Amalgamated Bank Reduces Stock Position in US Foods Holding Corp. (NYSE:USFD)

Amalgamated Bank reduced its position in shares of US Foods Holding Corp. (NYSE:USFD) by 10.4% in the fourth quarter, HoldingsChannel.com reports. The firm owned 157,890 shares of the company’s stock after selling 18,271 shares during the period. Amalgamated Bank’s holdings in US Foods were worth $7,170,000 at the end of the most recent quarter.

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

Insider Buying and Selling at US Foods

In other US Foods news, EVP David A. Rickard sold 50,000 shares of US Foods stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $52.52, for a total value of $2,626,000.00. Following the sale, the executive vice president now directly owns 148,561 shares in the company, valued at approximately $7,802,423.72. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is currently owned by insiders.

US Foods Trading Up 0.8 %

Shares of US Foods stock opened at $51.40 on Friday. The stock has a market capitalization of $12.61 billion, a PE ratio of 25.45, a P/E/G ratio of 0.86 and a beta of 1.58. US Foods Holding Corp. has a 1-year low of $35.66 and a 1-year high of $54.94. The company’s fifty day simple moving average is $52.11 and its 200-day simple moving average is $47.02. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.30 and a quick ratio of 0.78.

US Foods (NYSE:USFD) last announced its quarterly earnings data on Thursday, February 15th. The company reported $0.60 EPS for the quarter, missing the consensus estimate of $0.64 by ($0.04). The firm had revenue of $8.94 billion for the quarter, compared to the consensus estimate of $8.81 billion. US Foods had a net margin of 1.42% and a return on equity of 13.41%. As a group, equities analysts anticipate that US Foods Holding Corp. will post 2.92 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the stock. Morgan Stanley raised their target price on shares of US Foods from $60.00 to $62.00 and gave the company an “overweight” rating in a research note on Friday, April 12th. BTIG Research raised their price target on shares of US Foods from $52.00 to $62.00 and gave the company a “buy” rating in a research report on Tuesday, March 19th. UBS Group raised shares of US Foods from a “neutral” rating to a “buy” rating and raised their price target for the company from $47.00 to $64.00 in a research report on Tuesday, February 20th. BMO Capital Markets raised their price target on shares of US Foods from $50.00 to $58.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Finally, Piper Sandler raised shares of US Foods from a “neutral” rating to an “overweight” rating and raised their price target for the company from $45.00 to $59.00 in a research report on Tuesday, February 20th. One investment analyst has rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus 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.