United Asset Strategies Inc. lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD – Free Report) by 56.0% during the 2nd quarter, according to its most recent disclosure with the SEC. The fund owned 12,125 shares of the company’s stock after selling 15,425 shares during the period. United Asset Strategies Inc.’s holdings in US Foods were worth $934,000 at the end of the most recent reporting period.
Other hedge funds have also recently added to or reduced their stakes in the company. OMNI 360 Wealth Inc. bought a new position in US Foods in the 2nd quarter worth approximately $276,000. Allianz Asset Management GmbH raised its position in shares of US Foods by 152.6% during the first quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company’s stock worth $6,858,000 after acquiring an additional 63,288 shares during the last quarter. Jupiter Asset Management Ltd. bought a new position in US Foods in the first quarter valued at about $91,087,000. Lecap Asset Management Ltd. acquired a new stake in US Foods in the second quarter worth about $1,195,000. Finally, Voya Investment Management LLC raised its holdings in US Foods by 27.7% during the 1st quarter. Voya Investment Management LLC now owns 244,629 shares of the company’s stock worth $16,013,000 after purchasing an additional 53,081 shares during the last quarter. Institutional investors own 98.76% of the company’s stock.
Analyst Upgrades and Downgrades
A number of equities research analysts recently weighed in on the stock. Piper Sandler boosted their price target on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. Wells Fargo & Company reaffirmed an “overweight” rating and issued a $87.00 price target (up from $80.00) on shares of US Foods in a research note on Friday, August 8th. Guggenheim increased their target price on shares of US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a report on Monday, August 11th. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, UBS Group lifted their price objective on US Foods from $84.00 to $96.00 and gave the company a “buy” rating in a report on Monday, July 28th. Two analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and one has given a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and an average target price of $82.00.
US Foods Trading Up 1.0%
US Foods stock opened at $72.87 on Thursday. The stock has a 50-day simple moving average of $75.91 and a 200 day simple moving average of $76.88. The stock has a market capitalization of $16.25 billion, a P/E ratio of 30.36, a PEG ratio of 0.98 and a beta of 1.34. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. US Foods Holding Corp. has a 52 week low of $57.36 and a 52 week high of $85.11.
US Foods (NYSE:USFD – Get Free Report) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The business’s revenue was up 4.8% on a year-over-year basis. During the same period last year, the firm posted $0.85 earnings per share. Analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
About US Foods
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.
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