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

Ironwood Investment Counsel LLC lowered its position in US Foods Holding Corp. (NYSE:USFD) by 5.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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 reporting period.

Other large investors also recently modified their holdings of the company. Lord Abbett & CO. LLC bought a new stake in shares of US Foods in the first quarter worth $22,937,000. State of Alaska Department of Revenue grew its holdings in US Foods by 138.6% during the fourth quarter. State of Alaska Department of Revenue now owns 64,425 shares of the company’s stock valued at $2,925,000 after purchasing an additional 37,425 shares during the period. Nordea Investment Management AB grew its holdings in US Foods by 102.1% during the fourth quarter. Nordea Investment Management AB now owns 109,958 shares of the company’s stock valued at $4,991,000 after purchasing an additional 55,554 shares during the period. Entropy Technologies LP bought a new stake in US Foods during the first quarter valued at about $232,000. Finally, Oak Thistle LLC bought a new stake in US Foods during the fourth quarter valued at about $1,639,000. Institutional investors own 98.76% of the company’s stock.

US Foods Price Performance

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

US Foods (NYSE:USFD) last posted its earnings results on Thursday, May 9th. The company reported $0.48 EPS for the quarter, missing analysts’ consensus estimates of $0.49 by ($0.01). The firm had revenue of $8.95 billion during the quarter, compared to analysts’ expectations of $8.93 billion. US Foods had a return on equity of 13.08% and a net margin of 1.41%. Research analysts expect that US Foods Holding Corp. will post 2.94 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the company. Morgan Stanley boosted their price target on US Foods from $62.00 to $64.00 and gave the company an “overweight” rating in a report on Friday, May 10th. Barclays boosted their price target 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. boosted their price target on US Foods from $52.00 to $58.00 and gave the company a “neutral” rating in a report on Monday, June 3rd. UBS Group upped their price objective on US Foods from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Friday, May 10th. Finally, Wells Fargo & Company upped their price objective on US Foods from $63.00 to $66.00 and gave the stock an “overweight” rating in a research note on Thursday, June 6th. One investment analyst has rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, US Foods presently has an average rating of “Buy” and an average target price 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.