Mitsubishi UFJ Trust & Banking Corp trimmed its position in shares of US Foods Holding Corp. (NYSE:USFD - Free Report) by 42.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 12,367 shares of the company's stock after selling 9,165 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp's holdings in US Foods were worth $834,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Boston Partners raised its position in US Foods by 0.6% during the 4th quarter. Boston Partners now owns 12,744,006 shares of the company's stock worth $860,460,000 after purchasing an additional 77,012 shares during the last quarter. Wellington Management Group LLP lifted its stake in shares of US Foods by 25.2% in the third 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 during the period. State Street Corp boosted its holdings in US Foods by 4.7% in the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after acquiring an additional 316,061 shares during the last quarter. Geode Capital Management LLC increased its position in US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock valued at $244,401,000 after purchasing an additional 241,900 shares during the period. Finally, Raymond James Financial Inc. bought a new position in US Foods during the 4th quarter worth approximately $48,611,000. 98.76% of the stock is currently owned by institutional investors.
Insider Activity
In related news, Director David W. Bullock purchased 4,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the transaction, the director now owns 4,500 shares of the company's stock, valued at $319,770. This represents a 800.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 0.70% of the company's stock.
US Foods Stock Down 5.0 %
NYSE USFD traded down $3.22 during mid-day trading on Friday, hitting $61.80. The company's stock had a trading volume of 3,361,588 shares, compared to its average volume of 1,962,604. The company has a current ratio of 1.21, a quick ratio of 0.71 and a debt-to-equity ratio of 1.06. The company's 50 day simple moving average is $68.23 and its 200 day simple moving average is $66.63. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The firm has a market capitalization of $14.24 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.03 and a beta of 1.38.
US Foods (NYSE:USFD - Get Free Report) last posted its 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 business had revenue of $9.49 billion for the quarter, compared to the consensus estimate of $9.47 billion. Analysts anticipate that US Foods Holding Corp. will post 3.59 earnings per share for the current year.
Analysts Set New Price Targets
Several equities research analysts have recently weighed in on USFD shares. Morgan Stanley increased their price objective on shares of US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Melius started coverage on US Foods in a report on Wednesday, December 18th. They set a "buy" rating and a $12.00 price target for the company. Jefferies Financial Group upped their target price on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Piper Sandler raised 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, StockNews.com cut 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, eleven have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, US Foods currently has an average rating of "Buy" and an average target price of $71.09.
Read Our Latest Stock Analysis on US Foods
US Foods Company Profile
(
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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