US Foods Holding Corp. $USFD Stock Sold by Pictet Asset Management Holding SA

Pictet Asset Management Holding SA lessened its position in shares of US Foods Holding Corp. (NYSE:USFD) by 27.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 272,830 shares of the company’s stock after selling 104,812 shares during the quarter. Pictet Asset Management Holding SA owned approximately 0.13% of US Foods worth $25,158,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Keating Financial Advisory Services Inc. bought a new stake in US Foods in the 2nd quarter valued at $27,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new stake in shares of US Foods during the 2nd quarter valued at about $28,000. Elevation Wealth Partners LLC boosted its position in shares of US Foods by 131.7% during the 3rd quarter. Elevation Wealth Partners LLC now owns 292 shares of the company’s stock valued at $27,000 after acquiring an additional 166 shares in the last quarter. Burkett Financial Services LLC bought a new stake in US Foods in the third quarter valued at about $30,000. Finally, Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in US Foods in the second quarter valued at about $39,000. 98.76% of the stock is currently owned by institutional investors.

US Foods Stock Performance

NYSE USFD opened at $109.77 on Thursday. The firm has a market cap of $23.57 billion, a price-to-earnings ratio of 26.34, a PEG ratio of 1.42 and a beta of 0.87. The company has a 50 day moving average of $99.45 and a 200-day moving average of $95.40. The company has a current ratio of 1.11, a quick ratio of 0.68 and a debt-to-equity ratio of 1.14. US Foods Holding Corp. has a 1-year low of $69.88 and a 1-year high of $112.57.

US Foods (NYSE:USFD) last announced its earnings results on Thursday, November 5th. The company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.25 by $0.01. The business had revenue of $10.40 billion for the quarter, compared to the consensus estimate of $10.58 billion. US Foods had a return on equity of 21.37% and a net margin of 1.97%. US Foods’s revenue was up 2.1% compared to the same quarter last year. During the same period in the previous year, the business earned $1.07 EPS. On average, equities analysts forecast that US Foods Holding Corp. will post 4.45 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on USFD. TD Cowen upped their price objective on US Foods from $119.00 to $125.00 and gave the company a “buy” rating in a research note on Thursday, November 5th. BMO Capital Markets restated an “outperform” rating and set a $120.00 target price on shares of US Foods in a research report on Friday, August 7th. BTIG Research reaffirmed a “buy” rating and issued a $120.00 price target on shares of US Foods in a research note on Friday, November 6th. Weiss Ratings upgraded US Foods from a “buy (b)” rating to a “buy (a-)” rating in a research report on Friday, October 23rd. Finally, UBS Group upped their price target on US Foods from $117.00 to $127.00 and gave the company a “buy” rating in a research report on Friday, August 7th. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have given a Hold rating to the stock. Based on data from MarketBeat, US Foods has an average rating of “Moderate Buy” and a consensus target price of $115.31.

US Foods Company Profile

US Foods Holding Corp. is a foodservice distributor that supplies restaurants and other foodservice businesses across the United States. Its customers include independent restaurants, healthcare and senior-care facilities, hotels, educational institutions, and government organizations. The company distributes a broad range of products, including fresh and frozen foods, meat, seafood, produce, dairy, beverages, and nonfood supplies. It also offers services and digital tools intended to help customers manage menus, purchasing, and kitchen operations.