Summit Investment Advisors Inc. Sells 1,329 Shares of US Foods Holding Corp. $USFD

Summit Investment Advisors Inc. lowered its stake in shares of US Foods Holding Corp. (NYSE:USFD) by 2.8% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 45,328 shares of the company’s stock after selling 1,329 shares during the quarter. Summit Investment Advisors Inc.’s holdings in US Foods were worth $2,967,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of USFD. Securian Asset Management Inc. grew its stake in shares of 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 acquiring an additional 121 shares in the last quarter. SageView Advisory Group LLC increased its stake in US Foods by 3.9% in the 1st quarter. SageView Advisory Group LLC now owns 4,096 shares of the company’s stock valued at $268,000 after buying an additional 153 shares during the last quarter. Kesler Norman & Wride LLC increased its stake in US Foods by 1.3% in the 1st quarter. Kesler Norman & Wride LLC now owns 12,555 shares of the company’s stock valued at $822,000 after buying an additional 160 shares during the last quarter. UMB Bank n.a. lifted its position in shares of US Foods by 7.9% during the 2nd quarter. UMB Bank n.a. now owns 2,644 shares of the company’s stock worth $204,000 after buying an additional 193 shares in the last quarter. Finally, V Square Quantitative Management LLC boosted its stake in shares of US Foods by 58.7% in the 2nd quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock worth $42,000 after buying an additional 200 shares during the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

Shares of NYSE:USFD opened at $73.48 on Friday. The company has a 50-day moving average price of $76.20 and a two-hundred day moving average price of $76.71. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $85.11. The company has a quick ratio of 0.73, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $16.55 billion, a PE ratio of 30.62, a P/E/G ratio of 1.03 and a beta of 1.34.

US Foods (NYSE:USFD) last released its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The company had revenue of $10.19 billion during the quarter, compared to the consensus estimate of $10.18 billion. During the same period last year, the firm earned $0.85 EPS. US Foods’s revenue for the quarter was up 4.8% on a year-over-year basis. Equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on USFD shares. Sanford C. Bernstein reiterated an “outperform” rating on shares of US Foods in a report on Friday. Piper Sandler lifted their target price on US Foods from $77.00 to $85.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 2nd. UBS Group raised their price objective on shares of US Foods from $84.00 to $96.00 and gave the stock a “buy” rating in a report on Monday, July 28th. Weiss Ratings reiterated a “buy (b)” rating on shares of US Foods in a research note on Wednesday. Finally, Barclays reduced their target price on shares of US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday. Two investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $82.00.

About US Foods

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.