Nisa Investment Advisors LLC decreased its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 83.5% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,875 shares of the company's stock after selling 65,070 shares during the quarter. Nisa Investment Advisors LLC's holdings in US Foods were worth $843,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently modified their holdings of the business. Colonial Trust Co SC bought a new stake in shares of US Foods during the 4th quarter worth $25,000. GeoWealth Management LLC increased its stake in shares of US Foods by 94.5% in the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock worth $26,000 after purchasing an additional 189 shares during the period. EverSource Wealth Advisors LLC increased its stake in shares of US Foods by 59.5% in the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock worth $32,000 after purchasing an additional 178 shares during the period. Legacy Investment Solutions LLC bought a new position in shares of US Foods in the fourth quarter worth about $32,000. Finally, True Wealth Design LLC grew its position in US Foods by 153.6% during the fourth quarter. True Wealth Design LLC now owns 492 shares of the company's stock worth $33,000 after buying an additional 298 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
US Foods Trading Up 1.6%
Shares of NYSE:USFD traded up $1.33 during mid-day trading on Thursday, reaching $84.28. 1,117,874 shares of the company's stock were exchanged, compared to its average volume of 2,049,466. US Foods Holding Corp. has a twelve month low of $50.49 and a twelve month high of $84.34. The business's fifty day moving average price is $77.14 and its 200-day moving average price is $70.54. The firm has a market capitalization of $19.50 billion, a price-to-earnings ratio of 38.68, a PEG ratio of 1.17 and a beta of 1.41. 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 earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing analysts' consensus estimates of $0.69 by ($0.01). US Foods had a return on equity of 15.58% and a net margin of 1.38%. The firm had revenue of $9.35 billion for the quarter, compared to the consensus estimate of $9.42 billion. During the same period in the prior year, the business earned $0.54 EPS. US Foods's quarterly revenue was up 4.5% on a year-over-year basis. On average, research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analyst Ratings Changes
A number of research firms have weighed in on USFD. Wells Fargo & Company reaffirmed an "overweight" rating on shares of US Foods in a report on Sunday. Barclays upped their price objective on shares of US Foods from $85.00 to $95.00 and gave the company an "overweight" rating in a research report on Wednesday, June 4th. UBS Group upped their target price on shares of US Foods from $83.00 to $84.00 and gave the stock a "buy" rating in a research note on Friday, May 9th. Wall Street Zen upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research note on Saturday, May 24th. Finally, Citigroup began coverage on shares of US Foods in a report on Thursday, May 22nd. They issued a "buy" rating and a $95.00 price target on the stock. One equities research 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 stock. According to data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $77.42.
Check Out Our Latest Stock Analysis on USFD
Insider Buying and Selling at US Foods
In other news, EVP Dirk J. Locascio sold 15,000 shares of the business's stock in a transaction dated 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 sale, the executive vice president directly owned 115,077 shares of the company's stock, valued at $8,630,775. The trade was a 11.53% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 0.60% of the company's stock.
About US Foods
(
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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