Handelsbanken Fonder AB cut its position in US Foods Holding Corp. (NYSE:USFD – Free Report) by 13.4% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 59,941 shares of the company’s stock after selling 9,300 shares during the period. Handelsbanken Fonder AB’s holdings in US Foods were worth $4,515,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. CIBC Bancorp USA Inc. purchased a new position in US Foods in the third quarter worth about $40,375,000. CENTRAL TRUST Co raised its holdings in US Foods by 30,283.3% in the third quarter. CENTRAL TRUST Co now owns 5,469 shares of the company’s stock worth $419,000 after buying an additional 5,451 shares during the last quarter. Nordea Investment Management AB purchased a new position in US Foods in the fourth quarter worth about $4,834,000. TD Asset Management Inc purchased a new position in US Foods in the third quarter worth about $1,477,000. Finally, Y Intercept Hong Kong Ltd purchased a new position in US Foods in the third quarter worth about $3,599,000. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Stock Performance
Shares of NYSE USFD opened at $80.41 on Friday. The firm has a 50 day moving average of $89.44 and a 200 day moving average of $84.51. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.16. The firm has a market capitalization of $17.71 billion, a price-to-earnings ratio of 27.07, a price-to-earnings-growth ratio of 1.00 and a beta of 0.90. US Foods Holding Corp. has a 12-month low of $69.88 and a 12-month high of $102.13.
Wall Street Analyst Weigh In
USFD has been the subject of several recent analyst reports. Weiss Ratings cut shares of US Foods from a “buy (b+)” rating to a “buy (b)” rating in a report on Friday, May 1st. UBS Group reissued a “buy” rating and set a $117.00 price objective on shares of US Foods in a report on Friday, February 13th. Citigroup decreased their price objective on shares of US Foods from $115.00 to $111.00 and set a “buy” rating for the company in a report on Friday, May 8th. JPMorgan Chase & Co. decreased their price objective on shares of US Foods from $98.00 to $90.00 and set a “neutral” rating for the company in a report on Thursday, May 14th. Finally, Deutsche Bank Aktiengesellschaft set a $111.00 price objective on shares of US Foods and gave the company a “buy” rating in a report on Friday, February 13th. Ten research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, US Foods has a consensus rating of “Moderate Buy” and a consensus price target of $106.75.
Read Our Latest Analysis on US Foods
US Foods Company Profile
US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.
Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.
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