US Foods Holding Corp (USFD) Issues Earnings Results, Beats Expectations 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. The firm had revenue of $6.16 billion during the quarter, compared to analysts’ expectations of $6.03 billion. US Foods Holding Corp had a return on equity of 4.21% and a net margin of 0.46%. The firm’s quarterly revenue was up 6.1% compared to the same quarter last year. During the same quarter last year, the business posted ($0.07) EPS. US Foods Holding Corp updated its FY17 guidance to $1.30-1.40 EPS.

Shares of US Foods Holding Corp (NASDAQ USFD) traded up 0.861% during mid-day trading on Thursday, reaching $27.535. The company’s stock had a trading volume of 167,256 shares. The firm’s 50 day moving average is $27.65 and its 200-day moving average is $27.88. The company has a market capitalization of $6.12 billion and a PE ratio of 26.811. US Foods Holding Corp has a 52-week low of $22.19 and a 52-week high of $30.73.

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A number of analysts recently commented on USFD shares. Zacks Investment Research upgraded US Foods Holding Corp from a “sell” rating to a “hold” rating in a research report on Wednesday, April 19th. Guggenheim reiterated a “buy” rating on shares of US Foods Holding Corp in a research report on Tuesday, June 27th. Credit Suisse Group reissued an “outperform” rating and issued a $35.00 price target (up from $32.00) on shares of US Foods Holding Corp in a research note on Wednesday, May 17th. Royal Bank Of Canada reissued a “buy” rating on shares of US Foods Holding Corp in a research note on Tuesday, April 18th. Finally, Loop Capital initiated coverage on US Foods Holding Corp in a research note on Monday, May 15th. They issued a “hold” rating and a $31.00 price target on the stock. Four analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. US Foods Holding Corp currently has a consensus rating of “Buy” and a consensus price target of $30.78.

In related news, insider Pietro Satriano sold 89,932 shares of the company’s stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total transaction of $2,540,579.00. Following the transaction, the insider now directly owns 164,366 shares of the company’s stock, valued at $4,643,339.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Anthony Lederer sold 598,950 shares of the company’s stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total value of $16,920,337.50. Following the transaction, the director now directly owns 504,224 shares in the company, valued at $14,244,328. The disclosure for this sale can be found here. Insiders have sold 23,344,441 shares of company stock worth $659,480,458 over the last three months.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Engineers Gate Manager LP acquired a new position in US Foods Holding Corp during the second quarter valued at $2,700,000. JPMorgan Chase & Co. raised its position in US Foods Holding Corp by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 278,611 shares of the company’s stock valued at $7,584,000 after buying an additional 31,121 shares during the last quarter. Swiss National Bank raised its position in US Foods Holding Corp by 47.0% in the second quarter. Swiss National Bank now owns 240,555 shares of the company’s stock valued at $6,548,000 after buying an additional 76,900 shares during the last quarter. Principal Financial Group Inc. raised its position in US Foods Holding Corp by 102.6% in the second quarter. Principal Financial Group Inc. now owns 20,008 shares of the company’s stock valued at $545,000 after buying an additional 10,134 shares during the last quarter. Finally, 1060 Capital LLC acquired a new position in US Foods Holding Corp during the second quarter valued at $9,527,000.

US Foods Holding Corp Company Profile

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.

Earnings History for US Foods Holding Corp (NASDAQ:USFD)

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