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

Congress Asset Management Co. cut its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund 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 SEC filing.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in USFD. Fulton Bank N.A. increased its position in US Foods by 16.6% in the first quarter. Fulton Bank N.A. now owns 10,653 shares of the company's stock worth $697,000 after buying an additional 1,513 shares during the last quarter. Merit Financial Group LLC grew its position in shares of US Foods by 204.0% during the 1st quarter. Merit Financial Group LLC now owns 18,613 shares of the company's stock valued at $1,218,000 after purchasing 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 stake in US Foods by 0.8% in the first quarter. Rhumbline Advisers now owns 759,441 shares of the company's stock valued at $49,713,000 after purchasing an additional 5,737 shares in the last quarter. Finally, Parallel Advisors LLC lifted its holdings in shares of US Foods by 35.1% during the 1st quarter. Parallel Advisors LLC now owns 1,718 shares of the company's stock worth $112,000 after acquiring an additional 446 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Stock Performance

Shares of USFD traded up $0.02 on Tuesday, reaching $76.93. The company's stock had a trading volume of 1,447,312 shares, compared to its average volume of 2,029,971. The stock's 50 day simple moving average is $69.93 and its two-hundred day simple moving average is $69.02. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $17.80 billion, a P/E ratio of 38.08, a PEG ratio of 1.03 and a beta of 1.44. US Foods Holding Corp. has a 12-month low of $50.05 and a 12-month high of $79.64.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The business had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the previous year, the firm earned $0.54 EPS. The company's revenue was up 4.5% on a year-over-year basis. Research analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Transactions at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of the company's stock in a transaction on Thursday, May 15th. The shares were 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 now owns 115,077 shares of the company's stock, valued at approximately $8,630,775. This represents a 11.53% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.60% of the company's stock.

Analysts Set New Price Targets

USFD has been the topic of a number of recent research reports. Barclays raised their price objective on US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research note on Wednesday, June 4th. JPMorgan Chase & Co. boosted their price objective on US Foods from $70.00 to $82.00 and gave the company a "neutral" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a report on Saturday, May 24th. Guggenheim reaffirmed a "buy" rating and issued a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. Finally, Piper Sandler increased their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. 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. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $76.75.

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.