State of Wyoming Cuts Stake in US Foods Holding Corp. $USFD

State of Wyoming lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 42.6% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 10,595 shares of the company’s stock after selling 7,867 shares during the quarter. State of Wyoming’s holdings in US Foods were worth $812,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. SG Americas Securities LLC raised its holdings in shares of US Foods by 323.5% during the 3rd quarter. SG Americas Securities LLC now owns 38,515 shares of the company’s stock worth $2,951,000 after acquiring an additional 29,420 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al increased its position in US Foods by 55.1% in the third quarter. VIRGINIA RETIREMENT SYSTEMS ET Al now owns 48,709 shares of the company’s stock worth $3,732,000 after purchasing an additional 17,300 shares during the last quarter. Artisan Partners Limited Partnership raised its stake in US Foods by 12.4% during the second quarter. Artisan Partners Limited Partnership now owns 3,207,416 shares of the company’s stock valued at $247,003,000 after purchasing an additional 354,747 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new position in US Foods during the third quarter valued at $3,599,000. Finally, AlphaQuest LLC grew its stake in shares of US Foods by 187.9% in the 3rd quarter. AlphaQuest LLC now owns 21,924 shares of the company’s stock worth $1,680,000 after buying an additional 14,309 shares in the last quarter. 98.76% of the stock is currently owned by institutional investors.

US Foods Price Performance

Shares of USFD stock opened at $84.37 on Tuesday. The stock has a 50 day moving average price of $78.50 and a 200 day moving average price of $77.60. US Foods Holding Corp. has a 52-week low of $57.36 and a 52-week high of $85.85. The company has a debt-to-equity ratio of 1.08, a quick ratio of 0.70 and a current ratio of 1.15. The firm has a market capitalization of $18.81 billion, a P/E ratio of 35.15, a P/E/G ratio of 1.05 and a beta of 1.02.

US Foods (NYSE:USFD) last released its earnings results on Thursday, November 6th. The company reported $1.07 earnings per share for the quarter, topping analysts’ consensus estimates of $1.05 by $0.02. The business 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 business’s revenue was up 4.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.85 earnings per share. As a group, sell-side analysts predict that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the stock. Citigroup upped their target price on shares of US Foods from $90.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 27th. Morgan Stanley set a $92.00 price objective on US Foods in a research report 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. Wall Street Zen downgraded US Foods from a “strong-buy” rating to a “buy” rating in a research report on Monday, January 19th. Finally, Guggenheim boosted their price objective on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research report on Tuesday, January 20th. Nine analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $90.00.

Insiders Place Their Bets

In other US Foods news, insider Steven Guberman sold 58,632 shares of the business’s stock in a transaction dated Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total value of $4,221,504.00. Following the completion of the sale, the insider directly owned 113,410 shares of the company’s stock, valued at $8,165,520. The trade was a 34.08% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.60% of the stock is owned by insiders.

US Foods Company 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.