104,812 US Foods Holding Corp. $USFD Shares Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA trimmed its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 27.8% during the third quarter, Holdings Channel.com reports. The firm owned 272,830 shares of the company’s stock after selling 104,812 shares during the period. Pictet Asset Management Holding SA’s holdings in US Foods were worth $25,158,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Callan Family Office LLC acquired a new position in US Foods during the 2nd quarter worth $1,762,000. SaddleRock Capital Management LLC acquired a new stake in shares of US Foods in the 2nd quarter valued at $7,058,000. Fifth Third Bancorp increased its stake in shares of US Foods by 2,548.1% in the 1st quarter. Fifth Third Bancorp now owns 75,392 shares of the company’s stock valued at $6,952,000 after buying an additional 72,545 shares during the period. Junto Capital Management LP bought a new stake in shares of US Foods during the second quarter worth $70,921,000. Finally, Sterling Capital Management LLC raised its position in shares of US Foods by 144.6% during the third quarter. Sterling Capital Management LLC now owns 19,709 shares of the company’s stock worth $1,817,000 after acquiring an additional 11,651 shares during the last quarter. 98.76% of the stock is owned by institutional investors.

US Foods Stock Performance

USFD stock opened at $109.77 on Thursday. US Foods Holding Corp. has a twelve month low of $69.88 and a twelve month high of $112.57. The company has a quick ratio of 0.68, a current ratio of 1.11 and a debt-to-equity ratio of 1.14. The company has a market cap of $23.57 billion, a P/E ratio of 26.34, a price-to-earnings-growth ratio of 1.42 and a beta of 0.87. The business’s fifty day moving average is $99.45 and its 200-day moving average is $95.40.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, November 5th. The company reported $1.26 EPS for the quarter, topping analysts’ consensus estimates of $1.25 by $0.01. The business had revenue of $10.40 billion during the quarter, compared to analysts’ expectations of $10.58 billion. US Foods had a return on equity of 21.37% and a net margin of 1.97%. The firm’s quarterly revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.07 earnings per share. Equities research analysts forecast that US Foods Holding Corp. will post 4.45 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on USFD shares. Wells Fargo & Company upped their price target on US Foods from $110.00 to $125.00 and gave the company an “overweight” rating in a research note on Friday, August 7th. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of US Foods in a research report on Friday, August 7th. Citigroup lifted their price target on shares of US Foods from $110.00 to $124.00 and gave the stock a “buy” rating in a research report on Friday, August 7th. BTIG Research reiterated a “buy” rating and set a $120.00 price target on shares of US Foods in a research report on Friday, November 6th. Finally, Weiss Ratings raised shares of US Foods from a “buy (b)” rating to a “buy (a-)” rating in a research note on Friday, October 23rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $115.31.

US Foods Company Profile

US Foods Holding Corp. is a foodservice distributor that supplies restaurants and other foodservice businesses across the United States. Its customers include independent restaurants, healthcare and senior-care facilities, hotels, educational institutions, and government organizations. The company distributes a broad range of products, including fresh and frozen foods, meat, seafood, produce, dairy, beverages, and nonfood supplies. It also offers services and digital tools intended to help customers manage menus, purchasing, and kitchen operations.