California Public Employees Retirement System cut its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 425,484 shares of the company's stock after selling 23,868 shares during the period. California Public Employees Retirement System owned 0.18% of US Foods worth $28,703,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Schroder Investment Management Group boosted its holdings in shares of US Foods by 7.4% during the 4th quarter. Schroder Investment Management Group now owns 11,029 shares of the company's stock worth $746,000 after buying an additional 761 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its stake in US Foods by 307.1% during the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock worth $43,145,000 after acquiring an additional 482,461 shares in the last quarter. Pertento Partners LLP grew its holdings in US Foods by 13.1% in the fourth quarter. Pertento Partners LLP now owns 1,431,190 shares of the company's stock worth $96,548,000 after purchasing an additional 166,016 shares during the period. Intrust Bank NA acquired a new stake in US Foods in the fourth quarter worth $310,000. Finally, Brown Brothers Harriman & Co. boosted its position in shares of US Foods by 2.0% during the 4th quarter. Brown Brothers Harriman & Co. now owns 13,878 shares of the company's stock worth $936,000 after purchasing an additional 278 shares in the last quarter. Institutional investors own 98.76% of the company's stock.
Insider Activity
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. Company insiders own 0.70% of the company's stock.
US Foods Trading Down 5.0 %
USFD traded down $3.22 on Friday, hitting $61.80. 3,361,588 shares of the company were exchanged, compared to its average volume of 1,962,604. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The firm has a fifty day simple moving average of $68.23 and a two-hundred day simple moving average of $66.59. The stock has a market capitalization of $14.24 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last issued its earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) 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 the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Analysts Set New Price Targets
USFD has been the subject of a number of research analyst reports. Melius Research raised US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Barclays upped their target price on US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. Piper Sandler lifted their price target on shares of US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a research report on Tuesday, February 18th. Truist Financial upped their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Melius initiated coverage on shares of US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price objective for the company. One research analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $71.09.
Check Out Our Latest Report on US Foods
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.
Recommended Stories
Before you consider US Foods, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and US Foods wasn't on the list.
While US Foods currently has a Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat has just released its list of 20 stocks that Wall Street analysts hate. These companies may appear to have good fundamentals, but top analysts smell something seriously rotten. Are any of these companies lurking around your portfolio?
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
