Factory Mutual Insurance Co. Trims Holdings in US Foods Holding Corp. (NYSE:USFD)

Factory Mutual Insurance Co. lowered its position in shares of US Foods Holding Corp. (NYSE:USFD) by 1.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 486,600 shares of the company’s stock after selling 5,700 shares during the quarter. Factory Mutual Insurance Co.’s holdings in US Foods were worth $29,926,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of USFD. Quent Capital LLC lifted its stake in shares of US Foods by 87.6% during the 3rd quarter. Quent Capital LLC now owns 469 shares of the company’s stock valued at $29,000 after buying an additional 219 shares in the last quarter. Acadian Asset Management LLC bought a new stake in US Foods during the second quarter valued at about $25,000. Redmont Wealth Advisors LLC bought a new stake in US Foods during the first quarter valued at about $27,000. International Assets Investment Management LLC purchased a new position in shares of US Foods in the second quarter valued at about $30,000. Finally, Rise Advisors LLC bought a new position in shares of US Foods in the first quarter worth about $30,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Trading Up 1.1 %

USFD stock traded up $0.64 during midday trading on Friday, reaching $61.29. 1,246,928 shares of the company traded hands, compared to its average volume of 2,024,869. The firm has a market capitalization of $15.07 billion, a price-to-earnings ratio of 30.19, a P/E/G ratio of 1.00 and a beta of 1.66. US Foods Holding Corp. has a 52-week low of $35.66 and a 52-week high of $62.94. The business has a 50 day moving average of $58.61 and a 200-day moving average of $54.74. The company has a debt-to-equity ratio of 0.92, a quick ratio of 0.81 and a current ratio of 1.29.

US Foods (NYSE:USFD) last released its quarterly earnings results on Thursday, August 8th. The company reported $0.93 earnings per share for the quarter, meeting the consensus estimate of $0.93. The company had revenue of $9.71 billion for the quarter, compared to analyst estimates of $9.62 billion. US Foods had a return on equity of 13.43% and a net margin of 1.42%. US Foods’s quarterly revenue was up 7.7% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.73 EPS. As a group, sell-side analysts expect that US Foods Holding Corp. will post 2.9 earnings per share for the current fiscal year.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other news, CFO Dirk J. Locascio sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, September 12th. The stock was sold at an average price of $57.95, for a total transaction of $579,500.00. Following the transaction, the chief financial officer now owns 88,563 shares of the company’s stock, valued at approximately $5,132,225.85. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.70% of the stock is owned by corporate insiders.

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.