Fulton Bank N.A. Sells 815 Shares of US Foods Holding Corp. (NYSE:USFD)

Fulton Bank N.A. cut its stake in US Foods Holding Corp. (NYSE:USFD) by 8.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,326 shares of the company’s stock after selling 815 shares during the period. Fulton Bank N.A.’s holdings in US Foods were worth $574,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Acadian Asset Management LLC acquired a new position in US Foods during the second quarter worth $25,000. Redmont Wealth Advisors LLC bought a new stake in shares of US Foods in the 1st quarter worth about $27,000. Quent Capital LLC increased its position in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock worth $29,000 after purchasing an additional 219 shares in the last quarter. Rise Advisors LLC bought a new position in US Foods during the 1st quarter valued at about $30,000. Finally, International Assets Investment Management LLC acquired a new position in US Foods in the second quarter valued at about $30,000. Institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

USFD has been the subject of several recent analyst reports. JPMorgan Chase & Co. raised their price objective on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Deutsche Bank Aktiengesellschaft raised 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. Wells Fargo & Company boosted 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. StockNews.com lowered US Foods from a “strong-buy” rating to a “buy” rating in a research note on Tuesday, October 1st. Finally, Jefferies Financial Group upped their price target on shares of US Foods from $66.00 to $71.00 and gave the stock a “buy” rating in a research report on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating and eleven have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.82.

Insider Buying and Selling

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the transaction, the chief financial officer now owns 88,563 shares in the company, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is currently owned by company insiders.

US Foods Stock Up 1.1 %

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

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 8th. The company reported $0.93 earnings per share (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 business had revenue of $9.71 billion during the quarter, compared to analysts’ expectations of $9.62 billion. During the same period in the prior year, the business earned $0.73 EPS. US Foods’s revenue for the quarter was up 7.7% compared to the same quarter last year. As a group, equities analysts expect 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.