Hsbc Holdings PLC Buys 364,295 Shares of US Foods Holding Corp. (NYSE:USFD)

Hsbc Holdings PLC lifted its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 4,602.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 372,211 shares of the company's stock after acquiring an additional 364,295 shares during the quarter. Hsbc Holdings PLC owned approximately 0.16% of US Foods worth $25,193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in USFD. Legacy Wealth Asset Management LLC lifted its position in shares of US Foods by 4.0% in the 4th quarter. Legacy Wealth Asset Management LLC now owns 4,134 shares of the company's stock worth $279,000 after purchasing an additional 160 shares during the period. Arizona State Retirement System raised its stake in US Foods by 0.3% during the fourth quarter. Arizona State Retirement System now owns 67,426 shares of the company's stock worth $4,549,000 after buying an additional 170 shares during the last quarter. EverSource Wealth Advisors LLC boosted its position in US Foods by 59.5% during the fourth quarter. EverSource Wealth Advisors LLC now owns 477 shares of the company's stock valued at $32,000 after acquiring an additional 178 shares during the last quarter. GeoWealth Management LLC boosted its position in US Foods by 94.5% during the fourth quarter. GeoWealth Management LLC now owns 389 shares of the company's stock valued at $26,000 after acquiring an additional 189 shares during the last quarter. Finally, Vestcor Inc raised its position in shares of US Foods by 1.0% in the 4th quarter. Vestcor Inc now owns 20,200 shares of the company's stock worth $1,363,000 after acquiring an additional 195 shares in the last quarter. 98.76% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts recently commented on the company. Barclays upped 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. Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. UBS Group boosted their target price 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. Guggenheim restated a "buy" rating and issued a $80.00 price target on shares of US Foods in a report on Monday, April 14th. Finally, StockNews.com lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. One equities research analyst has rated the stock with a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock has an average rating of "Buy" and a consensus price target of $71.83.

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock acquired 4,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the transaction, the director now owns 4,500 shares in the company, valued at approximately $319,770. This trade represents a 800.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 0.60% of the stock is currently owned by insiders.

US Foods Stock Down 0.3 %

USFD stock opened at $64.41 on Friday. The firm has a market capitalization of $14.85 billion, a PE ratio of 31.89, a P/E/G ratio of 1.03 and a beta of 1.38. The company has a quick ratio of 0.71, a current ratio of 1.21 and a debt-to-equity ratio of 1.06. US Foods Holding Corp. has a twelve month low of $50.05 and a twelve month high of $73.19. The stock's 50 day moving average is $65.44 and its 200-day moving average is $66.70.

US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings data 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 company had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. Sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

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.

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