American International Group Inc. Reduces Stake in US Foods Holding Corp. (NYSE:USFD)

American International Group Inc. lowered its position in US Foods Holding Corp. (NYSE:USFD) by 4.5% in the 4th quarter, Holdings Channel reports. The fund owned 305,526 shares of the company’s stock after selling 14,502 shares during the quarter. American International Group Inc.’s holdings in US Foods were worth $13,874,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State of Alaska Department of Revenue raised its position in shares of US Foods by 138.6% in the 4th quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company’s stock worth $2,925,000 after acquiring an additional 37,425 shares in the last quarter. Wellington Management Group LLP increased its position in US Foods by 7.5% during the 3rd quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock valued at $113,954,000 after buying an additional 199,269 shares in the last quarter. Handelsinvest Investeringsforvaltning bought a new position in US Foods during the 4th quarter valued at approximately $1,269,000. Nordea Investment Management AB increased its position in US Foods by 102.1% during the 4th quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after buying an additional 55,554 shares in the last quarter. Finally, Oak Thistle LLC bought a new position in US Foods during the 4th quarter valued at approximately $1,639,000. Institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

USFD has been the subject of a number of analyst reports. Barclays raised their price objective on US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a research report on Friday, May 10th. Wells Fargo & Company raised their price objective on US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a research report on Thursday, June 6th. Morgan Stanley lifted their target price on US Foods from $62.00 to $64.00 and gave the stock an “overweight” rating in a report on Friday, May 10th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up previously from $58.00) on shares of US Foods in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. lifted their target price on US Foods from $52.00 to $58.00 and gave the stock a “neutral” rating in a report on Monday, June 3rd. One equities research analyst has rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Buy” and an average price target of $62.00.

US Foods Stock Performance

Shares of USFD stock traded down $0.73 on Friday, reaching $51.82. The stock had a trading volume of 1,814,337 shares, compared to its average volume of 1,720,836. The stock has a market cap of $12.74 billion, a P/E ratio of 25.53, a price-to-earnings-growth ratio of 0.85 and a beta of 1.60. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $55.98. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31. The company has a 50 day simple moving average of $52.48 and a 200 day simple moving average of $49.73.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, May 9th. The company reported $0.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. Equities research analysts expect that US Foods Holding Corp. will post 2.92 EPS for the current year.

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.