Parnassus Investments LLC Cuts Holdings in US Foods Holding Corp. $USFD

Parnassus Investments LLC cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.8% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 876,691 shares of the company’s stock after selling 34,172 shares during the period. Parnassus Investments LLC owned approximately 0.39% of US Foods worth $67,172,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of US Foods in the second quarter valued at approximately $184,413,000. Primecap Management Co. CA raised its position in US Foods by 84.4% during the second quarter. Primecap Management Co. CA now owns 3,580,710 shares of the company’s stock worth $275,750,000 after acquiring an additional 1,639,310 shares during the period. Holocene Advisors LP purchased a new position in US Foods during the second quarter valued at $64,220,000. Burgundy Asset Management Ltd. grew its position in shares of US Foods by 31.0% in the second quarter. Burgundy Asset Management Ltd. now owns 2,206,740 shares of the company’s stock valued at $169,941,000 after purchasing an additional 522,586 shares during the period. Finally, Panagora Asset Management Inc. increased its stake in shares of US Foods by 59.4% during the second quarter. Panagora Asset Management Inc. now owns 1,108,800 shares of the company’s stock worth $85,389,000 after purchasing an additional 413,102 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Price Performance

Shares of USFD opened at $75.62 on Friday. The firm has a 50-day simple moving average of $75.15 and a two-hundred day simple moving average of $77.20. The stock has a market cap of $16.86 billion, a PE ratio of 31.51, a P/E/G ratio of 0.86 and a beta of 1.03. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $85.11. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. During the same period in the prior year, the business posted $0.85 EPS. The business’s revenue for the quarter was up 4.8% compared to the same quarter last year. As a group, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Transactions at US Foods

In other news, insider Steven Guberman sold 58,632 shares of the stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the sale, the insider owned 113,410 shares of the company’s stock, valued at approximately $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.60% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on USFD shares. Citigroup decreased their price target on shares of US Foods from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research report on Monday, December 29th. Barclays decreased their price objective on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Wall Street Zen cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Saturday, January 3rd. Ten research analysts have rated the stock with a Buy rating and one has given a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $88.50.

US Foods Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.