Portside Wealth Group LLC Has $309,000 Position in US Foods Holding Corp. $USFD

Portside Wealth Group LLC lessened its stake in US Foods Holding Corp. (NYSE:USFD) by 26.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,015 shares of the company’s stock after selling 1,424 shares during the period. Portside Wealth Group LLC’s holdings in US Foods were worth $309,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of USFD. Caitong International Asset Management Co. Ltd acquired a new stake in shares of US Foods in the 1st quarter valued at $31,000. V Square Quantitative Management LLC boosted its holdings in US Foods by 58.7% in the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock valued at $42,000 after acquiring an additional 200 shares during the last quarter. Assetmark Inc. boosted its stake in shares of US Foods by 41.1% in the 2nd quarter. Assetmark Inc. now owns 931 shares of the company’s stock valued at $72,000 after purchasing an additional 271 shares during the last quarter. Rosenberg Matthew Hamilton boosted its stake in US Foods by 1,474.0% in the second quarter. Rosenberg Matthew Hamilton now owns 1,149 shares of the company’s stock valued at $88,000 after acquiring an additional 1,076 shares during the last quarter. Finally, Banque Transatlantique SA acquired a new stake in shares of US Foods during the first quarter worth $91,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

USFD stock opened at $70.81 on Thursday. The stock has a 50-day moving average price of $75.26 and a two-hundred day moving average price of $77.07. US Foods Holding Corp. has a 1 year low of $57.36 and a 1 year high of $85.11. The stock has a market cap of $15.79 billion, a PE ratio of 29.50, a price-to-earnings-growth ratio of 0.97 and a beta of 1.34. The company has a current ratio of 1.15, a quick ratio of 0.70 and a debt-to-equity ratio of 1.08.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, beating analysts’ consensus estimates of $1.05 by $0.02. The company had revenue of $10.19 billion for the quarter, compared to analyst estimates of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.The company’s quarterly revenue was up 4.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.85 earnings per share. Equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Insider Activity at US Foods

In related news, insider Steven Guberman sold 58,632 shares of the stock in a transaction 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 approximately $8,165,520. This represents a 34.08% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 0.60% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Sanford C. Bernstein reaffirmed an “outperform” rating on shares of US Foods in a research note on Friday, November 7th. Wells Fargo & Company reiterated an “overweight” rating and set a $87.00 target price (up from $80.00) on shares of US Foods in a report on Friday, August 8th. Barclays decreased their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research note on Friday, November 7th. Wall Street Zen raised US Foods from a “buy” rating to a “strong-buy” rating in a research report on Friday, September 5th. Finally, Guggenheim lifted their price objective on US Foods from $80.00 to $88.00 and gave the company a “buy” rating in a report on Monday, August 11th. Two analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average target price of $82.00.

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.