Massachusetts Financial Services Co. MA Trims Stock Holdings in US Foods Holding Corp. $USFD

Massachusetts Financial Services Co. MA lowered its stake in US Foods Holding Corp. (NYSE:USFD) by 6.8% during the third quarter, HoldingsChannel reports. The institutional investor owned 5,715,503 shares of the company’s stock after selling 419,402 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in US Foods were worth $437,922,000 at the end of the most recent quarter.

Other institutional investors have also made changes to their positions in the company. Geneos Wealth Management Inc. raised its stake in shares of US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after acquiring an additional 263 shares during the period. First Horizon Corp purchased a new position in shares of US Foods during the 3rd quarter worth approximately $39,000. MAI Capital Management increased its holdings in US Foods by 155.6% in the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after purchasing an additional 322 shares during the last quarter. V Square Quantitative Management LLC raised its position in US Foods by 58.7% in the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after purchasing an additional 200 shares during the period. Finally, Quent Capital LLC purchased a new stake in US Foods in the third quarter valued at approximately $43,000. 98.76% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

USFD has been the subject of a number of research reports. Wall Street Zen cut US Foods from a “strong-buy” rating to a “buy” rating in a research note on Monday. Weiss Ratings reaffirmed a “buy (b)” rating on shares of US Foods in a research report on Monday, December 29th. Citigroup cut their price target on shares of US Foods from $95.00 to $90.00 and set a “buy” rating on the stock in a research note on Wednesday, January 7th. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Finally, Barclays dropped their price objective on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a report on Friday, November 7th. Ten investment analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $88.50.

Insider Buying and Selling at US Foods

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

US Foods Price Performance

USFD stock opened at $85.69 on Monday. The business’s 50-day moving average is $76.03 and its two-hundred day moving average is $77.38. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. The firm has a market capitalization of $19.10 billion, a P/E ratio of 35.70, a P/E/G ratio of 0.98 and a beta of 1.03. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.85.

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

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.