Vontobel Holding Ltd. Sells 333 Shares of US Foods Holding Corp. (NYSE:USFD)

Vontobel Holding Ltd. reduced its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 3.9% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 8,280 shares of the company’s stock after selling 333 shares during the period. Vontobel Holding Ltd.’s holdings in US Foods were worth $376,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of USFD. Blue Trust Inc. acquired a new position in US Foods in the 4th quarter worth about $30,000. Anchor Investment Management LLC acquired a new position in US Foods in the 4th quarter worth about $47,000. Fifth Third Bancorp increased its holdings in US Foods by 36.1% in the 3rd quarter. Fifth Third Bancorp now owns 1,191 shares of the company’s stock worth $47,000 after purchasing an additional 316 shares in the last quarter. DekaBank Deutsche Girozentrale acquired a new position in US Foods in the 3rd quarter worth about $61,000. Finally, Global Retirement Partners LLC increased its holdings in US Foods by 95.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock worth $72,000 after purchasing an additional 762 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on USFD. BMO Capital Markets increased their price target on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. UBS Group raised US Foods from a “neutral” rating to a “buy” rating and increased their price target for the company from $47.00 to $64.00 in a research note on Tuesday, February 20th. Piper Sandler raised US Foods from a “neutral” rating to an “overweight” rating and increased their price target for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Morgan Stanley increased their price target on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Finally, BTIG Research increased their price target on US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research note on Tuesday, March 19th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $54.92.

US Foods Trading Up 0.6 %

NYSE USFD opened at $50.74 on Wednesday. The business has a 50 day simple moving average of $51.80 and a 200 day simple moving average of $46.21. US Foods Holding Corp. has a one year low of $35.66 and a one year high of $54.94. The stock has a market capitalization of $12.44 billion, a P/E ratio of 25.12, a P/E/G ratio of 0.85 and a beta of 1.58. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The business 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%. Research analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the stock in a transaction that occurred on Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total value of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.70% of the company’s stock.

US Foods Company 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.