Ironwood Investment Counsel LLC Sells 2,025 Shares of US Foods Holding Corp. (NYSE:USFD)

Ironwood Investment Counsel LLC lessened its holdings in US Foods Holding Corp. (NYSE:USFD) by 28.7% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 5,025 shares of the company’s stock after selling 2,025 shares during the period. Ironwood Investment Counsel LLC’s holdings in US Foods were worth $339,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in USFD. Wellington Management Group LLP raised its stake in US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company’s stock worth $744,548,000 after acquiring an additional 2,435,357 shares during the period. State Street Corp grew its holdings in US Foods by 4.7% during 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 in the last quarter. Massachusetts Financial Services Co. MA grew its holdings in US Foods by 4.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company’s stock valued at $420,781,000 after buying an additional 291,016 shares in the last quarter. Geode Capital Management LLC grew its holdings in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company’s stock valued at $244,401,000 after buying an additional 241,900 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in US Foods by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company’s stock valued at $105,342,000 after buying an additional 109,488 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on USFD shares. Barclays increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday, February 14th. Morgan Stanley increased their price objective on shares of US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a report on Tuesday, January 21st. UBS Group raised their target price on shares of US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Melius Research raised shares of US Foods to a “strong-buy” rating in a report on Wednesday, December 18th. Finally, Truist Financial lifted their price objective 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. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, US Foods has an average rating of “Buy” and an average target price of $70.33.

US Foods Stock Up 2.9 %

NYSE:USFD opened at $65.50 on Friday. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company has a market cap of $15.09 billion, a price-to-earnings ratio of 32.42, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The stock has a fifty day simple moving average of $69.13 and a 200-day simple moving average of $65.93. 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 released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.30% and a return on equity of 15.03%. Analysts anticipate that US Foods Holding Corp. will post 3.59 EPS for the current year.

Insider Activity at US Foods

In other news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the acquisition, the director now directly owns 4,500 shares of the company’s stock, valued at $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

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.