Private Advisor Group LLC Sells 528 Shares of US Foods Holding Corp. (NYSE:USFD)

Private Advisor Group LLC lowered its stake in US Foods Holding Corp. (NYSE:USFD) by 4.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 12,670 shares of the company’s stock after selling 528 shares during the quarter. Private Advisor Group LLC’s holdings in US Foods were worth $671,000 as of its most recent SEC filing.

A number of other hedge funds also recently made changes to their positions in USFD. BNP Paribas Financial Markets grew its stake in shares of US Foods by 265.6% during the fourth quarter. BNP Paribas Financial Markets now owns 95,832 shares of the company’s stock worth $4,352,000 after buying an additional 69,618 shares during the last quarter. Janney Montgomery Scott LLC increased its stake in shares of US Foods by 5.9% in the fourth quarter. Janney Montgomery Scott LLC now owns 18,709 shares of the company’s stock valued at $850,000 after buying an additional 1,038 shares during the period. Quadrant Capital Group LLC raised its holdings in US Foods by 146.3% in the 4th quarter. Quadrant Capital Group LLC now owns 1,852 shares of the company’s stock valued at $84,000 after buying an additional 1,100 shares during the last quarter. Norges Bank acquired a new stake in US Foods during the 4th quarter worth approximately $108,316,000. Finally, BI Asset Management Fondsmaeglerselskab A S grew its holdings in US Foods by 26.7% during the 4th quarter. BI Asset Management Fondsmaeglerselskab A S now owns 36,605 shares of the company’s stock worth $1,662,000 after acquiring an additional 7,707 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.70% of the stock is currently owned by company insiders.

US Foods Stock Performance

Shares of USFD opened at $61.17 on Wednesday. The stock has a 50-day moving average of $55.48 and a 200-day moving average of $53.73. US Foods Holding Corp. has a one year low of $35.66 and a one year high of $61.51. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The company has a market cap of $15.04 billion, a PE ratio of 30.13, a P/E/G ratio of 0.97 and a beta of 1.66.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, meeting analysts’ consensus estimates of $0.93. US Foods had a return on equity of 13.43% and a net margin of 1.42%. The firm had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter last year, the firm posted $0.73 earnings per share. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. On average, equities research analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on USFD. StockNews.com downgraded US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday. Deutsche Bank Aktiengesellschaft upped their target price on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Wells Fargo & Company raised their price target on shares of US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a report on Thursday, June 6th. Truist Financial boosted their target price on shares of US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 6th. Finally, Piper Sandler increased their price target on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a report on Friday, June 7th. One equities research analyst has rated the stock with a hold rating and ten have issued a buy rating to the stock. According to MarketBeat.com, US Foods currently has an average rating of “Moderate Buy” and a consensus target price of $65.50.

US Foods 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.