Amalgamated Bank Sells 5,175 Shares of US Foods Holding Corp. (NYSE:USFD)

Amalgamated Bank lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 4.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 110,581 shares of the company's stock after selling 5,175 shares during the period. Amalgamated Bank's holdings in US Foods were worth $7,460,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Legacy Wealth Asset Management LLC grew its holdings in shares of US Foods by 4.0% during the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock valued at $279,000 after buying an additional 160 shares in the last quarter. Bank of Montreal Can grew its stake in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after acquiring an additional 171 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in shares of US Foods by 54.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 575 shares of the company's stock valued at $35,000 after purchasing an additional 202 shares during the period. Allspring Global Investments Holdings LLC lifted its position in shares of US Foods by 2.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company's stock worth $588,000 after purchasing an additional 206 shares in the last quarter. Finally, CIBC Asset Management Inc boosted its holdings in shares of US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company's stock worth $436,000 after purchasing an additional 226 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Performance

NYSE:USFD traded up $1.48 during midday trading on Friday, reaching $71.72. The stock had a trading volume of 1,970,035 shares, compared to its average volume of 2,145,593. The stock has a market capitalization of $16.52 billion, a P/E ratio of 35.51, a PEG ratio of 1.03 and a beta of 1.67. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a 1-year low of $49.65 and a 1-year high of $73.19. The firm's fifty day simple moving average is $69.47 and its 200-day simple moving average is $65.39.

US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

USFD has been the topic of several research reports. Morgan Stanley upped their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Melius started coverage on US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective for the company. Truist Financial upped their target price on US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. Jefferies Financial Group lifted their price target on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, UBS Group increased their price objective on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, US Foods presently has a consensus rating of "Buy" and an average target price of $70.33.

Insider Activity

In other news, Director David W. Bullock bought 4,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.70% of the stock is owned by company insiders.

About US Foods

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.