Congress Asset Management Co. Has $128.28 Million Position in US Foods Holding Corp. (NYSE:USFD)

Congress Asset Management Co. lowered its position in US Foods Holding Corp. (NYSE:USFD) by 3.5% during the fourth quarter, HoldingsChannel reports. The institutional investor owned 1,901,614 shares of the company’s stock after selling 69,045 shares during the period. Congress Asset Management Co.’s holdings in US Foods were worth $128,283,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Legacy Wealth Asset Management LLC increased its holdings in US Foods by 4.0% in the fourth quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company’s stock worth $279,000 after buying an additional 160 shares during the last quarter. Bank of Montreal Can grew its holdings in US Foods by 0.3% during the third quarter. Bank of Montreal Can now owns 66,848 shares of the company’s stock valued at $4,022,000 after purchasing an additional 171 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in US Foods by 54.2% during the third quarter. First Horizon Advisors Inc. now owns 575 shares of the company’s stock valued at $35,000 after purchasing an additional 202 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in US Foods by 2.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,724 shares of the company’s stock valued at $588,000 after purchasing an additional 206 shares during the last quarter. Finally, CIBC Asset Management Inc grew its holdings in US Foods by 3.3% during the third quarter. CIBC Asset Management Inc now owns 7,096 shares of the company’s stock valued at $436,000 after purchasing an additional 226 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have commented on USFD shares. Piper Sandler increased their price target on US Foods from $61.00 to $75.00 and gave the company an “overweight” rating in a report on Monday, November 11th. Barclays increased their price target on US Foods from $82.00 to $85.00 and gave the company an “overweight” rating in a report on Friday. Jefferies Financial Group increased their price target on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. JPMorgan Chase & Co. increased their price objective on US Foods from $68.00 to $69.00 and gave the company a “neutral” rating in a research report on Friday, November 8th. Finally, Melius Research raised US Foods to a “strong-buy” rating in a research report on Wednesday, December 18th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, US Foods presently has a consensus rating of “Buy” and an average target price of $70.17.

US Foods Stock Up 0.2 %

Shares of USFD stock opened at $71.25 on Friday. The stock has a market cap of $16.60 billion, a P/E ratio of 30.58, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. US Foods Holding Corp. has a one year low of $45.24 and a one year high of $73.00. The stock has a fifty day moving average price of $69.02 and a 200 day moving average price of $64.11. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72.

US Foods (NYSE:USFD) last issued its earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 14.15% and a net margin of 1.54%. Analysts predict that US Foods Holding Corp. will post 2.94 earnings per share for the current year.

About US Foods

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.