Keybank National Association OH Cuts Stock Holdings in US Foods Holding Corp. $USFD

Keybank National Association OH decreased its stake in US Foods Holding Corp. (NYSE:USFD) by 73.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,612 shares of the company’s stock after selling 7,393 shares during the period. Keybank National Association OH’s holdings in US Foods were worth $200,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Securian Asset Management Inc. lifted its position in US Foods by 0.7% in the 2nd quarter. Securian Asset Management Inc. now owns 17,618 shares of the company’s stock worth $1,357,000 after buying an additional 121 shares during the last quarter. Archer Investment Corp boosted its stake in shares of US Foods by 8.8% in the 2nd quarter. Archer Investment Corp now owns 1,850 shares of the company’s stock valued at $142,000 after purchasing an additional 150 shares in the last quarter. True Wealth Design LLC grew its holdings in shares of US Foods by 12.2% during the 3rd quarter. True Wealth Design LLC now owns 1,402 shares of the company’s stock valued at $107,000 after purchasing an additional 152 shares during the last quarter. Benjamin Edwards Inc. raised its position in US Foods by 3.3% in the 2nd quarter. Benjamin Edwards Inc. now owns 5,854 shares of the company’s stock worth $451,000 after purchasing an additional 185 shares during the period. Finally, Suncoast Equity Management lifted its stake in US Foods by 1.7% in the third quarter. Suncoast Equity Management now owns 11,435 shares of the company’s stock worth $876,000 after purchasing an additional 190 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Citigroup boosted their target price on US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 27th. Sanford C. Bernstein reissued an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Guggenheim upped their price target on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a report on Tuesday, January 20th. Wall Street Zen cut shares of US Foods from a “buy” rating to a “hold” rating in a research report on Saturday. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a report on Monday, December 29th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, US Foods presently has an average rating of “Moderate Buy” and a consensus target price of $90.00.

US Foods Stock Up 2.9%

USFD stock opened at $90.42 on Friday. The business has a 50 day moving average of $79.28 and a 200 day moving average of $77.78. The firm has a market cap of $20.16 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $90.73. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to the consensus estimate of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. US Foods’s revenue for the quarter was up 4.8% on a year-over-year basis. During the same period in the prior year, the firm posted $0.85 EPS. On average, 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 the business’s stock in a transaction dated Tuesday, November 11th. The stock was sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the completion of the sale, the insider directly owned 113,410 shares in the company, valued at $8,165,520. The trade was a 34.08% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 0.60% of the company’s stock.

US Foods Profile

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.