Raymond James & Associates Sells 155,140 Shares of US Foods Holding Corp. (NYSE:USFD)

Raymond James & Associates lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 14.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 938,950 shares of the company's stock after selling 155,140 shares during the period. Raymond James & Associates owned 0.38% of US Foods worth $50,675,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of USFD. Redmont Wealth Advisors LLC purchased a new position in US Foods in the 1st quarter worth approximately $27,000. Rise Advisors LLC bought a new position in US Foods in the 1st quarter worth $30,000. Blue Trust Inc. bought a new stake in shares of US Foods during the 4th quarter valued at about $30,000. GAMMA Investing LLC purchased a new position in shares of US Foods during the fourth quarter valued at about $41,000. Finally, Anchor Investment Management LLC bought a new stake in US Foods during the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 98.76% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently commented on the stock. BTIG Research increased their price target on shares of US Foods from $52.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Morgan Stanley increased their target price on shares of US Foods from $60.00 to $62.00 and gave the stock an "overweight" rating in a report on Friday, April 12th. StockNews.com upgraded shares of US Foods from a "buy" rating to a "strong-buy" rating in a research report on Friday, February 23rd. Truist Financial boosted their price target on US Foods from $52.00 to $57.00 and gave the stock a "buy" rating in a report on Tuesday, February 20th. Finally, BMO Capital Markets increased their price target on US Foods from $50.00 to $58.00 and gave the company an "outperform" rating in a research note on Friday, February 16th. One analyst has rated the stock with a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, US Foods has a consensus rating of "Buy" and a consensus target price of $54.92.

US Foods Stock Up 0.8 %

NYSE USFD traded up $0.40 during trading hours on Friday, hitting $51.40. 1,149,399 shares of the company were exchanged, compared to its average volume of 1,571,605. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $54.94. The firm has a market cap of $12.61 billion, a price-to-earnings ratio of 25.45, a PEG ratio of 0.85 and a beta of 1.58. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. The company has a 50 day moving average of $52.11 and a two-hundred day moving average of $47.02.

US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.64 by ($0.04). US Foods had a net margin of 1.42% and a return on equity of 13.41%. The business had revenue of $8.94 billion during the quarter, compared to analyst estimates of $8.81 billion. Equities research analysts anticipate that US Foods Holding Corp. will post 2.92 earnings per share for the current year.

Insider Activity at US Foods

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the business's stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now directly owns 148,561 shares of the company's stock, valued at approximately $7,802,423.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by insiders.

US Foods 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.