Portside Wealth Group LLC Sells 1,424 Shares of US Foods Holding Corp. $USFD

Portside Wealth Group LLC trimmed its stake in US Foods Holding Corp. (NYSE:USFD) by 26.2% in the second quarter, Holdings Channel reports. The firm owned 4,015 shares of the company’s stock after selling 1,424 shares during the quarter. Portside Wealth Group LLC’s holdings in US Foods were worth $309,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. OMNI 360 Wealth Inc. acquired a new position in US Foods during the second quarter worth $276,000. Allianz Asset Management GmbH lifted its stake in US Foods by 152.6% in the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company’s stock valued at $6,858,000 after acquiring an additional 63,288 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in US Foods in the first quarter valued at $91,087,000. Lecap Asset Management Ltd. bought a new position in shares of US Foods in the 2nd quarter valued at about $1,195,000. Finally, Voya Investment Management LLC increased its stake in shares of US Foods by 27.7% during the 1st quarter. Voya Investment Management LLC now owns 244,629 shares of the company’s stock worth $16,013,000 after purchasing an additional 53,081 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analyst Weigh In

USFD has been the subject of several recent analyst reports. Barclays cut their target price on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wells Fargo & Company restated an “overweight” rating and issued a $87.00 price objective (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. UBS Group raised their price objective on US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a research report on Monday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research note on Monday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Two research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $82.00.

Insider Buying and Selling

In other US Foods news, insider Steven Guberman sold 58,632 shares of the stock in a transaction on Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the transaction, the insider owned 113,410 shares in the company, valued at $8,165,520. This trade represents a 34.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

US Foods Stock Down 0.7%

US Foods stock opened at $70.81 on Thursday. The company’s 50-day moving average price is $75.26 and its two-hundred day moving average price is $77.07. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The stock has a market cap of $15.79 billion, a P/E ratio of 29.50, a P/E/G ratio of 0.97 and a beta of 1.34. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $85.11.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The firm’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.85 earnings per share. As a group, analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.

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.