Belpointe Asset Management LLC Invests $47,000 in US Foods Holding Corp. (NYSE:USFD)

Belpointe Asset Management LLC acquired a new position in shares of US Foods Holding Corp. (NYSE:USFD – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,396 shares of the company’s stock, valued at approximately $47,000.

Several other institutional investors also recently modified their holdings of the company. Raymond James Financial Services Advisors Inc. lifted its position in shares of US Foods by 3.9% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 37,445 shares of the company’s stock worth $1,409,000 after buying an additional 1,411 shares during the period. Bank of New York Mellon Corp lifted its position in shares of US Foods by 9.4% during the 1st quarter. Bank of New York Mellon Corp now owns 938,355 shares of the company’s stock worth $35,311,000 after buying an additional 80,621 shares during the period. US Bancorp DE lifted its position in shares of US Foods by 16.3% during the 1st quarter. US Bancorp DE now owns 7,822 shares of the company’s stock worth $296,000 after buying an additional 1,094 shares during the period. HighTower Advisors LLC bought a new position in shares of US Foods during the 1st quarter worth approximately $215,000. Finally, Natixis Advisors L.P. lifted its position in shares of US Foods by 27.8% during the 1st quarter. Natixis Advisors L.P. now owns 15,716 shares of the company’s stock worth $591,000 after buying an additional 3,421 shares during the period. Institutional investors and hedge funds own 97.06% of the company’s stock.

Insider Buying and Selling

In related news, insider Andrew E. Iacobucci sold 2,728 shares of US Foods stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $36.60, for a total transaction of $99,844.80. Following the completion of the sale, the insider now directly owns 190,020 shares of the company’s stock, valued at $6,954,732. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, insider Andrew E. Iacobucci sold 2,728 shares of US Foods stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $36.60, for a total transaction of $99,844.80. Following the completion of the sale, the insider now directly owns 190,020 shares of the company’s stock, valued at $6,954,732. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Steven Guberman sold 3,412 shares of US Foods stock in a transaction on Wednesday, March 29th. The stock was sold at an average price of $36.60, for a total value of $124,879.20. Following the sale, the executive vice president now directly owns 99,090 shares of the company’s stock, valued at $3,626,694. The disclosure for this sale can be found here. Insiders sold a total of 7,628,094 shares of company stock valued at $296,093,869 over the last three months. Company insiders own 8.50% of the company’s stock.

US Foods Trading Down 1.2 %

USFD stock opened at $39.40 on Thursday. The company has a market cap of $9.17 billion, a P/E ratio of 28.35 and a beta of 1.47. US Foods Holding Corp. has a twelve month low of $25.49 and a twelve month high of $41.76. The company has a quick ratio of 0.81, a current ratio of 1.34 and a debt-to-equity ratio of 1.12. The business has a fifty day moving average of $37.61 and a 200-day moving average of $36.70.

US Foods (NYSE:USFD – Get Rating) last released its earnings results on Thursday, May 11th. The company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.09. The company had revenue of $8.54 billion during the quarter, compared to the consensus estimate of $8.52 billion. US Foods had a return on equity of 13.91% and a net margin of 1.02%. As a group, equities research analysts expect that US Foods Holding Corp. will post 2.42 EPS for the current year.

Wall Street Analysts Forecast Growth

USFD has been the subject of several analyst reports. Wells Fargo & Company raised their target price on US Foods from $49.00 to $50.00 in a research report on Friday, May 12th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, May 12th. Guggenheim lifted their price objective on US Foods from $45.00 to $50.00 in a research report on Friday, May 12th. JPMorgan Chase & Co. lifted their price objective on US Foods from $37.00 to $40.00 and gave the company a “neutral” rating in a research report on Tuesday, March 21st. Finally, Credit Suisse Group lifted their price objective on US Foods from $47.00 to $51.00 in a research report on Friday, May 12th. Two equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $46.00.

US Foods Profile

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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.