Guggenheim Capital LLC decreased its holdings in US Foods Holding Corp. (NYSE:USFD – Get Rating) by 83.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 33,347 shares of the company’s stock after selling 173,607 shares during the period. Guggenheim Capital LLC’s holdings in US Foods were worth $882,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also modified their holdings of the business. Twin Tree Management LP lifted its position in shares of US Foods by 157.6% during the 3rd quarter. Twin Tree Management LP now owns 1,482 shares of the company’s stock worth $39,000 after purchasing an additional 4,056 shares during the last quarter. Northwestern Mutual Wealth Management Co. lifted its position in shares of US Foods by 53.3% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 1,492 shares of the company’s stock worth $45,000 after purchasing an additional 519 shares during the last quarter. Costello Asset Management INC purchased a new stake in shares of US Foods during the 3rd quarter worth $42,000. Covestor Ltd lifted its position in shares of US Foods by 744.8% during the 1st quarter. Covestor Ltd now owns 1,639 shares of the company’s stock worth $62,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Captrust Financial Advisors lifted its position in shares of US Foods by 29.9% during the 1st quarter. Captrust Financial Advisors now owns 2,144 shares of the company’s stock worth $81,000 after purchasing an additional 493 shares during the last quarter. Institutional investors and hedge funds own 97.06% of the company’s stock.
Insider Buying and Selling
In related news, Director Sunil Gupta sold 5,756 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $39.29, for a total transaction of $226,153.24. Following the completion of the transaction, the director now directly owns 17,802 shares of the company’s stock, valued at $699,440.58. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other US Foods news, EVP Jay Kvasnicka sold 2,590 shares of the stock in a transaction dated Thursday, January 26th. The shares were sold at an average price of $38.01, for a total value of $98,445.90. Following the completion of the transaction, the executive vice president now directly owns 63,049 shares of the company’s stock, valued at $2,396,492.49. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Sunil Gupta sold 5,756 shares of the stock in a transaction dated Wednesday, February 22nd. The shares were sold at an average price of $39.29, for a total transaction of $226,153.24. Following the completion of the transaction, the director now directly owns 17,802 shares of the company’s stock, valued at $699,440.58. The disclosure for this sale can be found here. Insiders sold 70,152 shares of company stock valued at $2,676,317 over the last ninety days. Corporate insiders own 1.00% of the company’s stock.
US Foods Price Performance
US Foods (NYSE:USFD – Get Rating) last posted its quarterly earnings results on Thursday, February 16th. The company reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $8.52 billion during the quarter, compared to analysts’ expectations of $8.58 billion. US Foods had a net margin of 0.78% and a return on equity of 13.22%. On average, equities research analysts anticipate that US Foods Holding Corp. will post 2.35 earnings per share for the current year.
Analysts Set New Price Targets
USFD has been the subject of several recent analyst reports. Piper Sandler lifted their price objective on shares of US Foods to $38.00 in a research report on Wednesday, November 16th. Morgan Stanley upped their price objective on shares of US Foods from $44.00 to $46.00 and gave the company an “equal weight” rating in a research note on Friday, February 17th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of US Foods from $44.00 to $41.00 in a research note on Friday, November 11th. BMO Capital Markets upped their price objective on shares of US Foods from $45.00 to $50.00 in a research note on Friday, February 17th. Finally, TheStreet upgraded shares of US Foods from a “c+” rating to a “b-” rating in a research note on Tuesday, December 6th. Two analysts have rated the stock with a hold rating, six have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, US Foods currently has an average rating of “Moderate Buy” and an average target price of $44.90.
US Foods Profile
US Foods Holding Corp. operates as a foodservice distributor. Its products include frozen and dry food and non-food products to foodservice customers throughout the U.S. The company offers services under brands Chef’s Line, del Pasado, Glenview Farms, Cattleman’s Selection, Cross Valley Farms, Harbor Banks, Hilltop Hearth, Devonshire, and Metro Deli.
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