American Century Companies Inc. Cuts Stock Holdings in US Foods Holding Corp. (NYSE:USFD)

American Century Companies Inc. reduced its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 30.9% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 238,530 shares of the company's stock after selling 106,577 shares during the period. American Century Companies Inc. owned approximately 0.10% of US Foods worth $16,091,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. Cerity Partners LLC raised its holdings in shares of US Foods by 79.3% during the 3rd quarter. Cerity Partners LLC now owns 33,735 shares of the company's stock valued at $2,075,000 after buying an additional 14,920 shares in the last quarter. Bank of Montreal Can grew its holdings in shares of US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after purchasing an additional 171 shares during the last quarter. The Manufacturers Life Insurance Company lifted its stake in US Foods by 2.1% in the third quarter. The Manufacturers Life Insurance Company now owns 189,424 shares of the company's stock worth $11,650,000 after purchasing an additional 3,836 shares during the last quarter. BNP Paribas Financial Markets boosted its position in US Foods by 2,338.8% during the third quarter. BNP Paribas Financial Markets now owns 233,806 shares of the company's stock valued at $14,379,000 after buying an additional 224,219 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of US Foods by 1.1% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 50,815 shares of the company's stock valued at $3,125,000 after buying an additional 549 shares during the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at US Foods

In related news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction that occurred on Tuesday, February 18th. The stock was bought at an average price of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now directly owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

USFD has been the subject of several analyst reports. StockNews.com cut US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. UBS Group increased their price objective on US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research note on Friday, February 14th. Truist Financial lifted their target price on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research note on Friday, February 14th. Jefferies Financial Group upped their price target on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a report on Monday, December 16th. Finally, Barclays boosted their price objective on shares of US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Buy" and an average target price of $71.09.

US Foods Stock Down 3.1 %

Shares of USFD stock traded down $2.08 during midday trading on Thursday, reaching $65.00. 3,320,431 shares of the stock were exchanged, compared to its average volume of 1,969,949. US Foods Holding Corp. has a 1 year low of $49.65 and a 1 year high of $73.19. The firm has a market cap of $14.97 billion, a PE ratio of 32.18, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38. The company's 50 day moving average is $68.46 and its two-hundred day moving average is $66.59. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing the consensus estimate of $0.79 by ($0.01). The firm had revenue of $9.49 billion during the quarter, compared to analysts' expectations of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, equities research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current year.

US Foods Company 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.