Amalgamated Bank decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 5.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 104,855 shares of the company's stock after selling 5,726 shares during the period. Amalgamated Bank's holdings in US Foods were worth $6,864,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of USFD. Colonial Trust Co SC purchased a new stake in shares of US Foods during the 4th quarter valued at $25,000. GeoWealth Management LLC grew its position in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the period. EverSource Wealth Advisors LLC increased its stake in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after acquiring an additional 178 shares during the last quarter. Legacy Investment Solutions LLC purchased a new position in shares of US Foods in the 4th quarter worth about $32,000. Finally, True Wealth Design LLC raised its holdings in shares of US Foods by 153.6% in the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after purchasing an additional 298 shares during the period. Hedge funds and other institutional investors own 98.76% of the company's stock.
Insider Transactions at US Foods
In other US Foods news, EVP Dirk J. Locascio sold 15,000 shares of the firm's stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the executive vice president directly owned 115,077 shares of the company's stock, valued at $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.60% of the stock is owned by corporate insiders.
Wall Street Analyst Weigh In
A number of research firms recently issued reports on USFD. Morgan Stanley increased their target price on shares of US Foods from $81.00 to $84.00 and gave the stock an "overweight" rating in a research report on Friday, May 9th. Guggenheim reiterated a "buy" rating and set a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. Wall Street Zen raised shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. UBS Group lifted their target price on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, JPMorgan Chase & Co. upped their price target on shares of US Foods from $82.00 to $85.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 25th. One analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Buy" and a consensus price target of $77.00.
View Our Latest Research Report on US Foods
US Foods Stock Up 0.3%
US Foods stock traded up $0.27 during midday trading on Wednesday, hitting $77.69. 1,767,838 shares of the stock were exchanged, compared to its average volume of 2,012,519. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The company has a 50 day moving average price of $74.12 and a two-hundred day moving average price of $69.65. The firm has a market cap of $17.97 billion, a P/E ratio of 35.64, a P/E/G ratio of 1.11 and a beta of 1.42. US Foods Holding Corp. has a 1 year low of $50.05 and a 1 year high of $79.64.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The business had revenue of $9.35 billion for the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The firm's revenue was up 4.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.54 earnings per share. On average, sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
US Foods Company 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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