US Foods Holding Corp. $USFD Stock Sold by Ethic Inc.

Ethic Inc. lowered its position in US Foods Holding Corp. (NYSE:USFD) by 15.5% in the third quarter, HoldingsChannel reports. The firm owned 57,047 shares of the company’s stock after selling 10,495 shares during the period. Ethic Inc.’s holdings in US Foods were worth $5,260,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of USFD. Keating Financial Advisory Services Inc. acquired a new position in US Foods in the 2nd quarter valued at about $27,000. Elevation Wealth Partners LLC grew its stake in shares of US Foods by 131.7% in the 3rd quarter. Elevation Wealth Partners LLC now owns 292 shares of the company’s stock valued at $27,000 after buying an additional 166 shares during the period. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of US Foods during the 2nd quarter worth approximately $28,000. Burkett Financial Services LLC acquired a new stake in shares of US Foods during the 3rd quarter worth approximately $30,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in shares of US Foods during the 2nd quarter valued at approximately $39,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. JPMorgan Chase & Co. decreased their price objective on US Foods from $108.00 to $98.00 and set a “neutral” rating on the stock in a report on Tuesday, September 29th. Citigroup raised their target price on US Foods from $110.00 to $124.00 and gave the stock a “buy” rating in a research note on Friday, August 7th. Guggenheim lifted their target price on US Foods from $115.00 to $120.00 and gave the company a “buy” rating in a research report on Friday, August 7th. Wall Street Zen lowered US Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Wells Fargo & Company increased their price target on US Foods from $110.00 to $125.00 and gave the stock an “overweight” rating in a report on Friday, August 7th. One analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $115.31.

US Foods Stock Performance

Shares of USFD stock opened at $109.91 on Tuesday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 0.70 and a current ratio of 1.14. The firm has a market cap of $23.78 billion, a P/E ratio of 27.55, a P/E/G ratio of 1.39 and a beta of 0.87. The firm’s 50 day moving average price is $99.29 and its 200-day moving average price is $95.12. US Foods Holding Corp. has a one year low of $69.88 and a one year high of $112.57.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, November 5th. The company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.25 by $0.01. The firm had revenue of $10.40 billion during the quarter, compared to the consensus estimate of $10.58 billion. US Foods had a net margin of 1.81% and a return on equity of 20.53%. The firm’s revenue for the quarter was up 2.1% on a year-over-year basis. During the same quarter last year, the firm earned $1.07 EPS. As a group, equities research analysts predict that US Foods Holding Corp. will post 4.45 EPS for the current year.

Insider Activity at US Foods

In other news, insider Randy J. Taylor sold 11,630 shares of US Foods stock in a transaction on Thursday, August 13th. The stock was sold at an average price of $110.37, for a total value of $1,283,603.10. Following the completion of the sale, the insider directly owned 73,618 shares of the company’s stock, valued at approximately $8,125,218.66. The trade was a 13.64% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.74% of the stock is currently owned by corporate insiders.

US Foods Company Profile

US Foods Holding Corp. is a foodservice distributor that supplies restaurants and other foodservice businesses across the United States. Its customers include independent restaurants, healthcare and senior-care facilities, hotels, educational institutions, and government organizations.

The company distributes a broad range of products, including fresh and frozen foods, meat, seafood, produce, dairy, beverages, and nonfood supplies. It also offers services and digital tools intended to help customers manage menus, purchasing, and kitchen operations.

US Foods is headquartered in Rosemont, Illinois, and traces its history to predecessor businesses dating back to the 19th century.