US Foods Holding Corp (NASDAQ:USFD) Issues Earnings Results, Beats Estimates By $0.02 EPS

US Foods Holding Corp (NASDAQ:USFD) posted its quarterly earnings data on Wednesday. The company reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.02, Bloomberg Earnings reports. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. The firm had revenue of $6.16 billion during the quarter, compared to analyst estimates of $6.03 billion. During the same quarter last year, the business posted ($0.07) EPS. The company’s revenue was up 6.1% on a year-over-year basis. US Foods Holding Corp updated its FY17 guidance to $1.30-1.40 EPS.

Shares of US Foods Holding Corp (NASDAQ:USFD) opened at 26.96 on Friday. The firm’s 50 day moving average is $27.62 and its 200-day moving average is $27.88. US Foods Holding Corp has a 52 week low of $22.19 and a 52 week high of $30.73. The firm has a market cap of $5.99 billion and a price-to-earnings ratio of 26.25.

In related news, Director John Anthony Lederer sold 598,950 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total transaction of $16,920,337.50. Following the completion of the transaction, the director now owns 504,224 shares in the company, valued at $14,244,328. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total transaction of $640,019,541.75. The disclosure for this sale can be found here. Insiders have sold 23,344,441 shares of company stock valued at $659,480,458 in the last 90 days.

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of US Foods Holding Corp by 12.9% in the fourth quarter. State Street Corp now owns 519,395 shares of the company’s stock valued at $14,270,000 after buying an additional 59,258 shares during the last quarter. Norges Bank acquired a new position in shares of US Foods Holding Corp during the fourth quarter valued at approximately $13,392,000. Quadrature Capital Ltd acquired a new position in shares of US Foods Holding Corp during the fourth quarter valued at approximately $460,000. UBS Asset Management Americas Inc. acquired a new position in shares of US Foods Holding Corp during the fourth quarter valued at approximately $325,000. Finally, Teachers Advisors LLC boosted its position in shares of US Foods Holding Corp by 9.5% in the fourth quarter. Teachers Advisors LLC now owns 809,720 shares of the company’s stock valued at $22,251,000 after buying an additional 70,570 shares during the last quarter.

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A number of research firms recently commented on USFD. Credit Suisse Group reaffirmed an “outperform” rating and issued a $35.00 price objective (up previously from $32.00) on shares of US Foods Holding Corp in a research note on Wednesday, May 17th. Pivotal Research lifted their target price on shares of US Foods Holding Corp from $25.00 to $29.00 and gave the company a “hold” rating in a research note on Wednesday, May 10th. Royal Bank Of Canada reissued an “outperform” rating and set a $32.00 target price on shares of US Foods Holding Corp in a research note on Wednesday, May 10th. Loop Capital started coverage on shares of US Foods Holding Corp in a research note on Monday, May 15th. They set a “hold” rating and a $31.00 target price for the company. Finally, Guggenheim reissued a “buy” rating and set a $33.00 target price (up previously from $30.00) on shares of US Foods Holding Corp in a research note on Monday, May 15th. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $31.00.

About US Foods Holding Corp

US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.