Legal & General Group Plc decreased its stake in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 6.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 562,466 shares of the company's stock after selling 39,843 shares during the period. Legal & General Group Plc owned 0.24% of US Foods worth $37,944,000 as of its most recent filing with the SEC.
A number of other institutional investors have also made changes to their positions in the stock. Norges Bank bought a new position in shares of US Foods in the fourth quarter valued at approximately $211,300,000. Artisan Partners Limited Partnership bought a new stake in US Foods during the fourth quarter valued at about $171,107,000. Raymond James Financial Inc. acquired a new stake in shares of US Foods in the fourth quarter valued at about $48,611,000. Arrowstreet Capital Limited Partnership increased its stake in shares of US Foods by 307.1% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 639,558 shares of the company's stock worth $43,145,000 after purchasing an additional 482,461 shares during the period. Finally, Primecap Management Co. CA boosted its stake in US Foods by 129.3% during the 4th quarter. Primecap Management Co. CA now owns 659,021 shares of the company's stock valued at $44,458,000 after purchasing an additional 371,613 shares during the period. 98.76% of the stock is owned by institutional investors.
Insider Buying and Selling at US Foods
In related news, Director David W. Bullock purchased 4,000 shares of the firm's stock in a transaction dated 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 completion of 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 ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 0.70% of the company's stock.
US Foods Price Performance
US Foods stock traded down $0.42 during trading hours on Tuesday, hitting $63.07. 1,301,325 shares of the stock were exchanged, compared to its average volume of 1,982,142. US Foods Holding Corp. has a 12 month low of $49.65 and a 12 month high of $73.19. The business's 50-day moving average is $66.80 and its two-hundred day moving average is $66.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.71 and a current ratio of 1.21. The stock has a market capitalization of $14.54 billion, a P/E ratio of 31.22, a P/E/G ratio of 1.03 and a beta of 1.38.
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 (EPS) 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 business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. Equities research analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Analysts Set New Price Targets
Several research firms have recently weighed in on USFD. Guggenheim reissued a "buy" rating and issued a $80.00 price objective on shares of US Foods in a research report on Monday. Piper Sandler upped their price objective 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. Jefferies Financial Group lifted their target price on US Foods from $79.00 to $82.00 and gave the stock a "buy" rating in a research report on Monday, December 16th. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Melius assumed coverage on US Foods in a research note on Wednesday, December 18th. They issued a "buy" rating and a $12.00 target price for the company. One investment analyst has rated the stock with a hold rating, twelve have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Buy" and an average price target of $71.83.
Read Our Latest Analysis on US Foods
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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