Ironwood Investment Counsel LLC Sells 500 Shares of US Foods Holding Corp. (NYSE:USFD)

Ironwood Investment Counsel LLC lessened its holdings in shares of US Foods Holding Corp. (NYSE:USFD) by 5.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,950 shares of the company’s stock after selling 500 shares during the period. Ironwood Investment Counsel LLC’s holdings in US Foods were worth $483,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. American Century Companies Inc. lifted its stake in US Foods by 10.1% in the 3rd quarter. American Century Companies Inc. now owns 353,383 shares of the company’s stock valued at $14,029,000 after acquiring an additional 32,547 shares in the last quarter. Nordea Investment Management AB lifted its stake in US Foods by 102.1% in the 4th quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after acquiring an additional 55,554 shares in the last quarter. Raymond James Trust N.A. lifted its stake in US Foods by 2.6% in the 4th quarter. Raymond James Trust N.A. now owns 32,416 shares of the company’s stock valued at $1,472,000 after acquiring an additional 811 shares in the last quarter. Blue Trust Inc. bought a new stake in US Foods in the 4th quarter valued at approximately $30,000. Finally, Global Retirement Partners LLC lifted its stake in US Foods by 95.0% in the 4th quarter. Global Retirement Partners LLC now owns 1,564 shares of the company’s stock valued at $72,000 after acquiring an additional 762 shares in the last quarter. Institutional investors own 98.76% of the company’s stock.

US Foods Stock Performance

USFD traded up $0.13 during trading hours on Monday, reaching $52.37. The company’s stock had a trading volume of 2,195,206 shares, compared to its average volume of 1,761,960. US Foods Holding Corp. has a 52 week low of $35.66 and a 52 week high of $55.98. The company’s 50-day moving average is $53.13 and its 200-day moving average is $51.24. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.81 and a current ratio of 1.31. The firm has a market cap of $12.88 billion, a PE ratio of 25.80, a price-to-earnings-growth ratio of 0.85 and a beta of 1.62.

US Foods (NYSE:USFD) last posted its quarterly earnings data on Thursday, May 9th. The company reported $0.48 earnings per share for the quarter, missing the consensus estimate of $0.49 by ($0.01). The firm had revenue of $8.95 billion for the quarter, compared to the consensus estimate of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. On average, equities analysts forecast that US Foods Holding Corp. will post 2.94 EPS for the current year.

Wall Street Analyst Weigh In

Several research firms have recently commented on USFD. UBS Group increased their price objective on US Foods from $64.00 to $67.00 and gave the company a “buy” rating in a report on Friday, May 10th. Morgan Stanley increased their price objective on US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Barclays increased their price objective on US Foods from $60.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. JPMorgan Chase & Co. increased their price objective on US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. Finally, Truist Financial increased their price objective on US Foods from $65.00 to $66.00 and gave the company a “buy” rating in a report on Thursday, June 6th. One investment analyst has rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $62.00.

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.