Atria Wealth Solutions Inc. Decreases Stake in US Foods Holding Corp. $USFD

Atria Wealth Solutions Inc. lowered its position in shares of US Foods Holding Corp. (NYSE:USFD) by 9.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 3,087 shares of the company’s stock after selling 308 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in US Foods were worth $202,000 as of its most recent filing with the SEC.

Other institutional investors have also modified their holdings of the company. Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of US Foods by 14.5% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 9,500 shares of the company’s stock worth $622,000 after purchasing an additional 1,200 shares during the period. GAMMA Investing LLC boosted its stake in shares of US Foods by 16.0% during the 1st quarter. GAMMA Investing LLC now owns 3,458 shares of the company’s stock valued at $226,000 after buying an additional 478 shares during the last quarter. Jupiter Asset Management Ltd. acquired a new stake in shares of US Foods during the 1st quarter valued at approximately $91,087,000. Allianz Asset Management GmbH raised its position in shares of US Foods by 152.6% during the 1st quarter. Allianz Asset Management GmbH now owns 104,768 shares of the company’s stock valued at $6,858,000 after acquiring an additional 63,288 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC raised its position in shares of US Foods by 49.5% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 41,715 shares of the company’s stock valued at $2,731,000 after acquiring an additional 13,821 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Down 1.1%

Shares of NYSE USFD opened at $76.30 on Monday. The business has a 50 day simple moving average of $79.53 and a 200 day simple moving average of $72.62. US Foods Holding Corp. has a 52 week low of $56.47 and a 52 week high of $85.11. The stock has a market cap of $17.18 billion, a price-to-earnings ratio of 32.61, a PEG ratio of 1.08 and a beta of 1.44. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.73 and a current ratio of 1.17.

US Foods (NYSE:USFD) last posted its earnings results on Thursday, August 7th. The company reported $1.19 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.14 by $0.05. US Foods had a net margin of 1.43% and a return on equity of 16.86%. The firm had revenue of $10.08 billion during the quarter, compared to analysts’ expectations of $10.17 billion. During the same period in the previous year, the company earned $0.93 earnings per share. The company’s revenue was up 3.8% compared to the same quarter last year. On average, research analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insider Activity at US Foods

In other news, EVP Dirk J. Locascio sold 7,500 shares of the stock in a transaction on Thursday, July 10th. The shares were sold at an average price of $80.00, for a total transaction of $600,000.00. Following the transaction, the executive vice president owned 115,077 shares in the company, valued at $9,206,160. This represents a 6.12% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. UBS Group increased their price target on US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a research note on Monday, July 28th. JPMorgan Chase & Co. increased their price target on US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 25th. Guggenheim increased their price target on US Foods from $80.00 to $88.00 and gave the stock a “buy” rating in a research note on Monday, August 11th. Wells Fargo & Company reissued an “overweight” rating and issued a $87.00 price target (up previously from $80.00) on shares of US Foods in a research note on Friday, August 8th. Finally, Barclays raised their target price on US Foods from $85.00 to $95.00 and gave the company an “overweight” rating in a research note on Wednesday, June 4th. One research analyst has rated the stock with a hold rating, nine have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, US Foods has an average rating of “Buy” and a consensus target price of $80.55.

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.