PNC Financial Services Group Inc. lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 2.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 10,813 shares of the company’s stock after selling 236 shares during the period. PNC Financial Services Group Inc.’s holdings in US Foods were worth $491,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in USFD. Blue Trust Inc. purchased a new position in shares of US Foods during the 4th quarter worth approximately $30,000. GAMMA Investing LLC acquired a new stake in US Foods during the 4th quarter worth approximately $41,000. Anchor Investment Management LLC acquired a new stake in US Foods during the 4th quarter worth approximately $47,000. DekaBank Deutsche Girozentrale acquired a new stake in US Foods during the 3rd quarter worth approximately $61,000. Finally, Global Retirement Partners LLC lifted its holdings in US Foods by 95.0% during the 4th quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock worth $72,000 after buying an additional 762 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.
Insiders Place Their Bets
In other US Foods news, EVP David A. Rickard sold 50,000 shares of the firm’s stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.70% of the stock is currently owned by insiders.
US Foods Price Performance
Shares of NYSE:USFD opened at $52.83 on Monday. The company’s fifty day moving average price is $52.53 and its 200 day moving average price is $49.07. US Foods Holding Corp. has a 12 month low of $35.66 and a 12 month high of $55.98. The company has a debt-to-equity ratio of 0.95, a current ratio of 1.31 and a quick ratio of 0.81. The firm has a market capitalization of $12.99 billion, a P/E ratio of 26.02, a P/E/G ratio of 0.91 and a beta of 1.60.
US Foods (NYSE:USFD – Get Free Report) last announced its quarterly earnings results on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.49 by ($0.01). US Foods had a return on equity of 13.08% and a net margin of 1.41%. The company had revenue of $8.95 billion for the quarter, compared to analyst estimates of $8.93 billion. As a group, sell-side analysts predict that US Foods Holding Corp. will post 2.91 earnings per share for the current fiscal year.
Analyst Upgrades and Downgrades
USFD has been the topic of a number of research reports. BMO Capital Markets reiterated an “outperform” rating and set a $62.00 target price (up from $58.00) on shares of US Foods in a report on Friday, May 10th. Piper Sandler upgraded shares of US Foods from a “neutral” rating to an “overweight” rating and increased their target price for the stock from $45.00 to $59.00 in a report on Tuesday, February 20th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a report on Tuesday, March 19th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. Finally, UBS Group raised their price objective on shares of US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 10th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average price target of $60.56.
View Our Latest Research Report on US Foods
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.
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Source: defenseworld.net
