Skandinaviska Enskilda Banken AB publ Purchases 9,800 Shares of US Foods Holding Corp. (NYSE:USFD)

Skandinaviska Enskilda Banken AB publ grew its position in US Foods Holding Corp. (NYSE:USFD) by 6.6% in the third quarter, HoldingsChannel.com reports. The firm owned 158,340 shares of the company’s stock after acquiring an additional 9,800 shares during the period. Skandinaviska Enskilda Banken AB publ’s holdings in US Foods were worth $5,488,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Millennium Management LLC boosted its position in shares of US Foods by 127.4% in the second quarter. Millennium Management LLC now owns 265,801 shares of the company’s stock worth $10,196,000 after purchasing an additional 148,890 shares during the period. LPL Financial LLC boosted its position in shares of US Foods by 3.5% in the second quarter. LPL Financial LLC now owns 125,044 shares of the company’s stock worth $4,797,000 after purchasing an additional 4,281 shares during the period. CIBC Private Wealth Group LLC bought a new position in shares of US Foods in the second quarter worth approximately $11,960,000. NewEdge Wealth LLC bought a new position in shares of US Foods during the second quarter worth $3,990,000. Finally, Public Employees Retirement System of Ohio boosted its position in shares of US Foods by 7.7% during the second quarter. Public Employees Retirement System of Ohio now owns 129,890 shares of the company’s stock worth $4,983,000 after acquiring an additional 9,244 shares during the last quarter.

USFD has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of US Foods from $44.00 to $40.00 and set a “neutral” rating for the company in a research report on Friday, December 17th. BTIG Research restated a “buy” rating and set a $45.00 target price on shares of US Foods in a research report on Friday, September 17th. Morgan Stanley dropped their target price on shares of US Foods from $41.00 to $40.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 13th. Zacks Investment Research downgraded shares of US Foods from a “hold” rating to a “sell” rating in a research note on Friday, November 12th. Finally, Barclays decreased their price target on shares of US Foods from $38.00 to $35.00 and set an “equal weight” rating on the stock in a research note on Wednesday, December 15th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $42.00.

Shares of USFD opened at $36.95 on Friday. US Foods Holding Corp. has a twelve month low of $30.02 and a twelve month high of $42.10. The company has a market cap of $8.23 billion, a P/E ratio of 246.35, a P/E/G ratio of 0.74 and a beta of 1.72. The company has a current ratio of 1.48, a quick ratio of 0.94 and a debt-to-equity ratio of 1.45. The company’s fifty day simple moving average is $34.08 and its 200-day simple moving average is $34.76.

US Foods (NYSE:USFD) last announced its earnings results on Sunday, November 7th. The company reported $0.48 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.48. US Foods had a net margin of 0.30% and a return on equity of 9.52%. The business had revenue of $7.89 billion for the quarter, compared to the consensus estimate of $7.61 billion. During the same quarter in the prior year, the firm posted $0.15 earnings per share. The business’s revenue for the quarter was up 34.9% on a year-over-year basis. Analysts predict that US Foods Holding Corp. will post 1.44 earnings per share for the current fiscal year.

US Foods Company Profile

US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.

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Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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