US Foods Holding Corp. (NYSE:USFD) Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 2.0% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,083,847 shares of the company’s stock after selling 42,203 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.85% of US Foods worth $110,402,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. grew its stake in shares of US Foods by 98.2% during the fourth quarter. Victory Capital Management Inc. now owns 9,220,688 shares of the company’s stock worth $418,711,000 after purchasing an additional 4,569,002 shares in the last quarter. Norges Bank purchased a new stake in US Foods during the 4th quarter worth about $108,316,000. Vanguard Group Inc. boosted its position in shares of US Foods by 3.6% during the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company’s stock worth $1,242,336,000 after acquiring an additional 796,434 shares in the last quarter. Boston Partners increased its holdings in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company’s stock valued at $891,073,000 after acquiring an additional 566,277 shares during the last quarter. Finally, Lord Abbett & CO. LLC acquired a new stake in shares of US Foods during the 1st quarter worth about $22,937,000. Institutional investors and hedge funds own 98.76% of the company’s stock.

US Foods Trading Up 0.2 %

NYSE:USFD opened at $58.60 on Wednesday. The company has a current ratio of 1.29, a quick ratio of 0.81 and a debt-to-equity ratio of 0.92. The stock’s 50 day simple moving average is $53.70 and its 200-day simple moving average is $52.77. US Foods Holding Corp. has a 12-month low of $35.66 and a 12-month high of $59.29. The firm has a market cap of $14.41 billion, a P/E ratio of 28.87, a PEG ratio of 0.96 and a beta of 1.62.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting analysts’ consensus estimates of $0.93. US Foods had a net margin of 1.42% and a return on equity of 13.43%. The company had revenue of $9.71 billion during the quarter, compared to the consensus estimate of $9.62 billion. During the same quarter in the prior year, the firm earned $0.73 EPS. US Foods’s quarterly revenue was up 7.7% on a year-over-year basis. Equities analysts anticipate that US Foods Holding Corp. will post 2.9 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have commented on the stock. Wells Fargo & Company increased their price target on shares of US Foods from $63.00 to $66.00 and gave the company an “overweight” rating in a research note on Thursday, June 6th. Truist Financial lifted their price target on shares of US Foods from $65.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a research note on Friday, August 9th. BMO Capital Markets reissued an “outperform” rating and issued a $62.00 target price (up from $58.00) on shares of US Foods in a report on Friday, May 10th. Finally, JPMorgan Chase & Co. upped their target price on US Foods from $58.00 to $60.00 and gave the company a “neutral” rating in a research report on Tuesday, August 13th. One analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, US Foods has a consensus rating of “Buy” and an average price target of $64.70.

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.