LPL Financial LLC Cuts Stock Position in US Foods Holding Corp. (NYSE:USFD)

LPL Financial LLC lessened its holdings in US Foods Holding Corp. (NYSE:USFD) by 3.4% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 85,148 shares of the company’s stock after selling 2,983 shares during the quarter. LPL Financial LLC’s holdings in US Foods were worth $3,145,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently made changes to their positions in the business. Signaturefd LLC increased its holdings in US Foods by 46.6% during the first quarter. Signaturefd LLC now owns 1,217 shares of the company’s stock worth $45,000 after buying an additional 387 shares during the last quarter. Money Concepts Capital Corp bought a new position in shares of US Foods during the 4th quarter valued at approximately $46,000. Belpointe Asset Management LLC purchased a new stake in shares of US Foods during the 4th quarter worth approximately $47,000. Covestor Ltd raised its holdings in shares of US Foods by 744.8% in the 1st quarter. Covestor Ltd now owns 1,639 shares of the company’s stock worth $62,000 after purchasing an additional 1,445 shares during the period. Finally, Massmutual Trust Co. FSB ADV purchased a new position in US Foods in the first quarter valued at approximately $63,000. 98.69% of the stock is owned by hedge funds and other institutional investors.

US Foods Stock Performance

NYSE:USFD opened at $40.67 on Tuesday. US Foods Holding Corp. has a twelve month low of $25.49 and a twelve month high of $44.52. The company has a quick ratio of 0.84, a current ratio of 1.34 and a debt-to-equity ratio of 1.01. The stock has a market cap of $10.04 billion, a P/E ratio of 21.98 and a beta of 1.51. The business’s 50-day moving average price is $42.30 and its two-hundred day moving average price is $39.94.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, August 10th. The company reported $0.73 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.73. The business had revenue of $9.01 billion during the quarter, compared to analyst estimates of $9.37 billion. US Foods had a net margin of 1.33% and a return on equity of 13.63%. As a group, equities analysts predict that US Foods Holding Corp. will post 2.46 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Barclays boosted their target price on US Foods from $48.00 to $51.00 and gave the company an “overweight” rating in a research note on Friday, August 11th. Guggenheim increased their target price on shares of US Foods from $45.00 to $50.00 in a research report on Friday, May 12th. Wells Fargo & Company boosted their price target on shares of US Foods from $49.00 to $50.00 in a research report on Friday, May 12th. BTIG Research raised their price objective on shares of US Foods from $45.00 to $48.00 in a report on Friday, May 12th. Finally, Morgan Stanley raised shares of US Foods from an “equal weight” rating to an “overweight” rating and boosted their target price for the company from $46.00 to $54.00 in a report on Tuesday, June 20th. One research analyst has rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, US Foods presently has a consensus rating of “Buy” and an average target price of $47.45.

US Foods Company Profile

US Foods Holding Corp., through its subsidiary, 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.