US Foods Holding Corp. (NYSE:USFD) Shares Sold by Amalgamated Bank

Amalgamated Bank cut its position in shares of US Foods Holding Corp. (NYSE:USFD) by 7.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 142,270 shares of the company’s stock after selling 11,845 shares during the quarter. Amalgamated Bank owned about 0.06% of US Foods worth $7,537,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Acadian Asset Management LLC acquired a new stake in US Foods during the second quarter worth about $25,000. Redmont Wealth Advisors LLC purchased a new stake in shares of US Foods in the first quarter worth about $27,000. Rise Advisors LLC purchased a new stake in shares of US Foods in the first quarter worth about $30,000. International Assets Investment Management LLC purchased a new stake in shares of US Foods in the second quarter worth about $30,000. Finally, Headlands Technologies LLC purchased a new stake in shares of US Foods in the first quarter worth about $50,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

US Foods Trading Up 1.7 %

NYSE:USFD opened at $61.95 on Friday. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The business’s 50 day moving average is $55.89 and its two-hundred day moving average is $53.84. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $62.34. The company has a market cap of $15.15 billion, a PE ratio of 30.52, a P/E/G ratio of 1.00 and a beta of 1.66.

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 return on equity of 13.43% and a net margin of 1.42%. The company had revenue of $9.71 billion for the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter last year, the business posted $0.73 EPS. US Foods’s quarterly revenue was up 7.7% compared to the same quarter last year. On average, analysts predict that US Foods Holding Corp. will post 2.9 EPS for the current year.

Wall Street Analysts Forecast Growth

USFD has been the subject of several analyst reports. Piper Sandler upped their target price on US Foods from $59.00 to $61.00 and gave the stock an “overweight” rating in a research report on Friday, June 7th. 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 research report on Monday. Truist Financial upped their target price on US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research report on Thursday, June 6th. Wells Fargo & Company increased their price target on US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft increased 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. One equities research analyst has rated the stock with a hold rating and ten have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $66.40.

Insider Transactions at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at approximately $5,132,225.85. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 0.70% of the company’s stock.

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.