Mutual of America Capital Management LLC lessened its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 118,574 shares of the company's stock after selling 4,474 shares during the period. Mutual of America Capital Management LLC owned about 0.05% of US Foods worth $7,762,000 as of its most recent SEC filing.
Several other hedge funds also recently made changes to their positions in USFD. Kesler Norman & Wride LLC boosted its position in shares of US Foods by 1.3% during the first quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company's stock valued at $822,000 after purchasing an additional 160 shares in the last quarter. Cerity Partners LLC lifted its position in US Foods by 12.4% during the first quarter. Cerity Partners LLC now owns 39,815 shares of the company's stock valued at $2,606,000 after purchasing an additional 4,402 shares during the period. TD Private Client Wealth LLC boosted its stake in shares of US Foods by 8.2% in the 1st quarter. TD Private Client Wealth LLC now owns 14,507 shares of the company's stock worth $950,000 after buying an additional 1,104 shares during the last quarter. Tradewinds LLC. bought a new stake in shares of US Foods during the 1st quarter valued at about $4,852,000. Finally, OneDigital Investment Advisors LLC grew its position in US Foods by 9.8% during the first quarter. OneDigital Investment Advisors LLC now owns 22,540 shares of the company's stock valued at $1,475,000 after buying an additional 2,011 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
A number of research firms have commented on USFD. Guggenheim restated a "buy" rating and set a $80.00 target price on shares of US Foods in a research note on Monday, May 12th. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the company a "neutral" rating in a research note on Wednesday, June 25th. Morgan Stanley restated an "overweight" rating and issued a $89.00 target price (up from $84.00) on shares of US Foods in a report on Monday, July 14th. Wells Fargo & Company restated an "overweight" rating on shares of US Foods in a report on Sunday, July 13th. Finally, UBS Group boosted their target price on US Foods from $84.00 to $96.00 and gave the company a "buy" rating in a research report on Monday, July 28th. One equities research analyst has rated the stock with a hold rating, ten have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $78.42.
Check Out Our Latest Research Report on USFD
US Foods Stock Down 5.3%
USFD stock traded down $4.46 during trading on Thursday, hitting $80.22. 5,960,901 shares of the company's stock traded hands, compared to its average volume of 2,565,899. The firm has a market capitalization of $18.56 billion, a P/E ratio of 36.80, a PEG ratio of 1.23 and a beta of 1.44. US Foods Holding Corp. has a 1 year low of $50.49 and a 1 year high of $85.11. The company has a quick ratio of 0.74, a current ratio of 1.17 and a debt-to-equity ratio of 1.02. The business has a fifty day simple moving average of $79.53 and a two-hundred day simple moving average of $72.25.
US Foods (NYSE:USFD - Get Free Report) last announced its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.14 by $0.05. The business had revenue of $10.08 billion for the quarter, compared to analysts' expectations of $10.17 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The business's revenue for the quarter was up 3.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.93 EPS. Sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.
Insider Buying and Selling at US Foods
In related news, EVP Dirk J. Locascio sold 7,500 shares of the business's stock in a transaction that occurred on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the completion of the transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. The trade was a 6.12% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company's stock.
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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