US Foods Holding Corp. (NYSE:USFD) Position Lessened by Camden National Bank

Camden National Bank trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD) by 5.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,474 shares of the company’s stock after selling 244 shares during the period. Camden National Bank’s holdings in US Foods were worth $302,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ashton Thomas Securities LLC purchased a new stake in shares of US Foods during the third quarter worth $31,000. R Squared Ltd bought a new position in US Foods during the fourth quarter valued at about $34,000. Huntington National Bank raised its holdings in US Foods by 332.5% during the third quarter. Huntington National Bank now owns 532 shares of the company’s stock valued at $33,000 after buying an additional 409 shares in the last quarter. Capital Performance Advisors LLP bought a new position in US Foods during the third quarter valued at about $34,000. Finally, First Horizon Advisors Inc. raised 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 buying an additional 202 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

US Foods Stock Down 1.8 %

USFD stock opened at $65.64 on Friday. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The company has a market cap of $15.12 billion, a PE ratio of 32.49, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The business’s 50-day simple moving average is $69.43 and its 200 day simple moving average is $65.71. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD) last released its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts’ consensus estimates of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, research analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Analysts Set New Price Targets

Several equities analysts have weighed in on USFD shares. UBS Group raised their target price on US Foods from $77.00 to $83.00 and gave the company a “buy” rating in a report on Friday, February 14th. Jefferies Financial Group raised their target price on US Foods from $79.00 to $82.00 and gave the company a “buy” rating in a report on Monday, December 16th. Melius started coverage on US Foods in a report on Wednesday, December 18th. They set a “buy” rating and a $12.00 target price on the stock. Piper Sandler raised their target price on US Foods from $75.00 to $77.00 and gave the company an “overweight” rating in a report on Tuesday, February 18th. Finally, Morgan Stanley raised their price target on US Foods from $76.00 to $82.00 and gave the company an “overweight” rating in a research report on Tuesday, January 21st. One equities research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, US Foods has a consensus rating of “Buy” and a consensus target price of $70.33.

Insider Buying and Selling

In related news, Director David W. Bullock acquired 4,000 shares of the firm’s stock in a transaction on Tuesday, February 18th. The shares were bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, the director now owns 4,500 shares of the company’s stock, valued at $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.70% of the stock is owned by company insiders.

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.