US Foods Holding Corp. $USFD Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. trimmed its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 4.6% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 500,257 shares of the company’s stock after selling 24,283 shares during the quarter. Principal Financial Group Inc.’s holdings in US Foods were worth $38,330,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in the business. Parkside Financial Bank & Trust raised its holdings 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 during the last quarter. Geneos Wealth Management Inc. grew its position in US Foods by 120.1% during the 2nd quarter. Geneos Wealth Management Inc. now owns 482 shares of the company’s stock worth $37,000 after purchasing an additional 263 shares during the period. First Horizon Corp purchased a new position in shares of US Foods during the 3rd quarter valued at about $39,000. MAI Capital Management lifted its holdings in shares of US Foods by 155.6% in the 2nd quarter. MAI Capital Management now owns 529 shares of the company’s stock valued at $41,000 after buying an additional 322 shares during the period. Finally, Quent Capital LLC purchased a new stake in shares of US Foods in the third quarter worth about $43,000. 98.76% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on USFD shares. Citigroup increased their price target on shares of US Foods from $90.00 to $95.00 and gave the stock a “buy” rating in a report on Tuesday, January 27th. Guggenheim increased their target price on shares of US Foods from $88.00 to $95.00 and gave the stock a “buy” rating in a research note on Tuesday, January 20th. Barclays dropped their target price on US Foods from $95.00 to $90.00 and set an “overweight” rating on the stock in a research report on Friday, November 7th. Wall Street Zen cut US Foods from a “strong-buy” rating to a “buy” rating in a report on Monday, January 19th. Finally, Morgan Stanley set a $92.00 price objective on US Foods in a report on Tuesday, January 20th. Nine investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $90.00.

Insider Activity at US Foods

In other US Foods news, insider Steven Guberman sold 58,632 shares of US Foods stock in a transaction on Tuesday, November 11th. The shares were sold at an average price of $72.00, for a total transaction of $4,221,504.00. Following the sale, the insider owned 113,410 shares of the company’s stock, valued at $8,165,520. The trade was a 34.08% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 0.60% of the company’s stock.

US Foods Stock Up 0.0%

USFD opened at $87.85 on Friday. The company has a market cap of $19.58 billion, a PE ratio of 36.60, a price-to-earnings-growth ratio of 1.10 and a beta of 1.02. US Foods Holding Corp. has a twelve month low of $57.36 and a twelve month high of $89.50. The company has a 50-day moving average price of $79.05 and a 200 day moving average price of $77.77. 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 (NYSE:USFD) last posted its quarterly earnings data on Thursday, November 6th. The company reported $1.07 EPS for the quarter, topping the consensus estimate of $1.05 by $0.02. The company had revenue of $10.19 billion during the quarter, compared to analyst estimates of $10.18 billion. US Foods had a return on equity of 17.71% and a net margin of 1.43%.US Foods’s quarterly revenue was up 4.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.85 EPS. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share 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.