US Foods Holding Corp (NASDAQ:USFD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a note issued to investors on Wednesday, July 19th.
According to Zacks, “US Foods Holding Corp. is a foodservice distributor. The company serves independent and multi-unit restaurants, healthcare and hospitality entities, government and educational institutions. US Foods Holding Corp. is headquartered in Rosemont, Ill. “
Other research analysts also recently issued research reports about the stock. Pivotal Research increased their price objective on shares of US Foods Holding Corp from $25.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, May 10th. Royal Bank Of Canada reiterated a “buy” rating on shares of US Foods Holding Corp in a research report on Tuesday, April 18th. Loop Capital began coverage on shares of US Foods Holding Corp in a research report on Monday, May 15th. They issued a “hold” rating and a $31.00 price target on the stock. Guggenheim reiterated a “buy” rating and issued a $33.00 price target (up from $30.00) on shares of US Foods Holding Corp in a research report on Monday, May 15th. Finally, Credit Suisse Group AG reiterated an “outperform” rating and issued a $35.00 price target (up from $32.00) on shares of US Foods Holding Corp in a research report on Wednesday, May 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have assigned a buy rating to the company’s stock. US Foods Holding Corp currently has a consensus rating of “Buy” and a consensus target price of $31.00.
Shares of US Foods Holding Corp (USFD) traded down 0.07% during midday trading on Wednesday, hitting $26.75. 1,837,054 shares of the stock traded hands. US Foods Holding Corp has a 52 week low of $22.19 and a 52 week high of $30.73. The firm has a market capitalization of $5.99 billion and a PE ratio of 20.08. The company’s 50-day moving average is $27.60 and its 200 day moving average is $27.91.
US Foods Holding Corp (NASDAQ:USFD) last issued its quarterly earnings data on Wednesday, August 9th. The company reported $0.37 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.35 by $0.02. The company had revenue of $6.16 billion for the quarter, compared to the consensus estimate of $6.03 billion. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. The firm’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned ($0.07) earnings per share. Analysts anticipate that US Foods Holding Corp will post $1.35 earnings per share for the current year.
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In other news, insider Pietro Satriano sold 89,932 shares of the stock in a transaction on Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total value of $2,540,579.00. Following the completion of the sale, the insider now directly owns 164,366 shares of the company’s stock, valued at $4,643,339.50. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of the stock in a transaction on Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total transaction of $640,019,541.75. The disclosure for this sale can be found here. Over the last three months, insiders sold 23,344,441 shares of company stock valued at $659,480,458.
Institutional investors have recently bought and sold shares of the stock. State Street Corp boosted its position in US Foods Holding Corp by 12.9% in the fourth quarter. State Street Corp now owns 519,395 shares of the company’s stock valued at $14,270,000 after buying an additional 59,258 shares during the last quarter. Guggenheim Capital LLC bought a new position in US Foods Holding Corp during the fourth quarter valued at $2,824,000. Norges Bank bought a new position in US Foods Holding Corp during the fourth quarter valued at $13,392,000. Vident Investment Advisory LLC bought a new position in US Foods Holding Corp during the fourth quarter valued at $414,000. Finally, Quadrature Capital Ltd bought a new position in US Foods Holding Corp during the fourth quarter valued at $460,000.
About US Foods Holding Corp
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
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