Amalgamated Bank Decreases Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

Amalgamated Bank lowered its holdings in US Foods Holding Corp. (NYSE:USFD) by 4.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 110,581 shares of the company’s stock after selling 5,175 shares during the period. Amalgamated Bank’s holdings in US Foods were worth $7,460,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. Creative Planning raised its position in US Foods by 13.5% in the third quarter. Creative Planning now owns 12,978 shares of the company’s stock valued at $798,000 after purchasing an additional 1,547 shares during the period. Allspring Global Investments Holdings LLC grew its stake in shares of US Foods by 15.4% in the third quarter. Allspring Global Investments Holdings LLC now owns 8,518 shares of the company’s stock valued at $524,000 after buying an additional 1,137 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of US Foods during the 3rd quarter valued at about $207,000. Private Advisor Group LLC lifted its position in US Foods by 8.3% during the 3rd quarter. Private Advisor Group LLC now owns 13,723 shares of the company’s stock worth $844,000 after acquiring an additional 1,053 shares in the last quarter. Finally, International Assets Investment Management LLC boosted its holdings in US Foods by 2,853.8% in the 3rd quarter. International Assets Investment Management LLC now owns 16,482 shares of the company’s stock worth $1,014,000 after acquiring an additional 15,924 shares during the period. Hedge funds and other institutional investors own 98.76% of the company’s stock.

US Foods Trading Up 0.4 %

Shares of NYSE USFD opened at $70.50 on Thursday. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. The stock’s 50 day moving average price is $69.32 and its two-hundred day moving average price is $65.14. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The stock has a market capitalization of $16.24 billion, a P/E ratio of 34.90, a PEG ratio of 1.03 and a beta of 1.67.

US Foods (NYSE:USFD) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Melius Research upgraded shares of US Foods to a “strong-buy” rating in a research note on Wednesday, December 18th. Truist Financial boosted their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, February 14th. Barclays upped their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a research report on Friday, February 14th. JPMorgan Chase & Co. lifted their target price on US Foods from $68.00 to $69.00 and gave the stock a “neutral” rating in a research report on Friday, November 8th. Finally, Jefferies Financial Group increased their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Buy” and a consensus price target of $70.33.

US Foods Company 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.