Great Lakes Advisors LLC Sells 146,407 Shares of US Foods Holding Corp. $USFD

Great Lakes Advisors LLC lowered its position in shares of US Foods Holding Corp. (NYSE:USFD) by 49.5% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 149,165 shares of the company’s stock after selling 146,407 shares during the quarter. Great Lakes Advisors LLC’s holdings in US Foods were worth $11,429,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. Parkside Financial Bank & Trust boosted its position in shares of US Foods by 303.7% during the third quarter. Parkside Financial Bank & Trust now owns 327 shares of the company’s stock worth $25,000 after purchasing an additional 246 shares in the last quarter. Geneos Wealth Management Inc. increased its position in shares of US Foods by 120.1% in the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock valued at $37,000 after buying an additional 263 shares in the last quarter. First Horizon Corp acquired a new stake in US Foods during the 3rd quarter worth $39,000. MAI Capital Management lifted its holdings in US Foods by 155.6% during the second quarter. MAI Capital Management now owns 529 shares of the company’s stock worth $41,000 after acquiring an additional 322 shares in the last quarter. Finally, V Square Quantitative Management LLC lifted its holdings in US Foods by 58.7% during the second quarter. V Square Quantitative Management LLC now owns 541 shares of the company’s stock worth $42,000 after acquiring an additional 200 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on USFD. Sanford C. Bernstein restated an “outperform” rating on shares of US Foods in a report on Friday, November 7th. Barclays decreased their price objective on US Foods from $95.00 to $90.00 and set an “overweight” rating for the company in a research report on Friday, November 7th. Citigroup raised their target price on shares of US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday. Guggenheim lifted their price target on shares of US Foods from $88.00 to $95.00 and gave the company a “buy” rating in a research note on Tuesday, January 20th. Finally, Morgan Stanley set a $92.00 price objective on shares of US Foods in a research report on Tuesday, January 20th. Nine equities research analysts have rated the stock with a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $90.00.

Insider Activity at US Foods

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

US Foods Price Performance

Shares of USFD opened at $84.18 on Friday. The company has a quick ratio of 0.70, a current ratio of 1.15 and a debt-to-equity ratio of 1.08. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $85.85. The stock has a market capitalization of $18.77 billion, a P/E ratio of 35.08, a P/E/G ratio of 1.05 and a beta of 1.03. The company has a 50 day moving average of $78.10 and a 200-day moving average of $77.64.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. The business had revenue of $10.19 billion during the quarter, compared to analysts’ expectations of $10.18 billion. US Foods had a net margin of 1.43% and a return on equity of 17.71%. The firm’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.85 earnings per share. As a group, equities research analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

About US Foods

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.