Cetera Investment Advisers Sells 779 Shares of US Foods Holding Corp. (NYSE:USFD)

Cetera Investment Advisers reduced its stake in US Foods Holding Corp. (NYSE:USFDFree Report) by 3.2% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 23,283 shares of the company’s stock after selling 779 shares during the period. Cetera Investment Advisers’ holdings in US Foods were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in USFD. Colonial Trust Co SC bought a new position in shares of US Foods in the 4th quarter worth $25,000. GeoWealth Management LLC raised its stake in US Foods by 94.5% during the 4th quarter. GeoWealth Management LLC now owns 389 shares of the company’s stock worth $26,000 after buying an additional 189 shares during the period. Legacy Investment Solutions LLC acquired a new stake in US Foods during the 4th quarter worth $32,000. True Wealth Design LLC raised its stake in US Foods by 153.6% during the 4th quarter. True Wealth Design LLC now owns 492 shares of the company’s stock worth $33,000 after buying an additional 298 shares during the period. Finally, Blue Trust Inc. raised its stake in US Foods by 487.2% during the 1st quarter. Blue Trust Inc. now owns 875 shares of the company’s stock worth $57,000 after buying an additional 726 shares during the period. 98.76% of the stock is currently owned by institutional investors.

Insider Activity

In related news, EVP Dirk J. Locascio sold 7,500 shares of US Foods stock in a transaction dated Thursday, July 10th. The stock was sold at an average price of $80.00, for a total value of $600,000.00. Following the sale, the executive vice president owned 115,077 shares of the company’s stock, valued at approximately $9,206,160. The trade was a 6.12% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.60% of the company’s stock.

US Foods Price Performance

NYSE:USFD opened at $80.01 on Friday. The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.74 and a current ratio of 1.17. The stock’s 50-day simple moving average is $79.54 and its 200 day simple moving average is $72.35. The company has a market cap of $18.51 billion, a P/E ratio of 34.19, a P/E/G ratio of 1.16 and a beta of 1.44. US Foods Holding Corp. has a 52-week low of $50.49 and a 52-week high of $85.11.

US Foods (NYSE:USFDGet Free Report) last released 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. The business had revenue of $10.08 billion for the quarter, compared to the consensus estimate of $10.17 billion. US Foods had a return on equity of 16.86% and a net margin of 1.43%. US Foods’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.93 earnings per share. As a group, sell-side analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

USFD has been the topic of several research analyst reports. Guggenheim reaffirmed a “buy” rating and set a $80.00 price objective on shares of US Foods in a research note on Monday, May 12th. JPMorgan Chase & Co. raised their price objective on US Foods from $82.00 to $85.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 25th. Morgan Stanley reaffirmed an “overweight” rating and set a $89.00 price objective (up previously from $84.00) on shares of US Foods in a research note on Monday, July 14th. Citigroup assumed coverage on US Foods in a research note on Thursday, May 22nd. They set a “buy” rating and a $95.00 price objective on the stock. Finally, 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. One equities research analyst has rated the stock with a hold rating, nine have assigned a buy rating and three have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, US Foods presently has an average rating of “Buy” and an average target price of $79.82.

Read Our Latest Research Report on USFD

About US Foods

(Free Report)

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.

See Also

Institutional Ownership by Quarter for US Foods (NYSE:USFD)

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