US Foods Holding Corp. $USFD Stock Sold by Ethic Inc.

Key Points

• Ethic Inc. cut its US Foods stake by 15.5% in the third quarter, selling 10,495 shares and ending the period with 57,047 shares valued at about $5.26 million.
• Institutional investors and hedge funds own 98.76% of US Foods. Other major investors, including Wellington Management, increased or initiated positions during recent quarters.
• US Foods slightly beat quarterly EPS expectations at $1.26, while revenue of $10.40 billion fell short of forecasts. Analysts’ consensus rating is “Moderate Buy,” with an average price target of $115.31.

Ethic Inc. lowered its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 15.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,047 shares of the company's stock after selling 10,495 shares during the quarter. Ethic Inc.'s holdings in US Foods were worth $5,260,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of USFD. Wellington Management Group LLP lifted its position in shares of US Foods by 46.1% during the 2nd quarter. Wellington Management Group LLP now owns 23,009,877 shares of the company's stock valued at $2,352,760,000 after buying an additional 7,259,357 shares in the last quarter. BlackRock Inc. purchased a new stake in US Foods in the 2nd quarter worth $2,131,439,000. Primecap Management Co. CA acquired a new position in US Foods during the second quarter worth $406,997,000. Bessemer Group Inc. raised its position in US Foods by 1.8% during the first quarter. Bessemer Group Inc. now owns 2,926,696 shares of the company's stock worth $269,872,000 after acquiring an additional 51,519 shares during the period. Finally, Deutsche Bank AG purchased a new position in US Foods during the second quarter valued at $141,394,000. 98.76% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other US Foods news, insider Randy J. Taylor sold 11,630 shares of the firm's stock in a transaction that occurred on Thursday, August 13th. The shares were sold at an average price of $110.37, for a total value of $1,283,603.10. Following the transaction, the insider directly owned 73,618 shares of the company's stock, valued at $8,125,218.66. This trade represents a 13.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.74% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. JPMorgan Chase & Co. dropped their target price on shares of US Foods from $108.00 to $98.00 and set a "neutral" rating on the stock in a research report on Tuesday, September 29th. BMO Capital Markets restated an "outperform" rating and set a $120.00 price target on shares of US Foods in a research report on Friday, August 7th. Morgan Stanley raised their price target on shares of US Foods from $107.00 to $111.00 and gave the company an "equal weight" rating in a research note on Thursday, October 15th. Piper Sandler lifted their price objective on US Foods from $88.00 to $108.00 and gave the stock a "neutral" rating in a report on Wednesday, August 12th. Finally, Wall Street Zen lowered US Foods from a "buy" rating to a "hold" rating in a research note on Saturday. One equities research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $115.31.

US Foods Trading Up 3.0%

Shares of USFD opened at $109.91 on Tuesday. US Foods Holding Corp. has a 52-week low of $69.88 and a 52-week high of $112.57. The stock has a market cap of $23.78 billion, a PE ratio of 27.55, a price-to-earnings-growth ratio of 1.39 and a beta of 0.87. The firm's fifty day moving average is $99.29 and its two-hundred day moving average is $95.12. The company has a quick ratio of 0.70, a current ratio of 1.14 and a debt-to-equity ratio of 1.19.

US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, November 5th. The company reported $1.26 EPS for the quarter, beating analysts' consensus estimates of $1.25 by $0.01. The business had revenue of $10.40 billion during the quarter, compared to analysts' expectations of $10.58 billion. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The company's quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 earnings per share. Research analysts forecast that US Foods Holding Corp. will post 4.45 earnings per share for the current fiscal year.

About US Foods

US Foods Holding Corp. is a foodservice distributor that supplies restaurants and other foodservice businesses across the United States. Its customers include independent restaurants, healthcare and senior-care facilities, hotels, educational institutions, and government organizations.

The company distributes a broad range of products, including fresh and frozen foods, meat, seafood, produce, dairy, beverages, and nonfood supplies. It also offers services and digital tools intended to help customers manage menus, purchasing, and kitchen operations.

US Foods is headquartered in Rosemont, Illinois, and traces its history to predecessor businesses dating back to the 19th century.

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