US Foods Holding Corp. (NYSE:USFD) Shares Sold by Congress Wealth Management LLC DE

Congress Wealth Management LLC DE trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 1.6% in the 4th quarter, HoldingsChannel.com reports. The fund owned 234,173 shares of the company’s stock after selling 3,723 shares during the quarter. Congress Wealth Management LLC DE’s holdings in US Foods were worth $15,797,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in USFD. Boston Partners lifted its position in US Foods by 0.6% during the fourth quarter. Boston Partners now owns 12,744,006 shares of the company’s stock valued at $860,460,000 after purchasing an additional 77,012 shares during the period. Wellington Management Group LLP raised its stake in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock valued at $744,548,000 after buying an additional 2,435,357 shares during the last quarter. State Street Corp lifted its holdings in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company’s stock valued at $433,299,000 after buying an additional 316,061 shares during the period. Geode Capital Management LLC boosted its stake in shares of US Foods by 6.5% in the third quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock worth $244,401,000 after buying an additional 241,900 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in US Foods by 6.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock worth $105,342,000 after acquiring an additional 109,488 shares during the period. 98.76% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have commented on the company. Piper Sandler upped their price objective on US Foods from $75.00 to $77.00 and gave the stock an “overweight” rating in a research report on Tuesday, February 18th. StockNews.com downgraded shares of US Foods from a “strong-buy” rating to a “buy” rating in a report on Saturday. Melius began coverage on shares of US Foods in a report on Wednesday, December 18th. They issued a “buy” rating and a $12.00 price objective for the company. Truist Financial increased their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, February 14th. Finally, UBS Group lifted their price target on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $71.09.

Insider Activity at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 0.70% of the stock is currently owned by insiders.

US Foods Trading Up 1.9 %

USFD stock opened at $65.64 on Tuesday. The business’s 50-day moving average is $68.83 and its 200 day moving average is $66.28. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The stock has a market cap of $15.12 billion, a price-to-earnings ratio of 32.49, a PEG ratio of 1.03 and a beta of 1.65. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion during the quarter, compared to analysts’ expectations of $9.47 billion. On average, sell-side analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

US Foods Profile

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.