Amalgamated Bank lowered its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 18.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 115,756 shares of the company's stock after selling 26,514 shares during the quarter. Amalgamated Bank's holdings in US Foods were worth $7,119,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently made changes to their positions in the company. Acadian Asset Management LLC bought a new stake in shares of US Foods during the 2nd quarter worth approximately $25,000. Quent Capital LLC increased its position in US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company's stock worth $29,000 after buying an additional 219 shares during the period. International Assets Investment Management LLC acquired a new stake in shares of US Foods during the 2nd quarter worth $30,000. UMB Bank n.a. grew its holdings in shares of US Foods by 364.0% during the 3rd quarter. UMB Bank n.a. now owns 631 shares of the company's stock worth $39,000 after purchasing an additional 495 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in US Foods in the first quarter valued at about $50,000. Institutional investors own 98.76% of the company's stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, September 18th. StockNews.com raised US Foods from a "buy" rating to a "strong-buy" rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. raised their price objective on US Foods from $60.00 to $68.00 and gave the company a "neutral" rating in a research note on Monday, September 16th. Jefferies Financial Group raised their price objective on US Foods from $66.00 to $71.00 and gave the company a "buy" rating in a research note on Wednesday, September 25th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on US Foods from $72.00 to $75.00 and gave the company a "buy" rating in a research note on Friday, August 9th. One equities research analyst has rated the stock with a hold rating, ten have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Buy" and a consensus target price of $66.82.
Get Our Latest Stock Analysis on USFD
Insiders Place Their Bets
In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.70% of the company's stock.
US Foods Stock Up 1.1 %
Shares of NYSE:USFD traded up $0.74 during mid-day trading on Thursday, hitting $66.54. 2,884,860 shares of the company traded hands, compared to its average volume of 1,807,216. The stock has a market cap of $16.27 billion, a P/E ratio of 31.69, a P/E/G ratio of 1.02 and a beta of 1.66. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. US Foods Holding Corp. has a 12-month low of $40.23 and a 12-month high of $67.23. The stock has a 50-day moving average price of $61.07 and a two-hundred day moving average price of $56.09.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The business's revenue was up 7.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.73 earnings per share. On average, equities research analysts forecast that US Foods Holding Corp. will post 2.9 earnings per share for the current year.
US Foods Profile
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Free Report)
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.
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