IHT Wealth Management LLC Buys 2,275 Shares of US Foods Holding Corp. (NYSE:USFD)

IHT Wealth Management LLC grew its stake in US Foods Holding Corp. (NYSE:USFD – Get Rating) by 5.2% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,014 shares of the company’s stock after acquiring an additional 2,275 shares during the period. IHT Wealth Management LLC’s holdings in US Foods were worth $1,217,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of USFD. Twin Tree Management LP boosted its stake in shares of US Foods by 157.6% during the third quarter. Twin Tree Management LP now owns 1,482 shares of the company’s stock valued at $39,000 after purchasing an additional 4,056 shares in the last quarter. Costello Asset Management INC purchased a new stake in US Foods during the third quarter valued at approximately $42,000. Covestor Ltd lifted its position in US Foods by 744.8% during the first quarter. Covestor Ltd now owns 1,639 shares of the company’s stock valued at $62,000 after acquiring an additional 1,445 shares during the last quarter. SRS Capital Advisors Inc. lifted its position in US Foods by 1,423.1% during the third quarter. SRS Capital Advisors Inc. now owns 2,574 shares of the company’s stock valued at $68,000 after acquiring an additional 2,405 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in US Foods by 19.2% during the second quarter. Captrust Financial Advisors now owns 2,555 shares of the company’s stock valued at $78,000 after acquiring an additional 411 shares during the last quarter. 97.06% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

USFD has been the subject of a number of analyst reports. BMO Capital Markets increased their target price on shares of US Foods from $45.00 to $50.00 in a research report on Friday, February 17th. Credit Suisse Group raised their price target on shares of US Foods from $46.00 to $47.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. TheStreet raised shares of US Foods from a “c+” rating to a “b-” rating in a report on Tuesday, December 6th. Barclays raised shares of US Foods from an “equal weight” rating to an “overweight” rating and raised their price target for the stock from $34.00 to $43.00 in a report on Thursday, January 5th. Finally, Morgan Stanley raised their price target on shares of US Foods from $44.00 to $46.00 and gave the stock an “equal weight” rating in a report on Friday, February 17th. Two investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, US Foods presently has an average rating of “Moderate Buy” and a consensus price target of $44.90.

Insider Activity

In other news, EVP Jay Kvasnicka sold 2,590 shares of US Foods stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $38.01, for a total value of $98,445.90. Following the sale, the executive vice president now owns 63,049 shares in the company, valued at $2,396,492.49. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related news, major shareholder Kkr Group Partnership L.P. sold 7,600,000 shares of the business’s stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $38.83, for a total transaction of $295,108,000.00. Following the transaction, the insider now directly owns 37 shares in the company, valued at $1,436.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Jay Kvasnicka sold 2,590 shares of the business’s stock in a transaction dated Thursday, January 26th. The stock was sold at an average price of $38.01, for a total transaction of $98,445.90. Following the transaction, the executive vice president now owns 63,049 shares in the company, valued at $2,396,492.49. The disclosure for this sale can be found here. Insiders have sold a total of 7,670,152 shares of company stock worth $297,784,317 over the last 90 days. 1.00% of the stock is currently owned by company insiders.

US Foods Stock Down 2.6 %

USFD stock opened at $34.58 on Friday. The firm has a market cap of $7.76 billion, a PE ratio of 34.58 and a beta of 1.48. The company has a debt-to-equity ratio of 1.20, a quick ratio of 0.79 and a current ratio of 1.37. The firm’s fifty day moving average is $37.55 and its 200 day moving average is $33.57. US Foods Holding Corp. has a one year low of $25.49 and a one year high of $41.28.

US Foods (NYSE:USFD – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The company reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The company had revenue of $8.52 billion for the quarter, compared to analyst estimates of $8.58 billion. US Foods had a net margin of 0.78% and a return on equity of 13.22%. On average, research analysts forecast that US Foods Holding Corp. will post 2.32 EPS for the current year.

About US Foods

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US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.