Monday, October 22nd. They set a “neutral” rating and a $32.00 price objective for the company. Citigroup reduced their price objective on shares of US Foods from $39.00 to $37.00 and set a “buy” rating for the company in a research report on Tuesday, November 13th. Zacks Investment Research upgraded shares of US Foods from a “sell” rating to a “hold” rating in a research report on Tuesday, September 18th. Finally, Loop Capital reduced their price objective on shares of US Foods from $36.00 to $34.00 and set a “hold” rating for the company in a research report on Friday, November 9th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. US Foods currently has an average rating of “Buy” and an average price target of $37.73.

Shares of USFD opened at $33.18 on Friday. US Foods Holding Corp has a one year low of $27.51 and a one year high of $40.92. The stock has a market capitalization of $7.06 billion, a price-to-earnings ratio of 36.46, a PEG ratio of 0.62 and a beta of 0.36. The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last announced its earnings results on Tuesday, November 6th. The company reported $0.55 EPS for the quarter, topping the consensus estimate of $0.51 by $0.04. US Foods had a net margin of 2.33% and a return on equity of 13.04%. The company had revenue of $6.15 billion during the quarter, compared to analysts’ expectations of $6.31 billion. During the same period last year, the company posted $0.39 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. As a group, analysts anticipate that US Foods Holding Corp will post 1.99 earnings per share for the current fiscal year.

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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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