Amalgamated Bank Cuts Stake in US Foods Holding Corp. (NYSE:USFD)

Amalgamated Bank lowered its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 10.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 157,890 shares of the company's stock after selling 18,271 shares during the period. Amalgamated Bank owned approximately 0.06% of US Foods worth $7,170,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in USFD. Blue Trust Inc. acquired a new position in US Foods in the fourth quarter valued at about $30,000. GAMMA Investing LLC bought a new stake in shares of US Foods during the 4th quarter worth approximately $41,000. Fifth Third Bancorp boosted its position in shares of US Foods by 36.1% during the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company's stock worth $47,000 after acquiring an additional 316 shares in the last quarter. Anchor Investment Management LLC bought a new position in US Foods in the fourth quarter valued at approximately $47,000. Finally, DekaBank Deutsche Girozentrale acquired a new position in US Foods during the third quarter valued at approximately $61,000. Institutional investors and hedge funds own 98.76% of the company's stock.

Insider Buying and Selling

In other news, EVP David A. Rickard sold 50,000 shares of the company'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 sale, the executive vice president now directly owns 148,561 shares of the company's stock, valued at approximately $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.70% of the stock is owned by insiders.

US Foods Trading Up 0.8 %

Shares of USFD stock traded up $0.40 during trading hours on Friday, hitting $51.40. 1,149,399 shares of the company's stock traded hands, compared to its average volume of 1,571,605. The stock has a market cap of $12.61 billion, a PE ratio of 25.45, a price-to-earnings-growth ratio of 0.86 and a beta of 1.58. The stock's 50 day simple moving average is $52.11 and its 200 day simple moving average is $47.08. The company has a quick ratio of 0.78, a current ratio of 1.30 and a debt-to-equity ratio of 0.96. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $54.94.

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

Wall Street Analyst Weigh In

A number of brokerages have weighed in on USFD. BTIG Research raised their target price on US Foods from $52.00 to $62.00 and gave the company a "buy" rating in a report on Tuesday, March 19th. Piper Sandler raised US Foods from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $45.00 to $59.00 in a research note on Tuesday, February 20th. Truist Financial raised their price target on shares of US Foods from $52.00 to $57.00 and gave the company a "buy" rating in a research note on Tuesday, February 20th. JPMorgan Chase & Co. upped their price objective on shares of US Foods from $50.00 to $52.00 and gave the stock a "neutral" rating in a research report on Tuesday, March 19th. Finally, UBS Group upgraded shares of US Foods from a "neutral" rating to a "buy" rating and raised their target price for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. One research analyst has rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Buy" and a consensus price target of $54.92.

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.