US Foods Holding Corp. (NYSE:USFD) Position Lowered by Bank of New York Mellon Corp

Bank of New York Mellon Corp lowered its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 9.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,758,474 shares of the company's stock after selling 177,678 shares during the quarter. Bank of New York Mellon Corp owned about 0.75% of US Foods worth $118,627,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Retirement Systems of Alabama raised its holdings in shares of US Foods by 5.4% in the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after purchasing an additional 17,897 shares during the period. State Street Corp boosted its stake in shares of US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after buying an additional 316,061 shares during the period. Oppenheimer Asset Management Inc. increased its stake in US Foods by 121.6% in the third quarter. Oppenheimer Asset Management Inc. now owns 51,452 shares of the company's stock valued at $3,164,000 after acquiring an additional 28,232 shares during the last quarter. Jag Capital Management LLC lifted its stake in US Foods by 3,175.1% in the 3rd quarter. Jag Capital Management LLC now owns 169,227 shares of the company's stock valued at $10,407,000 after purchasing an additional 164,060 shares during the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in US Foods in the 3rd quarter valued at approximately $1,141,000. 98.76% of the stock is currently owned by institutional investors.

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US Foods Trading Up 1.4 %

Shares of USFD traded up $0.95 during trading hours on Wednesday, reaching $69.21. 2,269,806 shares of the company traded hands, compared to its average volume of 1,822,717. US Foods Holding Corp. has a 12-month low of $49.65 and a 12-month high of $73.19. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The stock's fifty day moving average price is $69.51 and its 200 day moving average price is $65.62. The firm has a market cap of $15.94 billion, a price-to-earnings ratio of 34.26, a PEG ratio of 1.03 and a beta of 1.65.

US Foods (NYSE:USFD - Get Free Report) last announced its 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). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The business had revenue of $9.49 billion for the quarter, compared to analysts' expectations of $9.47 billion. Sell-side analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share for the current year.

Wall Street Analysts Forecast Growth

USFD has been the subject of several research analyst reports. Truist Financial lifted their price target on shares of US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. UBS Group lifted their price target on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Barclays increased their target price 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. Morgan Stanley increased their target price on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, JPMorgan Chase & Co. raised their price objective on shares of US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday, November 8th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Buy" and a consensus target price of $70.33.

Insider Activity

In other US Foods news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The shares were purchased at an average cost of $71.06 per share, for a total transaction of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares of the company's stock, valued at $319,770. The trade was a 800.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.70% of the company's stock.

About US Foods

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.