Raymond James & Associates lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 32.3% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 555,640 shares of the company's stock after selling 265,251 shares during the quarter. Raymond James & Associates owned approximately 0.23% of US Foods worth $34,172,000 at the end of the most recent quarter.
Other institutional investors have also recently made changes to their positions in the company. Lord Abbett & CO. LLC purchased a new stake in shares of US Foods during the first quarter valued at approximately $22,937,000. Janus Henderson Group PLC lifted its stake in US Foods by 46.3% in the first quarter. Janus Henderson Group PLC now owns 162,338 shares of the company's stock worth $8,759,000 after acquiring an additional 51,402 shares during the period. Entropy Technologies LP purchased a new stake in US Foods in the first quarter worth $232,000. Artemis Investment Management LLP purchased a new stake in US Foods in the first quarter worth $20,997,000. Finally, Vanguard Group Inc. lifted its stake in US Foods by 3.6% in the first quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock worth $1,242,336,000 after acquiring an additional 796,434 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
Wall Street Analyst Weigh In
A number of brokerages recently commented on USFD. JPMorgan Chase & Co. raised their price target on US Foods from $60.00 to $68.00 and gave the stock a "neutral" rating in a research note on Monday, September 16th. Deutsche Bank Aktiengesellschaft increased their price objective on US Foods from $72.00 to $75.00 and gave the stock a "buy" rating in a report on Friday, August 9th. Wells Fargo & Company increased their price objective on US Foods from $66.00 to $75.00 and gave the stock an "overweight" rating in a report on Wednesday, September 18th. Jefferies Financial Group increased their price objective on US Foods from $66.00 to $71.00 and gave the stock a "buy" rating in a report on Wednesday, September 25th. Finally, StockNews.com upgraded US Foods from a "buy" rating to a "strong-buy" rating in a report on Thursday, October 10th. One 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 data from MarketBeat.com, the company currently has an average rating of "Buy" and an average target price of $66.82.
Check Out Our Latest Report on USFD
Insiders Place Their Bets
In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business's stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.70% of the stock is owned by insiders.
US Foods Stock Down 0.8 %
Shares of NYSE:USFD traded down $0.46 on Thursday, hitting $60.70. 2,389,307 shares of the company traded hands, compared to its average volume of 1,797,236. US Foods Holding Corp. has a 52 week low of $36.75 and a 52 week high of $63.13. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The stock has a 50 day simple moving average of $60.23 and a 200-day simple moving average of $55.29. The company has a market cap of $14.92 billion, a PE ratio of 29.90, a PEG ratio of 1.02 and a beta of 1.66.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same period last year, the company earned $0.73 earnings per share. The company's revenue was up 7.7% on a year-over-year basis. As a group, research analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current year.
US Foods Company Profile
(
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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