Alliancebernstein L.P. cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 315,607 shares of the company's stock after selling 4,347 shares during the period. Alliancebernstein L.P. owned 0.14% of US Foods worth $21,291,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Public Sector Pension Investment Board raised its holdings in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock worth $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Benjamin Edwards Inc. purchased a new position in shares of US Foods during the third quarter valued at about $328,000. HighTower Advisors LLC raised its stake in US Foods by 16.8% in the third quarter. HighTower Advisors LLC now owns 23,419 shares of the company's stock worth $1,442,000 after buying an additional 3,368 shares in the last quarter. Stifel Financial Corp boosted its position in US Foods by 38.4% during the 3rd quarter. Stifel Financial Corp now owns 13,457 shares of the company's stock valued at $828,000 after acquiring an additional 3,734 shares in the last quarter. Finally, State Street Corp grew its holdings in shares of US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after acquiring an additional 316,061 shares during the period. Institutional investors own 98.76% of the company's stock.
Insider Buying and Selling at US Foods
In other news, Director David W. Bullock bought 4,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 0.70% of the company's stock.
US Foods Stock Performance
Shares of US Foods stock traded down $0.09 during trading on Friday, hitting $62.53. 3,766,855 shares of the company's stock traded hands, compared to its average volume of 1,982,449. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The business has a 50-day simple moving average of $66.97 and a 200-day simple moving average of $66.62. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. The stock has a market capitalization of $14.41 billion, a P/E ratio of 30.96, a PEG ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). US Foods had a net margin of 1.30% and a return on equity of 15.03%. The company had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. As a group, analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analysts Set New Price Targets
Several research firms recently weighed in on USFD. Melius Research upgraded US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Barclays raised their target price on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Morgan Stanley boosted their price target on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Truist Financial raised their price objective on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research report on Friday, February 14th. Finally, UBS Group boosted their target price on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of "Buy" and an average price target of $71.09.
View Our Latest Stock Report on USFD
US Foods Profile
(
Free Report)
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.
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