Bank of New York Mellon Corp Has $125.27 Million Position in US Foods Holding Corp. $USFD

Bank of New York Mellon Corp cut its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 10.3% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,634,946 shares of the company’s stock after selling 188,411 shares during the period. Bank of New York Mellon Corp’s holdings in US Foods were worth $125,270,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust boosted its stake in shares of US Foods by 303.7% during the 3rd quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock valued at $25,000 after buying an additional 246 shares during the period. Geneos Wealth Management Inc. increased its stake in shares of US Foods by 120.1% in the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after acquiring an additional 263 shares during the last quarter. First Horizon Corp purchased a new stake in shares of US Foods during the third quarter worth $39,000. MAI Capital Management raised its holdings in shares of US Foods by 155.6% during the second quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after acquiring an additional 322 shares in the last quarter. Finally, Quent Capital LLC acquired a new stake in US Foods during the third quarter valued at $43,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of NYSE USFD opened at $83.56 on Friday. The business’s 50-day simple moving average is $78.35 and its 200-day simple moving average is $77.63. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.85. The firm has a market cap of $18.63 billion, a price-to-earnings ratio of 34.81, a P/E/G ratio of 1.06 and a beta of 1.03.

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

Insider Activity

In related news, insider Steven Guberman sold 58,632 shares of the firm’s stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the transaction, the insider directly owned 113,410 shares in the company, valued at approximately $8,165,520. This trade represents a 34.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have weighed in on USFD shares. Morgan Stanley set a $92.00 target price on US Foods in a research report on Tuesday, January 20th. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research note on Monday, December 29th. Wall Street Zen downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Citigroup lifted their target price on shares of US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research report on Friday, November 7th. Nine equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $90.00.

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.