CIBC Private Wealth Group LLC trimmed its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 2.9% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 684,348 shares of the company's stock after selling 20,157 shares during the quarter. CIBC Private Wealth Group LLC owned about 0.29% of US Foods worth $46,686,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also recently modified their holdings of USFD. Norges Bank purchased a new position in US Foods during the 4th quarter worth approximately $211,300,000. Artisan Partners Limited Partnership purchased a new position in shares of US Foods during the fourth quarter worth $171,107,000. Public Sector Pension Investment Board raised its holdings in shares of US Foods by 100.2% during the third 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 during the last quarter. Wellington Management Group LLP lifted its position in US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock valued at $744,548,000 after purchasing an additional 2,435,357 shares during the period. Finally, Raymond James Financial Inc. purchased a new stake in US Foods in the fourth quarter valued at $48,611,000. Institutional investors and hedge funds own 98.76% of the company's stock.
Insiders Place Their Bets
In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm'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 purchase, the director now directly owns 4,500 shares of the company's stock, valued at $319,770. This trade represents a 800.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 0.70% of the stock is currently owned by corporate insiders.
US Foods Price Performance
Shares of USFD traded up $0.52 during mid-day trading on Tuesday, hitting $65.98. 1,094,849 shares of the company were exchanged, compared to its average volume of 1,964,642. 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 1-year low of $49.65 and a 1-year high of $73.19. The stock has a market cap of $15.20 billion, a price-to-earnings ratio of 32.66, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. The company has a 50 day moving average of $68.50 and a 200-day moving average of $66.59.
US Foods (NYSE:USFD - Get Free Report) last released 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 net margin of 1.30% and a return on equity of 15.03%. The firm had revenue of $9.49 billion during the quarter, compared to analysts' expectations of $9.47 billion. Analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analysts Set New Price Targets
Several equities analysts have recently issued reports on the company. Piper Sandler boosted their price objective on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. Barclays boosted their price target on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Melius Research raised shares of US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. Morgan Stanley boosted their target price on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Finally, UBS Group raised their price target on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a research report on Friday, February 14th. One investment 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's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Buy" and a consensus price target of $71.09.
Get Our Latest Stock Analysis 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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