Geode Capital Management LLC decreased its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,854,463 shares of the company's stock after selling 118,467 shares during the period. Geode Capital Management LLC owned 1.65% of US Foods worth $260,104,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of USFD. Boston Partners raised its stake in US Foods by 0.6% in the fourth quarter. Boston Partners now owns 12,744,006 shares of the company's stock worth $860,460,000 after buying an additional 77,012 shares in the last quarter. Wellington Management Group LLP raised its position in shares of US Foods by 25.2% in the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock worth $744,548,000 after acquiring an additional 2,435,357 shares in the last quarter. State Street Corp lifted its stake in shares of US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after purchasing an additional 316,061 shares during the last quarter. JPMorgan Chase & Co. boosted its position in US Foods by 7.3% during the fourth quarter. JPMorgan Chase & Co. now owns 4,304,310 shares of the company's stock valued at $290,369,000 after purchasing an additional 292,404 shares in the last quarter. Finally, Norges Bank bought a new position in US Foods in the fourth quarter worth about $211,300,000. Institutional investors own 98.76% of the company's stock.
US Foods Stock Performance
NYSE:USFD traded down $1.95 during midday trading on Thursday, hitting $62.82. The company's stock had a trading volume of 369,571 shares, compared to its average volume of 1,964,708. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71. US Foods Holding Corp. has a fifty-two week low of $49.65 and a fifty-two week high of $73.19. The firm's 50 day moving average is $67.33 and its 200-day moving average is $66.62. The firm has a market cap of $14.47 billion, a P/E ratio of 31.16, a P/E/G ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The company reported $0.78 earnings per share for the quarter, missing analysts' consensus estimates of $0.79 by ($0.01). The business had revenue of $9.49 billion during 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%. Equities analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current fiscal year.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in 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 report on Friday, February 14th. StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Morgan Stanley increased their price objective on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a report on Tuesday, January 21st. Piper Sandler boosted their target price on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a research note on Tuesday, February 18th. Finally, Melius Research upgraded US Foods to a "strong-buy" rating in a research note on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus target price of $71.09.
Check Out Our Latest Research Report on US Foods
Insider Activity
In related news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The stock was bought at an average cost of $71.06 per share, with a total value of $284,240.00. Following the completion of the acquisition, 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 transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.70% of the company's stock.
About US Foods
(
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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