Traders Sell Shares of US Foods (USFD) on Strength (USFD)
Traders sold shares of US Foods Holding Corp (NYSE:USFD) on strength during trading on Friday. $8.83 million flowed into the stock on the tick-up and $22.71 million flowed out of the stock on the tick-down, for a money net flow of $13.88 million out of the stock. Of all companies tracked, US Foods had the 0th highest net out-flow for the day. US Foods traded up $0.09 for the day and closed at $31.81
A number of brokerages have commented on USFD. Citigroup lowered their target price on US Foods from $39.00 to $37.00 and set a “buy” rating on the stock in a report on Tuesday, November 13th. Zacks Investment Research upgraded US Foods from a “sell” rating to a “hold” rating in a report on Saturday, November 10th. Loop Capital lowered their target price on US Foods from $36.00 to $34.00 and set a “hold” rating on the stock in a report on Friday, November 9th. Pivotal Research decreased their price objective on US Foods from $33.00 to $31.00 and set a “hold” rating on the stock in a report on Wednesday, November 7th. Finally, Buckingham Research initiated coverage on US Foods in a report on Monday, October 22nd. They set a “neutral” rating and a $32.00 price objective on the stock. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. US Foods currently has an average rating of “Buy” and an average target price of $37.73.
The company has a quick ratio of 0.80, a current ratio of 1.39 and a debt-to-equity ratio of 1.08. The firm has a market capitalization of $6.91 billion, a PE ratio of 34.96, a price-to-earnings-growth ratio of 0.60 and a beta of 0.43.
In other news, Director Cheryl A. Bachelder bought 3,200 shares of US Foods stock in a transaction that occurred on Monday, November 12th. The shares were purchased at an average price of $31.30 per share, for a total transaction of $100,160.00. Following the completion of the acquisition, the director now owns 3,200 shares of the company’s stock, valued at $100,160. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.57% of the stock is currently owned by company insiders.
Institutional investors have recently modified their holdings of the stock. Janus Henderson Group PLC acquired a new position in US Foods in the second quarter valued at $703,000. Longview Partners Guernsey LTD acquired a new position in US Foods in the third quarter valued at $455,678,000. Polianta Ltd acquired a new position in US Foods in the third quarter valued at $1,078,000. State Board of Administration of Florida Retirement System raised its position in US Foods by 8.6% in the third quarter. State Board of Administration of Florida Retirement System now owns 132,857 shares of the company’s stock valued at $4,095,000 after purchasing an additional 10,537 shares during the period. Finally, Bank of America Corp DE raised its position in US Foods by 37.0% in the second quarter. Bank of America Corp DE now owns 515,162 shares of the company’s stock valued at $19,483,000 after purchasing an additional 139,074 shares during the period. Hedge funds and other institutional investors own 98.73% of the company’s stock.
About US Foods (NYSE:USFD)
US Foods Holding Corp., through its subsidiary, US Foods, Inc, markets and distributes fresh, frozen, and dry food and non-food products to foodservice customers in the United States. Its 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.
Receive News & Ratings for US Foods Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for US Foods and related companies with MarketBeat.com's FREE daily email newsletter.