Handelsbanken Fonder AB Boosts Holdings in US Foods Holding Corp. (NYSE:USFD)

Handelsbanken Fonder AB raised its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 23.9% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 52,441 shares of the company’s stock after buying an additional 10,100 shares during the quarter. Handelsbanken Fonder AB’s holdings in US Foods were worth $3,225,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also recently modified their holdings of the company. Acadian Asset Management LLC purchased a new position in US Foods during the second quarter valued at $25,000. Redmont Wealth Advisors LLC purchased a new position in shares of US Foods during the first quarter valued at about $27,000. Quent Capital LLC increased its holdings in shares of US Foods by 87.6% in the third quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares during the last quarter. Rise Advisors LLC purchased a new stake in shares of US Foods in the first quarter worth about $30,000. Finally, International Assets Investment Management LLC bought a new position in US Foods during the second quarter valued at approximately $30,000. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

USFD has been the topic of a number of research reports. Wells Fargo & Company lifted their price objective on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft upped their price target on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. Jefferies Financial Group lifted their price objective on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research note on Wednesday, September 25th. StockNews.com cut shares of US Foods from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, October 1st. Finally, JPMorgan Chase & Co. increased their price target on shares of US Foods from $60.00 to $68.00 and gave the company a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. According to data from MarketBeat.com, US Foods presently has a consensus rating of “Moderate Buy” and a consensus target price of $66.82.

Insider Transactions at US Foods

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods 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 completion of the sale, the chief financial officer now owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.70% of the company’s stock.

US Foods Stock Up 1.1 %

Shares of NYSE USFD opened at $61.48 on Wednesday. The company has a market cap of $15.12 billion, a P/E ratio of 30.29, a PEG ratio of 1.01 and a beta of 1.66. The firm has a 50-day simple moving average of $58.19 and a two-hundred day simple moving average of $54.60. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $62.94. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, August 8th. The company reported $0.93 earnings per share (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 company had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same quarter in the previous year, the business earned $0.73 EPS. US Foods’s revenue was up 7.7% compared to the same quarter last year. Research analysts anticipate that US Foods Holding Corp. will post 2.9 earnings per share 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.