US Foods Holding Corp. (NYSE:USFD) Shares Sold by Corebridge Financial Inc.

Corebridge Financial Inc. lessened its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 8.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 263,550 shares of the company's stock after selling 25,535 shares during the period. Corebridge Financial Inc. owned approximately 0.11% of US Foods worth $17,779,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of USFD. Boston Partners increased its holdings in US Foods by 0.6% in the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock valued at $860,460,000 after purchasing an additional 77,012 shares during the last quarter. Wellington Management Group LLP boosted its position in shares of US Foods by 25.2% during the third quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock worth $744,548,000 after buying an additional 2,435,357 shares during the period. State Street Corp grew 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 in the last quarter. Geode Capital Management LLC raised its holdings in shares of US Foods by 6.5% in the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock valued at $244,401,000 after buying an additional 241,900 shares during the period. Finally, Charles Schwab Investment Management Inc. lifted its stake in US Foods by 6.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,712,880 shares of the company's stock worth $105,342,000 after acquiring an additional 109,488 shares in the last quarter. 98.76% of the stock is currently owned by hedge funds and other institutional investors.

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Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Barclays lifted their target price on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Melius started coverage on shares of US Foods in a research note on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price on the stock. 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. Morgan Stanley upped their price objective on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Piper Sandler lifted their target price on US Foods from $75.00 to $77.00 and gave the company an "overweight" rating in a report on Tuesday, February 18th. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $71.09.

Insider Activity

In other news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction that occurred on Tuesday, February 18th. The stock was purchased at an average cost 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 $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.70% of the company's stock.

US Foods Stock Down 1.2 %

NYSE:USFD traded down $0.79 during trading hours on Friday, hitting $64.49. The company's stock had a trading volume of 1,929,851 shares, compared to its average volume of 1,969,979. The stock has a market capitalization of $14.86 billion, a P/E ratio of 31.92, a price-to-earnings-growth ratio of 1.03 and a beta of 1.65. 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 has a fifty day moving average of $68.62 and a 200-day moving average of $66.38. US Foods Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19.

US Foods (NYSE:USFD - Get Free Report) last issued 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). The business had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 earnings per share 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.