US Foods Holding Corp (USFD) Given a $32.00 Price Target by Royal Bank Of Canada Analysts
Other research analysts have also recently issued reports about the company. Loop Capital began coverage on US Foods Holding Corp in a report on Monday, May 15th. They set a hold rating and a $31.00 price objective for the company. Guggenheim reissued a buy rating and set a $33.00 price objective (up from $30.00) on shares of US Foods Holding Corp in a report on Monday, May 15th. Pivotal Research lifted their price objective on US Foods Holding Corp from $25.00 to $29.00 and gave the company a hold rating in a report on Wednesday, May 10th. BMO Capital Markets set a $29.00 price objective on US Foods Holding Corp and gave the company a hold rating in a report on Friday. Finally, Zacks Investment Research cut US Foods Holding Corp from a hold rating to a sell rating in a report on Saturday, May 20th. Four research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and a consensus price target of $30.78.
Shares of US Foods Holding Corp (NASDAQ USFD) opened at 28.47 on Friday. US Foods Holding Corp has a 12-month low of $22.19 and a 12-month high of $30.73. The firm has a market cap of $6.32 billion and a PE ratio of 27.72. The company has a 50 day moving average of $27.76 and a 200-day moving average of $27.82.
US Foods Holding Corp (NASDAQ:USFD) last issued its quarterly earnings data on Tuesday, May 9th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.20 by $0.02. The company had revenue of $5.78 billion for the quarter, compared to the consensus estimate of $5.78 billion. US Foods Holding Corp had a net margin of 0.46% and a return on equity of 4.21%. US Foods Holding Corp’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts forecast that US Foods Holding Corp will post $1.34 EPS for the current fiscal year.
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In related news, major shareholder Usf Co-Investor No. 2 L.P Cdr sold 22,655,559 shares of US Foods Holding Corp stock in a transaction dated Wednesday, May 17th. The stock was sold at an average price of $28.25, for a total value of $640,019,541.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director John Anthony Lederer sold 598,950 shares of US Foods Holding Corp stock in a transaction dated Wednesday, May 17th. The shares were sold at an average price of $28.25, for a total value of $16,920,337.50. Following the completion of the transaction, the director now directly owns 504,224 shares of the company’s stock, valued at $14,244,328. The disclosure for this sale can be found here. Insiders sold 23,344,441 shares of company stock valued at $659,480,458 over the last ninety days.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Zurcher Kantonalbank Zurich Cantonalbank acquired a new position in US Foods Holding Corp during the first quarter worth about $105,000. Public Employees Retirement Association of Colorado boosted its position in US Foods Holding Corp by 197.3% in the second quarter. Public Employees Retirement Association of Colorado now owns 4,210 shares of the company’s stock worth $115,000 after buying an additional 2,794 shares in the last quarter. US Bancorp DE boosted its position in US Foods Holding Corp by 205.9% in the second quarter. US Bancorp DE now owns 4,402 shares of the company’s stock worth $120,000 after buying an additional 2,963 shares in the last quarter. Independent Portfolio Consultants Inc. boosted its position in US Foods Holding Corp by 458.3% in the second quarter. Independent Portfolio Consultants Inc. now owns 6,420 shares of the company’s stock worth $175,000 after buying an additional 5,270 shares in the last quarter. Finally, UBS Group AG boosted its position in US Foods Holding Corp by 255.6% in the first quarter. UBS Group AG now owns 7,280 shares of the company’s stock worth $204,000 after buying an additional 5,233 shares in the last quarter.
US Foods Holding Corp Company Profile
US Foods Holding Corp. is a holding company. The Company is a foodservice distributor in the United States. The Company, through US Foods, Inc (USF), markets and primarily distributes fresh, frozen and dry food and non-food products to foodservice customers throughout the United States. These 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.
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