US Foods Holding Corp. (NYSE:USFD) Shares Bought by Community Trust & Investment Co.

Community Trust & Investment Co. increased its position in shares of US Foods Holding Corp. (NYSE:USFD) by 84.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 228,920 shares of the company’s stock after purchasing an additional 104,596 shares during the period. Community Trust & Investment Co. owned 0.09% of US Foods worth $14,079,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. GAMMA Investing LLC increased its stake in US Foods by 23.5% in the first quarter. GAMMA Investing LLC now owns 1,088 shares of the company’s stock valued at $59,000 after purchasing an additional 207 shares during the period. Atlas Capital Advisors LLC lifted its position in US Foods by 17.0% during the 1st quarter. Atlas Capital Advisors LLC now owns 7,727 shares of the company’s stock worth $417,000 after acquiring an additional 1,121 shares during the period. Artemis Investment Management LLP purchased a new position in shares of US Foods in the 1st quarter valued at approximately $20,997,000. Foguth Wealth Management LLC. acquired a new position in shares of US Foods in the first quarter valued at approximately $201,000. Finally, Oliver Luxxe Assets LLC raised its stake in shares of US Foods by 1.0% during the first quarter. Oliver Luxxe Assets LLC now owns 64,919 shares of the company’s stock worth $3,504,000 after purchasing an additional 674 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on USFD shares. Jefferies Financial Group lifted their target price on shares of US Foods from $66.00 to $71.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Wells Fargo & Company boosted their target price on US Foods from $66.00 to $75.00 and gave the stock an “overweight” rating in a research report on Wednesday, September 18th. Deutsche Bank Aktiengesellschaft raised their price target on US Foods from $72.00 to $75.00 and gave the company a “buy” rating in a report on Friday, August 9th. JPMorgan Chase & Co. increased their price objective on US Foods from $60.00 to $68.00 and gave the stock a “neutral” rating in a research report on Monday, September 16th. Finally, StockNews.com raised US Foods from a “buy” rating to a “strong-buy” rating in a report on Thursday, October 10th. One investment analyst has rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Buy” and an average price target of $66.82.

US Foods Stock Performance

USFD stock opened at $62.14 on Wednesday. The company has a 50-day simple moving average of $60.05 and a 200 day simple moving average of $55.21. The company has a quick ratio of 0.81, a current ratio of 1.29 and a debt-to-equity ratio of 0.92. The company has a market capitalization of $15.28 billion, a P/E ratio of 30.61, a PEG ratio of 1.02 and a beta of 1.66. US Foods Holding Corp. has a fifty-two week low of $36.60 and a fifty-two week high of $63.13.

US Foods (NYSE:USFD) last issued its quarterly earnings results on Thursday, August 8th. The company reported $0.93 EPS for the quarter, hitting the consensus estimate of $0.93. The firm had revenue of $9.71 billion for the quarter, compared to analysts’ expectations of $9.62 billion. US Foods had a net margin of 1.42% and a return on equity of 13.43%. US Foods’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.73 earnings per share. Sell-side analysts predict that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Insider Activity at US Foods

In other news, CFO Dirk J. Locascio sold 10,000 shares of US Foods stock in a transaction dated Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the completion of the sale, the chief financial officer now directly owns 88,563 shares in the company, valued at $5,132,225.85. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.70% of the stock is owned by insiders.

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.