Raymond James Financial Services Advisors Inc. Reduces Position in US Foods Holding Corp. (NYSE:USFD)

Raymond James Financial Services Advisors Inc. lessened its position in shares of US Foods Holding Corp. (NYSE:USFD) by 9.6% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 18,096 shares of the company’s stock after selling 1,928 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in US Foods were worth $822,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Davis Investment Partners LLC grew its stake in shares of US Foods by 8.7% in the 4th quarter. Davis Investment Partners LLC now owns 22,610 shares of the company’s stock valued at $1,038,000 after purchasing an additional 1,815 shares during the last quarter. Community Trust & Investment Co. purchased a new position in shares of US Foods in the 4th quarter valued at approximately $5,665,000. Handelsinvest Investeringsforvaltning purchased a new position in shares of US Foods in the 4th quarter valued at approximately $1,269,000. Raymond James Trust N.A. grew its stake in shares of US Foods by 2.6% in the 4th quarter. Raymond James Trust N.A. now owns 32,416 shares of the company’s stock valued at $1,472,000 after purchasing an additional 811 shares during the last quarter. Finally, Nordea Investment Management AB grew its stake in shares of US Foods by 102.1% in the 4th quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after purchasing an additional 55,554 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In related news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the completion of the transaction, the executive vice president now directly owns 148,561 shares of the company’s stock, valued at $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.70% of the stock is currently owned by insiders.

Analysts Set New Price Targets

USFD has been the topic of several analyst reports. Morgan Stanley lifted their target price on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $59.00 in a report on Tuesday, February 20th. BMO Capital Markets raised their price target on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a report on Friday, February 16th. Finally, BTIG Research raised their price target on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $54.92.

US Foods Stock Performance

Shares of USFD stock opened at $51.53 on Wednesday. The stock has a fifty day moving average price of $51.45 and a 200 day moving average price of $45.80. The stock has a market cap of $12.64 billion, a PE ratio of 25.51, a P/E/G ratio of 0.85 and a beta of 1.58. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The company has a debt-to-equity ratio of 0.96, a quick ratio of 0.78 and a current ratio of 1.30.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $8.94 billion for the quarter, compared to analyst estimates of $8.81 billion. US Foods had a return on equity of 13.41% and a net margin of 1.42%. Sell-side analysts forecast that US Foods Holding Corp. will post 2.91 earnings per share for the current fiscal year.

US Foods 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.