Raymond James & Associates Sells 265,251 Shares of US Foods Holding Corp. (NYSE:USFD)

Raymond James & Associates decreased its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 32.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 555,640 shares of the company’s stock after selling 265,251 shares during the period. Raymond James & Associates owned 0.23% of US Foods worth $34,172,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Acadian Asset Management LLC purchased a new stake in shares of US Foods during the second quarter valued at approximately $25,000. Redmont Wealth Advisors LLC bought a new position in shares of US Foods in the first quarter worth $27,000. Quent Capital LLC boosted 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 acquiring an additional 219 shares during the period. International Assets Investment Management LLC bought a new position in shares of US Foods in the second quarter worth $30,000. Finally, UMB Bank n.a. boosted its stake in US Foods by 364.0% during the third quarter. UMB Bank n.a. now owns 631 shares of the company’s stock valued at $39,000 after buying an additional 495 shares during the period. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

Shares of NYSE:USFD opened at $61.12 on Thursday. The firm has a market cap of $15.03 billion, a PE ratio of 30.11, a price-to-earnings-growth ratio of 1.02 and a beta of 1.66. The firm’s 50 day simple moving average is $60.16 and its 200-day simple moving average is $55.25. US Foods Holding Corp. has a one year low of $36.75 and a one year high of $63.13. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

US Foods (NYSE:USFD) last released its earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The business 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 company earned $0.73 earnings per share. The company’s quarterly revenue was up 7.7% on a year-over-year basis. As a group, equities analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the company. Wells Fargo & Company lifted their price target on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 18th. Jefferies Financial Group lifted their price objective on US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a report on Wednesday, September 25th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. Deutsche Bank Aktiengesellschaft boosted their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. Finally, JPMorgan Chase & Co. upped their target price on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. One research analyst has rated the stock with a hold rating, ten have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, US Foods presently has an average rating of “Buy” and a consensus target price of $66.82.

Insider Activity at US Foods

In other US Foods 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 value of $579,500.00. Following the transaction, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.70% of the stock is owned by corporate insiders.

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.