Cerity Partners LLC Has $2.61 Million Position in US Foods Holding Corp. (NYSE:USFD)

Cerity Partners LLC increased its stake in US Foods Holding Corp. (NYSE:USFD) by 12.4% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,815 shares of the company’s stock after acquiring an additional 4,402 shares during the quarter. Cerity Partners LLC’s holdings in US Foods were worth $2,606,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. TD Private Client Wealth LLC increased its position in shares of US Foods by 8.2% during the 1st quarter. TD Private Client Wealth LLC now owns 14,507 shares of the company’s stock valued at $950,000 after purchasing an additional 1,104 shares during the last quarter. Tradewinds LLC. purchased a new position in shares of US Foods during the 1st quarter valued at $4,852,000. OneDigital Investment Advisors LLC boosted its position in shares of US Foods by 9.8% during the 1st quarter. OneDigital Investment Advisors LLC now owns 22,540 shares of the company’s stock valued at $1,475,000 after acquiring an additional 2,011 shares during the last quarter. Silver Oak Securities Incorporated grew its position in US Foods by 14.8% in the first quarter. Silver Oak Securities Incorporated now owns 19,314 shares of the company’s stock worth $1,246,000 after acquiring an additional 2,497 shares in the last quarter. Finally, Keybank National Association OH lifted its stake in US Foods by 1.9% during the first quarter. Keybank National Association OH now owns 13,538 shares of the company’s stock worth $886,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently issued reports on USFD. Barclays raised their price target on US Foods from $85.00 to $95.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 4th. Citigroup assumed coverage on shares of US Foods in a report on Thursday, May 22nd. They set a “buy” rating and a $95.00 target price for the company. Guggenheim reiterated a “buy” rating and issued a $80.00 price objective on shares of US Foods in a report on Monday, May 12th. JPMorgan Chase & Co. upped their target price on US Foods from $82.00 to $85.00 and gave the company a “neutral” rating in a report on Wednesday, June 25th. Finally, UBS Group lifted their price target on shares of US Foods from $83.00 to $84.00 and gave the company a “buy” rating in a report on Friday, May 9th. One research analyst has rated the stock with a hold rating, ten have issued a buy rating and three have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $77.42.

Insider Buying and Selling at US Foods

In related news, EVP Dirk J. Locascio sold 15,000 shares of US Foods stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $75.00, for a total transaction of $1,125,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at approximately $8,630,775. The trade was a 11.53% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.60% of the company’s stock.

US Foods Price Performance

NYSE USFD opened at $83.13 on Friday. The stock has a market capitalization of $19.23 billion, a price-to-earnings ratio of 38.13, a PEG ratio of 1.20 and a beta of 1.41. US Foods Holding Corp. has a 1-year low of $50.49 and a 1-year high of $84.44. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.17 and a quick ratio of 0.74. The business’s fifty day moving average price is $77.61 and its 200-day moving average price is $70.78.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, May 8th. The company reported $0.68 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.01). The business had revenue of $9.35 billion during the quarter, compared to the consensus estimate of $9.42 billion. US Foods had a return on equity of 15.58% and a net margin of 1.38%. The firm’s revenue was up 4.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.54 earnings per share. On average, equities analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

About US Foods

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.