Congress Asset Management Co. Sells 248,809 Shares of US Foods Holding Corp. (NYSE:USFD)

Congress Asset Management Co. lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 13.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,652,805 shares of the company's stock after selling 248,809 shares during the quarter. Congress Asset Management Co. owned approximately 0.72% of US Foods worth $108,193,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in USFD. Fulton Bank N.A. raised its holdings in shares of US Foods by 16.6% in the 1st quarter. Fulton Bank N.A. now owns 10,653 shares of the company's stock valued at $697,000 after acquiring an additional 1,513 shares in the last quarter. Merit Financial Group LLC raised its holdings in shares of US Foods by 204.0% in the 1st quarter. Merit Financial Group LLC now owns 18,613 shares of the company's stock valued at $1,218,000 after acquiring an additional 12,491 shares in the last quarter. NBC Securities Inc. raised its holdings in shares of US Foods by 107,450.0% in the 1st quarter. NBC Securities Inc. now owns 2,151 shares of the company's stock valued at $140,000 after acquiring an additional 2,149 shares in the last quarter. Rhumbline Advisers raised its holdings in shares of US Foods by 0.8% in the 1st quarter. Rhumbline Advisers now owns 759,441 shares of the company's stock valued at $49,713,000 after acquiring an additional 5,737 shares in the last quarter. Finally, Parallel Advisors LLC raised its holdings in shares of US Foods by 35.1% in the 1st quarter. Parallel Advisors LLC now owns 1,718 shares of the company's stock valued at $112,000 after acquiring an additional 446 shares in the last quarter. Institutional investors own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on USFD shares. Piper Sandler raised their price target on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Citigroup started coverage on US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. Barclays raised their price target on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a report on Wednesday. UBS Group raised their price target on US Foods from $83.00 to $84.00 and gave the company a "buy" rating in a report on Friday, May 9th. Finally, Morgan Stanley raised their price objective on US Foods from $81.00 to $84.00 and gave the company an "overweight" rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Buy" and a consensus target price of $76.75.

Insiders Place Their Bets

In other news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction that occurred 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 sale, the executive vice president now directly owns 115,077 shares in the company, valued at approximately $8,630,775. This trade represents a 11.53% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.60% of the company's stock.

US Foods Stock Performance

Shares of NYSE USFD opened at $77.79 on Friday. The stock has a market cap of $18.00 billion, a price-to-earnings ratio of 38.51, a P/E/G ratio of 1.03 and a beta of 1.35. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a 1-year low of $50.05 and a 1-year high of $79.64. The stock's 50-day moving average is $69.49 and its 200 day moving average is $68.89.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, May 8th. The company reported $0.68 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). The company had revenue of $9.35 billion during the quarter, compared to analysts' expectations of $9.42 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. US Foods's revenue for the quarter was up 4.5% on a year-over-year basis. During the same period last year, the firm earned $0.54 earnings per share. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods Company Profile

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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