Verdence Capital Advisors LLC Trims Stake in US Foods Holding Corp. (NYSE:USFD)

Verdence Capital Advisors LLC lessened its holdings in US Foods Holding Corp. (NYSE:USFD) by 4.2% during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 12,530 shares of the company’s stock after selling 545 shares during the period. Verdence Capital Advisors LLC’s holdings in US Foods were worth $771,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC lifted its position in US Foods by 20.7% during the first quarter. Allspring Global Investments Holdings LLC now owns 6,606 shares of the company’s stock valued at $357,000 after purchasing an additional 1,132 shares during the last quarter. SG Americas Securities LLC grew its position in US Foods by 5.7% in the first quarter. SG Americas Securities LLC now owns 30,655 shares of the company’s stock worth $1,654,000 after acquiring an additional 1,665 shares in the last quarter. Susquehanna Fundamental Investments LLC bought a new position in US Foods in the first quarter valued at $443,000. Headlands Technologies LLC purchased a new stake in US Foods during the first quarter valued at about $50,000. Finally, Russell Investments Group Ltd. lifted its stake in US Foods by 3.6% during the first quarter. Russell Investments Group Ltd. now owns 59,418 shares of the company’s stock worth $3,208,000 after purchasing an additional 2,039 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Deutsche Bank Aktiengesellschaft raised their price objective on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Jefferies Financial Group boosted their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. UBS Group increased their target price on shares of US Foods from $67.00 to $77.00 and gave the company a “buy” rating in a report on Friday. Barclays boosted their price target on shares of US Foods from $71.00 to $78.00 and gave the stock an “overweight” rating in a research note on Friday. Finally, Wells Fargo & Company raised their price objective on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a research note on Wednesday, September 18th. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods currently has a consensus rating of “Buy” and a consensus target price of $69.82.

Insiders Place Their Bets

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 transaction, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 0.70% of the company’s stock.

US Foods Stock Up 0.5 %

Shares of NYSE:USFD opened at $66.89 on Monday. The stock’s 50-day moving average is $61.23 and its 200 day moving average is $56.28. The company has a market cap of $16.36 billion, a PE ratio of 28.71, a P/E/G ratio of 1.10 and a beta of 1.66. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.81. US Foods Holding Corp. has a 1 year low of $40.23 and a 1 year high of $67.79.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a return on equity of 14.15% and a net margin of 1.54%. The business’s revenue was up 7.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.73 earnings per share. Sell-side analysts anticipate that US Foods Holding Corp. will post 2.9 EPS 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.