Colony Group LLC lowered its holdings in shares of US Foods Holding Corp (NYSE:USFD) by 9.5% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 115,522 shares of the company’s stock after selling 12,177 shares during the period. Colony Group LLC owned about 0.05% of US Foods worth $4,748,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. Catalyst Capital Advisors LLC raised its position in US Foods by 82.0% during the third quarter. Catalyst Capital Advisors LLC now owns 726 shares of the company’s stock worth $30,000 after acquiring an additional 327 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of US Foods by 116.8% during the third quarter. Meeder Asset Management Inc. now owns 828 shares of the company’s stock worth $34,000 after buying an additional 446 shares in the last quarter. AdvisorNet Financial Inc grew its holdings in shares of US Foods by 1,041.0% during the third quarter. AdvisorNet Financial Inc now owns 1,529 shares of the company’s stock worth $63,000 after buying an additional 1,395 shares in the last quarter. Stevens First Principles Investment Advisors grew its holdings in shares of US Foods by 14.3% during the second quarter. Stevens First Principles Investment Advisors now owns 2,925 shares of the company’s stock worth $105,000 after buying an additional 365 shares in the last quarter. Finally, Nisa Investment Advisors LLC grew its holdings in shares of US Foods by 20.0% during the third quarter. Nisa Investment Advisors LLC now owns 4,800 shares of the company’s stock worth $197,000 after buying an additional 800 shares in the last quarter. Institutional investors own 94.09% of the company’s stock.
US Foods stock opened at $39.97 on Thursday. US Foods Holding Corp has a 1 year low of $29.55 and a 1 year high of $43.10. The firm has a 50 day moving average price of $39.75 and a 200 day moving average price of $38.45. The company has a market cap of $8.60 billion, a price-to-earnings ratio of 19.69, a PEG ratio of 2.00 and a beta of 0.47. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.82 and a current ratio of 1.40.
US Foods (NYSE:USFD) last released its earnings results on Tuesday, November 5th. The company reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.61 by $0.04. US Foods had a net margin of 1.57% and a return on equity of 14.40%. The firm had revenue of $6.53 billion during the quarter, compared to the consensus estimate of $6.53 billion. During the same period in the previous year, the firm earned $0.55 earnings per share. US Foods’s revenue was up 6.1% compared to the same quarter last year. Sell-side analysts predict that US Foods Holding Corp will post 2.31 EPS for the current year.
In related news, CEO Pietro Satriano sold 184,666 shares of the business’s stock in a transaction that occurred on Friday, November 8th. The shares were sold at an average price of $39.23, for a total value of $7,244,447.18. Following the completion of the sale, the chief executive officer now directly owns 275,499 shares in the company, valued at $10,807,825.77. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.80% of the stock is currently owned by insiders.
A number of brokerages have recently commented on USFD. Zacks Investment Research upgraded shares of US Foods from a “hold” rating to a “strong-buy” rating and set a $47.00 price target for the company in a report on Friday, October 11th. Buckingham Research lifted their price target on shares of US Foods from $48.00 to $51.00 and gave the stock a “buy” rating in a report on Thursday, September 12th. Bank of America lifted their price target on shares of US Foods from $44.00 to $50.00 and gave the stock a “buy” rating in a report on Thursday, October 3rd. Barclays lifted their price target on shares of US Foods from $40.00 to $42.00 and gave the stock an “equal weight” rating in a report on Thursday, September 12th. Finally, Credit Suisse Group lifted their price target on shares of US Foods from $42.00 to $47.00 and gave the stock an “outperform” rating in a report on Thursday, September 12th. Three investment analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the stock. US Foods presently has an average rating of “Buy” and an average price target of $44.83.
US Foods Company Profile
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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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