From MarketBeat:

US Foods (NYSE:USFD) was upgraded by StockNews.com from a “buy” rating to a “strong-buy” rating. Several other brokerages have commented on USFD, with analysts currently predicting the stock to have an average rating of “Buy” and a consensus target price of $49.70. The company has a market capitalization of $11.49 billion, with a 1-year low of $33.96 and a 1-year high of $46.99.

US Foods last released its earnings results on November 9th, reporting earnings per share of $0.65 for the quarter, which was in line with analysts’ consensus estimates. The company had revenue of $9.11 billion during the quarter. Analysts predict US Foods will post 2.49 earnings per share for the current fiscal year.

In related news, Director Scott D. Ferguson sold 3,000,000 shares of the company’s stock in a transaction on Monday, December 11th. The stock sold at an average price of $43.87, with insiders owning 1.00% of the company’s stock.

Several hedge funds and other institutional investors have added to or reduced their stakes in USFD. BlackRock Inc. grew its stake in US Foods by 110.7% in the first quarter. Other investors include Victory Capital Management Inc., State Street Corp, and Norges Bank, with 98.69% of USFD owned by institutional investors.

US Foods Holding Corp. engages in marketing, sale, and distribution of food and non-food products to foodservice customers in the United States. Its 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, and more.



Read more: US Foods (NYSE:USFD) Upgraded to Strong-Buy at StockNews.com