US Foods Holding Corp. (NYSE:USFD) Shares Sold by Raymond James & Associates

Raymond James & Associates reduced its stake in US Foods Holding Corp. (NYSE:USFD) by 32.3% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 555,640 shares of the company’s stock after selling 265,251 shares during the quarter. Raymond James & Associates’ holdings in US Foods were worth $34,172,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in USFD. Lord Abbett & CO. LLC purchased a new position in US Foods in the 1st quarter valued at approximately $22,937,000. Janus Henderson Group PLC boosted its position in US Foods by 46.3% in the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock valued at $8,759,000 after buying an additional 51,402 shares during the period. Entropy Technologies LP purchased a new position in US Foods in the 1st quarter valued at approximately $232,000. Artemis Investment Management LLP purchased a new position in US Foods in the 1st quarter valued at approximately $20,997,000. Finally, Vanguard Group Inc. boosted its position in US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock valued at $1,242,336,000 after buying an additional 796,434 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on USFD shares. Jefferies Financial Group raised their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Wells Fargo & Company lifted their price target on shares of US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Finally, JPMorgan Chase & Co. lifted their price objective on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a research note on Monday, September 16th. One investment analyst has rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, US Foods has a consensus rating of “Buy” and a consensus price target of $66.82.

Insider Buying and Selling

In related news, CFO Dirk J. Locascio sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is owned by insiders.

US Foods Stock Down 1.6 %

Shares of NYSE:USFD opened at $61.12 on Thursday. The company has a market cap of $15.03 billion, a price-to-earnings ratio of 30.11, a PEG ratio of 1.02 and a beta of 1.66. The firm’s 50-day simple moving average is $60.16 and its 200-day simple moving average is $55.25. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. US Foods Holding Corp. has a fifty-two week low of $36.75 and a fifty-two week high of $63.13.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The firm’s revenue was up 7.7% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.73 earnings per share. As a group, equities research analysts predict that US Foods Holding Corp. will post 2.9 earnings per share 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.