Keybank National Association OH Cuts Stake in US Foods Holding Corp. $USFD

Keybank National Association OH reduced its stake in US Foods Holding Corp. (NYSE:USFD) by 73.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 2,612 shares of the company’s stock after selling 7,393 shares during the period. Keybank National Association OH’s holdings in US Foods were worth $200,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in USFD. Royal Bank of Canada increased its stake in US Foods by 85.8% in the 1st quarter. Royal Bank of Canada now owns 148,512 shares of the company’s stock worth $9,722,000 after acquiring an additional 68,567 shares during the last quarter. Empowered Funds LLC purchased a new position in shares of US Foods in the first quarter valued at $359,000. Sivia Capital Partners LLC bought a new stake in US Foods in the second quarter worth $526,000. KLP Kapitalforvaltning AS raised its stake in US Foods by 2.6% during the second quarter. KLP Kapitalforvaltning AS now owns 47,900 shares of the company’s stock valued at $3,689,000 after purchasing an additional 1,200 shares in the last quarter. Finally, IFP Advisors Inc grew its stake in shares of US Foods by 13.3% in the 2nd quarter. IFP Advisors Inc now owns 3,658 shares of the company’s stock worth $282,000 after buying an additional 428 shares in the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Insider Buying and Selling

In related news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction that occurred on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the completion of the transaction, the insider owned 113,410 shares in the company, valued at $8,165,520. The trade was a 34.08% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 0.60% of the company’s stock.

US Foods Stock Up 2.9%

NYSE:USFD opened at $90.42 on Friday. The company has a debt-to-equity ratio of 1.08, a current ratio of 1.15 and a quick ratio of 0.70. US Foods Holding Corp. has a 1-year low of $57.36 and a 1-year high of $90.73. The company has a 50-day moving average of $79.28 and a 200 day moving average of $77.78. The firm has a market cap of $20.16 billion, a PE ratio of 37.68, a price-to-earnings-growth ratio of 1.14 and a beta of 1.02.

US Foods (NYSE:USFD) last issued its quarterly earnings data on Thursday, November 6th. The company reported $1.07 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to analyst estimates of $10.18 billion. During the same period last year, the company posted $0.85 earnings per share. US Foods’s revenue was up 4.8% compared to the same quarter last year. As a group, research analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several brokerages have weighed in on USFD. Morgan Stanley set a $92.00 price objective on US Foods in a research note on Tuesday, January 20th. Barclays cut their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Citigroup raised their price target on US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a research report on Tuesday, January 27th. Wall Street Zen lowered shares of US Foods from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Guggenheim increased their target price on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $90.00.

US Foods Profile

US Foods (NYSE: USFD) is a leading foodservice distributor in the United States that supplies a wide range of products and services to professional food operators. The company provides fresh, frozen and dry food items as well as non-food restaurant supplies and kitchen equipment. Its customer base includes independent restaurants, multi-unit chains, healthcare and senior living facilities, hospitality businesses, government and educational institutions, and other foodservice operators.

Beyond commodity and branded food products, US Foods offers value-added solutions designed to help customers run their businesses.