Massachusetts Financial Services Co. MA cut its holdings in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 3.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. 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 about 2.83% of US Foods worth $444,336,000 as of its most recent SEC filing.
A number of other hedge funds also recently modified their holdings of the stock. Diametric Capital LP acquired a new position in shares of US Foods in the fourth quarter valued at approximately $375,000. Nemes Rush Group LLC acquired a new stake in shares of US Foods during the fourth quarter worth $200,000. B. Metzler seel. Sohn & Co. AG boosted its position in shares of US Foods by 24.9% in the fourth quarter. B. Metzler seel. Sohn & Co. AG now owns 111,688 shares of the company's stock valued at $7,534,000 after acquiring an additional 22,236 shares during the period. Meeder Asset Management Inc. grew its stake in shares of US Foods by 1,605.7% in the fourth quarter. Meeder Asset Management Inc. now owns 1,501 shares of the company's stock valued at $101,000 after acquiring an additional 1,413 shares in the last quarter. Finally, O Shaughnessy Asset Management LLC increased its position in US Foods by 17.3% during the fourth quarter. O Shaughnessy Asset Management LLC now owns 13,443 shares of the company's stock worth $907,000 after acquiring an additional 1,982 shares during the period. Institutional investors and hedge funds own 98.76% of the company's stock.
Wall Street Analyst Weigh In
A number of analysts have recently weighed in on the company. Morgan Stanley upped their target price on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research report on Tuesday, January 21st. Barclays lifted their price target on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday, February 14th. Truist Financial lifted their target price 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. StockNews.com cut shares of US Foods from a "strong-buy" rating to a "buy" rating in a research report on Saturday, March 22nd. Finally, UBS Group raised their target price on US Foods from $77.00 to $83.00 and gave the stock a "buy" rating in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating, eleven have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, US Foods has a consensus rating of "Buy" and an average price target of $71.09.
Read Our Latest Analysis on US Foods
Insider Transactions at US Foods
In other news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction on 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 completion of the transaction, the director now directly owns 4,500 shares of the company's stock, valued at approximately $319,770. This trade represents a 800.00 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. Insiders own 0.70% of the company's stock.
US Foods Stock Performance
NYSE USFD traded down $1.90 during trading hours on Monday, reaching $59.87. 1,331,851 shares of the company were exchanged, compared to its average volume of 1,960,275. The business's 50 day simple moving average is $68.23 and its 200-day simple moving average is $66.67. 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 1 year low of $49.65 and a 1 year high of $73.19. The stock has a market capitalization of $13.79 billion, a P/E ratio of 29.55, 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 EPS for the quarter, missing the consensus estimate of $0.79 by ($0.01). The business had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a return on equity of 15.03% and a net margin of 1.30%. On average, equities research analysts expect that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
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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