Raymond James & Associates Decreases Position in US Foods Holding Corp. (NYSE:USFD)

Raymond James & Associates reduced its stake in US Foods Holding Corp. (NYSE:USFD) by 0.9% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,094,090 shares of the company’s stock after selling 9,618 shares during the period. Raymond James & Associates owned 0.45% of US Foods worth $49,683,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in USFD. Raymond James Financial Services Advisors Inc. grew its holdings in shares of US Foods by 3.9% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 37,445 shares of the company’s stock worth $1,409,000 after purchasing an additional 1,411 shares during the last quarter. Bank of New York Mellon Corp boosted its position in shares of US Foods by 9.4% in the 1st quarter. Bank of New York Mellon Corp now owns 938,355 shares of the company’s stock valued at $35,311,000 after purchasing an additional 80,621 shares during the period. US Bancorp DE grew its stake in 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 last quarter. HighTower Advisors LLC acquired a new position in US Foods during the first quarter worth approximately $215,000. Finally, Natixis Advisors L.P. lifted its stake in US Foods by 27.8% in the first quarter. Natixis Advisors L.P. now owns 15,716 shares of the company’s stock valued at $591,000 after buying an additional 3,421 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on USFD shares. JPMorgan Chase & Co. raised their target price on shares of US Foods from $50.00 to $52.00 and gave the stock a “neutral” rating in a research report on Tuesday, March 19th. StockNews.com raised shares of US Foods from a “buy” rating to a “strong-buy” rating in a report on Friday, February 23rd. BMO Capital Markets increased their target price on shares of US Foods from $50.00 to $58.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. BTIG Research boosted their price target on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. Finally, Truist Financial increased their price objective on US Foods from $52.00 to $57.00 and gave the stock a “buy” rating in a research report on Tuesday, February 20th. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, US Foods has an average rating of “Buy” and a consensus target price of $54.42.

US Foods Trading Up 0.8 %

Shares of USFD stock opened at $54.51 on Thursday. The business’s fifty day moving average price is $49.86 and its 200 day moving average price is $44.64. The firm has a market capitalization of $13.35 billion, a PE ratio of 26.99, a P/E/G ratio of 0.91 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $54.94.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The company had revenue of $8.94 billion for the quarter, compared to analysts’ expectations of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 2.91 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction that occurred 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 completion of the sale, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 1.00% of the stock is currently owned by company insiders.

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.