US Foods Holding Corp. $USFD Shares Sold by BI Asset Management Fondsmaeglerselskab A S

BI Asset Management Fondsmaeglerselskab A S lessened its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 19.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 61,162 shares of the company’s stock after selling 14,973 shares during the period. BI Asset Management Fondsmaeglerselskab A S’s holdings in US Foods were worth $4,686,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of USFD. Securian Asset Management Inc. boosted its position in shares of US Foods by 0.7% in the 2nd quarter. Securian Asset Management Inc. now owns 17,618 shares of the company’s stock valued at $1,357,000 after purchasing an additional 121 shares during the period. Archer Investment Corp lifted its stake in US Foods by 8.8% during the second quarter. Archer Investment Corp now owns 1,850 shares of the company’s stock valued at $142,000 after buying an additional 150 shares in the last quarter. True Wealth Design LLC boosted its holdings in shares of US Foods by 12.2% in the third quarter. True Wealth Design LLC now owns 1,402 shares of the company’s stock worth $107,000 after buying an additional 152 shares during the period. Benjamin Edwards Inc. increased its position in shares of US Foods by 3.3% in the second quarter. Benjamin Edwards Inc. now owns 5,854 shares of the company’s stock worth $451,000 after acquiring an additional 185 shares in the last quarter. Finally, Suncoast Equity Management raised its holdings in shares of US Foods by 1.7% during the third quarter. Suncoast Equity Management now owns 11,435 shares of the company’s stock valued at $876,000 after acquiring an additional 190 shares during the period. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Guggenheim raised their price objective on shares of US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Citigroup raised their target price on US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a research report on Monday, December 29th. Wall Street Zen lowered US Foods from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Barclays lowered their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research note on Friday, November 7th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, US Foods presently has an average rating of “Moderate Buy” and a consensus price target of $90.00.

US Foods Stock Performance

Shares of NYSE USFD opened at $90.42 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. US Foods Holding Corp. has a one year low of $57.36 and a one year high of $90.73. The business’s 50-day moving average price is $79.28 and its two-hundred day moving average price is $77.82. The company has a market capitalization of $20.16 billion, a P/E ratio of 37.68, a price-to-earnings-growth ratio of 1.11 and a beta of 1.02.

US Foods (NYSE:USFD) last announced its quarterly earnings results on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The business had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.18 billion. During the same period in the previous year, the company earned $0.85 EPS. The firm’s revenue was up 4.8% on a year-over-year basis. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the completion of the sale, the insider directly owned 113,410 shares in the company, valued at $8,165,520. The trade was a 34.08% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 0.60% of the company’s stock.

About US Foods

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.