Bank of New York Mellon Corp Trims Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Bank of New York Mellon Corp lowered its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 1.6% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,729,508 shares of the company's stock after selling 28,966 shares during the period. Bank of New York Mellon Corp owned about 0.75% of US Foods worth $113,214,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of USFD. Colonial Trust Co SC purchased a new position in US Foods during the 4th quarter worth approximately $25,000. GeoWealth Management LLC grew its stake in US Foods by 94.5% in the 4th 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 raised its holdings in shares of US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the last quarter. Legacy Investment Solutions LLC acquired a new position in shares of US Foods during the fourth quarter valued at approximately $32,000. Finally, True Wealth Design LLC grew its stake in US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company's stock valued at $33,000 after acquiring an additional 298 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the stock in a transaction on Thursday, May 15th. The stock was sold at an average price of $75.00, for a total value of $1,125,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at $8,630,775. This trade represents a 11.53% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on the stock. UBS Group raised their price target on shares of US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a research report on Friday, May 9th. Morgan Stanley boosted their price target on shares of US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a research report on Friday, May 9th. Guggenheim restated a "buy" rating and set a $80.00 target price on shares of US Foods in a research report on Monday, May 12th. JPMorgan Chase & Co. upped their price objective on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Finally, Citigroup assumed coverage on shares of US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 target price on the stock. One equities research analyst has rated the stock with a hold rating, ten have given a buy rating and three have assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Buy" and a consensus target price of $77.00.

US Foods Stock Performance

Shares of USFD stock opened at $79.74 on Thursday. The stock has a market capitalization of $18.45 billion, a price-to-earnings ratio of 36.58, a PEG ratio of 1.13 and a beta of 1.41. US Foods Holding Corp. has a one year low of $50.15 and a one year high of $79.87. The company's 50-day simple moving average is $75.78 and its 200-day simple moving average is $70.09. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The company had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. During the same period last year, the business posted $0.54 EPS. The company's revenue for the quarter was up 4.5% on a year-over-year basis. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

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.

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