USFD US Foods Holding Corp

During the third quarter, Congress Asset Management Co. drastically reduced its stake in US Foods Holding Corp. ($USFD) by 98.2%, selling over 984,000 shares and leaving a remaining holding valued at approximately $1.42 million. Despite this reduction, analysts maintain a largely bullish stance with a consensus "Buy" rating and an average price target of $89. The company also recently surpassed EPS estimates for the quarter, reporting $1.07 against expectations of $1.05 an revenue of $10.19 billion.

US Foods Holding Corp. (NYSE:USFD) currently has a high price-to-earnings (P/E) ratio of 30.9x, suggesting bearish signals compared to the broader US market. However, this high P/E is linked to strong anticipated earnings growth, with analysts forecasting a 34% annual increase over the next three years, significantly outpacing the market's projected 11% growth. This optimistic outlook on future performance is likely supporting the current valuation, indicating that investors expect continued robust growth.

Argent Capital Management LLC recently acquired 51,494 shares of US Foods Holding Corp. (USFD), valued at approximately $3.95 million, marking a new position for the firm in Q3. This comes as institutional ownership in US Foods stands at nearly 98.76%, with insiders holding a mere 0.60%. US Foods has shown positive financial results, beating EPS estimates and demonstrating revenue growth, leading analysts to maintain a consensus "Buy" rating for the stock.

US Foods Holding Corp. currently has a high P/E ratio of 30.9x, suggesting bearish signals compared to the market average due to slower earnings growth. However, analysts predict significant future earnings growth of 34% annually, justifying the high P/E as investors anticipate a more prosperous future. This indicates that investors are not inclined to sell given the company's superior earnings outlook.

Assenagon Asset Management S.A. has reduced its stake in US Foods Holding Corp. by 29.1%, selling 24,302 shares and retaining 59,172 shares valued at $4.53 million. This comes as other large institutions like Norges Bank and Primecap have significantly increased their positions in US Foods, leading to 98.76% institutional ownership. Despite an insider selling a substantial number of shares, analysts maintain a consensus "Buy" rating for US Foods with an average price target of $89.

US Foods Holding Corp. announced that CEO Dave Flitman and CFO Dirk Locascio will participate in a fireside chat at the 28th Annual ICR Conference on January 12th at 4:30 p.m. EST. A live audio webcast will be available on the company’s investor relations page, with a replay accessible later the same day.