United Asset Strategies Inc. Sells 704 Shares of US Foods Holding Corp. (NYSE:USFD)

United Asset Strategies Inc. lessened its position in US Foods Holding Corp. (NYSE:USFD) by 2.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 31,738 shares of the company’s stock after selling 704 shares during the quarter. United Asset Strategies Inc.’s holdings in US Foods were worth $1,952,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in USFD. Lord Abbett & CO. LLC purchased a new stake in US Foods in the first quarter worth $22,937,000. Janus Henderson Group PLC boosted its position in US Foods by 46.3% in the 1st quarter. Janus Henderson Group PLC now owns 162,338 shares of the company’s stock valued at $8,759,000 after buying an additional 51,402 shares during the period. Entropy Technologies LP bought a new position in US Foods in the 1st quarter worth about $232,000. Vanguard Group Inc. increased its position in shares of US Foods by 3.6% during the first 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 during the period. Finally, Price T Rowe Associates Inc. MD increased its position in shares of US Foods by 6.3% during the first quarter. Price T Rowe Associates Inc. MD now owns 162,128 shares of the company’s stock worth $8,751,000 after acquiring an additional 9,652 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction that occurred on Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.70% of the company’s stock.

US Foods Stock Up 0.0 %

NYSE USFD traded up $0.01 on Thursday, hitting $61.72. The stock had a trading volume of 107,448 shares, compared to its average volume of 1,784,050. US Foods Holding Corp. has a 52-week low of $37.51 and a 52-week high of $63.13. The business’s fifty day moving average price is $60.51 and its 200 day moving average price is $55.59. The company has a debt-to-equity ratio of 0.92, a current ratio of 1.29 and a quick ratio of 0.81. The stock has a market cap of $15.17 billion, a price-to-earnings ratio of 30.40, a price-to-earnings-growth ratio of 1.00 and a beta of 1.66.

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

Analyst Ratings Changes

Several research analysts recently issued reports on USFD shares. Deutsche Bank Aktiengesellschaft increased their price objective on US Foods from $72.00 to $75.00 and gave the stock a “buy” rating in a research note on Friday, August 9th. StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Thursday, October 10th. JPMorgan Chase & Co. increased their target price on shares of US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a report on Monday, September 16th. Wells Fargo & Company boosted their price target on shares of US Foods from $66.00 to $75.00 and gave the company an “overweight” rating in a report on Wednesday, September 18th. Finally, Jefferies Financial Group increased their price objective on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a research note on Wednesday, September 25th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Buy” and an average price target of $66.82.

US Foods Company 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.