Bank of Montreal Can Has $2.87 Million Stake in US Foods Holding Corp. $USFD

Bank of Montreal Can decreased its position in US Foods Holding Corp. (NYSE:USFD) by 3.9% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 37,197 shares of the company’s stock after selling 1,496 shares during the quarter. Bank of Montreal Can’s holdings in US Foods were worth $2,865,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the business. Sigma Planning Corp lifted its holdings in shares of US Foods by 16.2% during the second quarter. Sigma Planning Corp now owns 9,325 shares of the company’s stock worth $718,000 after buying an additional 1,301 shares during the last quarter. State of Michigan Retirement System lifted its position in shares of US Foods by 0.9% during the 2nd quarter. State of Michigan Retirement System now owns 55,600 shares of the company’s stock worth $4,282,000 after buying an additional 500 shares during the period. Savoir Faire Capital Management L.P. boosted its stake in shares of US Foods by 34.6% in the 2nd quarter. Savoir Faire Capital Management L.P. now owns 14,797 shares of the company’s stock valued at $1,140,000 after purchasing an additional 3,802 shares in the last quarter. Simon Quick Advisors LLC acquired a new position in US Foods in the second quarter valued at about $259,000. Finally, Amalgamated Bank boosted its holdings in shares of US Foods by 2.2% in the 2nd quarter. Amalgamated Bank now owns 107,127 shares of the company’s stock worth $8,250,000 after acquiring an additional 2,272 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on USFD shares. Wells Fargo & Company reissued an “overweight” rating and set a $87.00 price objective (up previously from $80.00) on shares of US Foods in a report on Friday, August 8th. Piper Sandler increased their target price on US Foods from $77.00 to $85.00 and gave the company an “overweight” rating in a research note on Tuesday, September 2nd. Guggenheim lifted their price target on shares of US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research report on Monday, August 11th. UBS Group lifted their price objective on US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 28th. Finally, Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, September 5th. Two equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company has an average rating of “Buy” and a consensus price target of $82.00.

US Foods Trading Up 1.0%

Shares of US Foods stock opened at $72.87 on Thursday. The company has a market capitalization of $16.25 billion, a price-to-earnings ratio of 30.36, a P/E/G ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. The business has a fifty day simple moving average of $75.91 and a two-hundred day simple moving average of $76.88. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11.

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

US Foods Company 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.