Congress Asset Management Co. Trims Stock Position in US Foods Holding Corp. $USFD

Congress Asset Management Co. lessened its holdings in US Foods Holding Corp. (NYSE:USFD) by 98.2% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,546 shares of the company’s stock after selling 984,512 shares during the period. Congress Asset Management Co.’s holdings in US Foods were worth $1,421,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geneos Wealth Management Inc. increased its holdings in US Foods by 120.1% during the second quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after buying an additional 263 shares during the last quarter. MAI Capital Management grew its position in shares of US Foods by 155.6% during the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after acquiring an additional 322 shares during the period. V Square Quantitative Management LLC increased its stake in shares of US Foods by 58.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock worth $42,000 after purchasing an additional 200 shares in the last quarter. Assetmark Inc. raised its holdings in US Foods by 41.1% in the 2nd quarter. Assetmark Inc. now owns 931 shares of the company’s stock worth $72,000 after purchasing an additional 271 shares during the period. Finally, Rosenberg Matthew Hamilton raised its holdings in US Foods by 1,474.0% in the 2nd quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock worth $88,000 after purchasing an additional 1,076 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Analysts Set New Price Targets

Several research firms have issued reports on USFD. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Wall Street Zen upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, November 28th. Weiss Ratings reissued a “buy (b)” rating on shares of US Foods in a report on Monday, December 15th. Barclays lowered their price target on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a report on Friday, November 7th. Finally, Piper Sandler upped their price target on shares of US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 2nd. One research analyst has rated the stock with a Strong Buy rating, nine have issued a Buy rating and one has issued a Hold rating to the company’s stock. According to MarketBeat, US Foods currently has an average rating of “Buy” and a consensus target price of $89.00.

US Foods Stock Performance

NYSE:USFD opened at $77.37 on Tuesday. The stock has a 50-day moving average price of $74.93 and a 200 day moving average price of $77.25. The stock has a market capitalization of $17.25 billion, a P/E ratio of 32.24, a P/E/G ratio of 1.04 and a beta of 1.03. US Foods Holding Corp. has a 12-month low of $57.36 and a 12-month high of $85.11. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company had revenue of $10.19 billion for the quarter, compared to analysts’ expectations of $10.18 billion. During the same period in the previous year, the firm earned $0.85 EPS. The firm’s revenue was up 4.8% compared to the same quarter last year. Equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the sale, the insider directly owned 113,410 shares in the company, valued at approximately $8,165,520. The trade was a 34.08% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.60% of the company’s stock.

About US Foods

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.