Vontobel Holding Ltd. Sells 333 Shares of US Foods Holding Corp. (NYSE:USFD)

Vontobel Holding Ltd. reduced its position in US Foods Holding Corp. (NYSE:USFD) by 3.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 8,280 shares of the company’s stock after selling 333 shares during the quarter. Vontobel Holding Ltd.’s holdings in US Foods were worth $376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. State of Alaska Department of Revenue raised its stake in US Foods by 138.6% during the fourth quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company’s stock worth $2,925,000 after acquiring an additional 37,425 shares in the last quarter. Wellington Management Group LLP raised its stake in US Foods by 7.5% during the third quarter. Wellington Management Group LLP now owns 2,870,370 shares of the company’s stock worth $113,954,000 after acquiring an additional 199,269 shares in the last quarter. Handelsinvest Investeringsforvaltning acquired a new position in US Foods during the fourth quarter worth $1,269,000. Nordea Investment Management AB raised its stake in US Foods by 102.1% during the fourth quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock worth $4,991,000 after acquiring an additional 55,554 shares in the last quarter. Finally, Oak Thistle LLC acquired a new position in US Foods during the fourth quarter worth $1,639,000. 98.76% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other US Foods news, EVP David A. Rickard sold 50,000 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The stock was sold at an average price of $52.52, for a total transaction of $2,626,000.00. Following the transaction, the executive vice president now owns 148,561 shares in the company, valued at $7,802,423.72. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.70% of the company’s stock.

US Foods Price Performance

Shares of USFD opened at $50.74 on Wednesday. The company has a current ratio of 1.30, a quick ratio of 0.78 and a debt-to-equity ratio of 0.96. US Foods Holding Corp. has a 1 year low of $35.66 and a 1 year high of $54.94. The stock has a market cap of $12.44 billion, a P/E ratio of 25.12, a price-to-earnings-growth ratio of 0.85 and a beta of 1.58. The stock’s 50-day moving average price is $51.80 and its two-hundred day moving average price is $46.21.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 15th. The company reported $0.60 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.64 by ($0.04). US Foods had a return on equity of 13.41% and a net margin of 1.42%. The company had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. On average, equities analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Truist Financial raised their target price on US Foods from $52.00 to $57.00 and gave the company a “buy” rating in a research note on Tuesday, February 20th. BMO Capital Markets raised their target price on US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Morgan Stanley raised their target price on US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. Piper Sandler upgraded US Foods from a “neutral” rating to an “overweight” rating and raised their target price for the company from $45.00 to $59.00 in a research note on Tuesday, February 20th. Finally, StockNews.com upgraded US Foods from a “buy” rating to a “strong-buy” rating in a research note on Friday, February 23rd. One analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, US Foods presently has an average rating of “Buy” and a consensus price target of $54.92.

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.