Massachusetts Financial Services Co. MA lowered its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,586,655 shares of the company's stock after selling 255,306 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 2.83% of US Foods worth $444,336,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in USFD. Legacy Wealth Asset Management LLC boosted its stake in US Foods by 4.0% during 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 last quarter. Arizona State Retirement System boosted its position 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 acquiring an additional 170 shares during the last quarter. Bank of Montreal Can grew its stake in US Foods by 0.3% during the 3rd quarter. Bank of Montreal Can now owns 66,848 shares of the company's stock valued at $4,022,000 after acquiring an additional 171 shares in the last quarter. EverSource Wealth Advisors LLC raised its holdings in US Foods by 59.5% in the 4th 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. Finally, Vestcor Inc lifted its stake in 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 purchasing an additional 195 shares in the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.
US Foods Stock Down 5.0 %
Shares of USFD traded down $3.22 during midday trading on Friday, hitting $61.80. The company had a trading volume of 3,361,588 shares, compared to its average volume of 1,964,117. The company's 50-day simple moving average is $68.23 and its 200-day simple moving average is $66.59. 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 firm has a market capitalization of $14.24 billion, a P/E ratio of 30.59, a P/E/G ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The company reported $0.78 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The firm had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. As a group, sell-side analysts expect that US Foods Holding Corp. will post 3.59 EPS for the current year.
Analysts Set New Price Targets
A number of research firms have recently issued reports on USFD. Jefferies Financial Group upped their price target on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Melius assumed coverage on shares of US Foods in a research report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price target on the stock. UBS Group raised their price objective on shares of US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. StockNews.com downgraded US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, Barclays increased their price objective on shares of US Foods from $82.00 to $85.00 and gave the stock an "overweight" rating in a research report on Friday, February 14th. One investment 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. According to data from MarketBeat.com, US Foods has a consensus rating of "Buy" and an average price target of $71.09.
Check Out Our Latest Research Report on USFD
Insider Activity at US Foods
In other US Foods news, Director David W. Bullock acquired 4,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were acquired at an average price of $71.06 per share, for a total transaction of $284,240.00. Following the acquisition, the director now owns 4,500 shares in the company, valued at $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.70% of the stock is currently owned by corporate insiders.
US Foods Profile
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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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