Raymond James Financial Services Advisors Inc. trimmed its holdings in US Foods Holding Corp. (NYSE:USFD – Get Rating) by 8.4% during the third quarter, Holdings Channel.com reports. The fund owned 37,508 shares of the company’s stock after selling 3,456 shares during the period. Raymond James Financial Services Advisors Inc.’s holdings in US Foods were worth $992,000 at the end of the most recent reporting period.
A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. boosted its stake in shares of US Foods by 0.9% during the 1st quarter. Vanguard Group Inc. now owns 18,841,409 shares of the company’s stock worth $709,002,000 after purchasing an additional 167,929 shares during the last quarter. CI Investments Inc. boosted its stake in shares of US Foods by 41.9% during the 2nd quarter. CI Investments Inc. now owns 7,360,291 shares of the company’s stock worth $225,814,000 after purchasing an additional 2,174,650 shares during the last quarter. Clarkston Capital Partners LLC boosted its stake in shares of US Foods by 18.1% during the 2nd quarter. Clarkston Capital Partners LLC now owns 5,703,740 shares of the company’s stock worth $174,991,000 after purchasing an additional 876,099 shares during the last quarter. Glenview Capital Management LLC boosted its stake in shares of US Foods by 4.6% during the 2nd quarter. Glenview Capital Management LLC now owns 4,624,862 shares of the company’s stock worth $141,891,000 after purchasing an additional 204,995 shares during the last quarter. Finally, State Street Corp boosted its stake in shares of US Foods by 0.9% during the 2nd quarter. State Street Corp now owns 3,488,588 shares of the company’s stock worth $107,030,000 after purchasing an additional 30,513 shares during the last quarter. 97.06% of the stock is owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on USFD. Piper Sandler increased their price objective on shares of US Foods to $38.00 in a report on Wednesday, November 16th. Barclays upgraded shares of US Foods from an “equal weight” rating to an “overweight” rating and increased their price objective for the stock from $34.00 to $43.00 in a report on Thursday, January 5th. StockNews.com upgraded shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Monday, January 16th. TheStreet upgraded shares of US Foods from a “c+” rating to a “b-” rating in a report on Tuesday, December 6th. Finally, Truist Financial raised their price target on shares of US Foods to $43.00 in a report on Wednesday, November 16th. Two analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, US Foods currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.00.
US Foods Stock Up 1.9 %
US Foods (NYSE:USFD – Get Rating) last released its quarterly earnings results on Thursday, November 10th. The company reported $0.56 earnings per share for the quarter, topping analysts’ consensus estimates of $0.55 by $0.01. US Foods had a net margin of 0.73% and a return on equity of 12.54%. The business had revenue of $8.92 billion during the quarter, compared to the consensus estimate of $8.64 billion. On average, equities research analysts predict that US Foods Holding Corp. will post 2.04 earnings per share for the current fiscal year.
Insider Transactions at US Foods
In other US Foods news, CFO Dirk J. Locascio sold 20,000 shares of US Foods stock in a transaction on Friday, November 11th. The shares were sold at an average price of $33.00, for a total value of $660,000.00. Following the completion of the transaction, the chief financial officer now owns 128,624 shares of the company’s stock, valued at $4,244,592. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 1.00% of the company’s stock.
US Foods Company Profile
US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
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