Inceptionr LLC lowered its position in US Foods Holding Corp. (NYSE:USFD – Free Report) by 54.8% during the first quarter, HoldingsChannel.com reports. The firm owned 5,111 shares of the company’s stock after selling 6,194 shares during the quarter. Inceptionr LLC’s holdings in US Foods were worth $471,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Zurcher Kantonalbank Zurich Cantonalbank grew its position in US Foods by 47.6% in the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 107,928 shares of the company’s stock worth $8,129,000 after acquiring an additional 34,814 shares in the last quarter. Fifth Third Bancorp raised its holdings in shares of US Foods by 2,548.1% during the 1st quarter. Fifth Third Bancorp now owns 75,392 shares of the company’s stock valued at $6,952,000 after purchasing an additional 72,545 shares in the last quarter. Allspring Global Investments Holdings LLC bought a new position in US Foods during the fourth quarter valued at about $6,979,000. University of Texas Texas AM Investment Management Co. bought a new position in shares of US Foods in the 4th quarter valued at approximately $4,221,000. Finally, Mitsubishi UFJ Trust & Banking Corp boosted its holdings in shares of US Foods by 239.4% during the 4th quarter. Mitsubishi UFJ Trust & Banking Corp now owns 38,924 shares of the company’s stock worth $2,932,000 after buying an additional 27,454 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.
US Foods Price Performance
Shares of US Foods stock opened at $97.17 on Monday. The stock has a market capitalization of $21.40 billion, a price-to-earnings ratio of 32.72, a P/E/G ratio of 1.24 and a beta of 0.79. The firm’s 50-day moving average price is $92.30 and its two-hundred day moving average price is $90.42. The company has a current ratio of 1.14, a quick ratio of 0.70 and a debt-to-equity ratio of 1.16. US Foods Holding Corp. has a 1-year low of $69.88 and a 1-year high of $105.17.
Analyst Ratings Changes
USFD has been the subject of several research analyst reports. Citigroup reissued a “buy” rating on shares of US Foods in a research report on Wednesday. BTIG Research cut their target price on US Foods from $110.00 to $105.00 and set a “buy” rating for the company in a research note on Monday, May 11th. Wall Street Zen cut US Foods from a “buy” rating to a “hold” rating in a research report on Saturday, May 9th. JPMorgan Chase & Co. decreased their price target on shares of US Foods from $98.00 to $90.00 and set a “neutral” rating on the stock in a research note on Thursday, May 14th. Finally, TD Cowen began coverage on shares of US Foods in a report on Tuesday, July 7th. They issued a “buy” rating and a $116.00 price target on the stock. Eleven analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $107.00.
Read Our Latest Analysis on US Foods
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.
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