Nomura Asset Management Co. Ltd. Sells 22,500 Shares of US Foods Holding Corp. (NYSE:USFD)

Nomura Asset Management Co. Ltd. decreased its stake in US Foods Holding Corp. (NYSE:USFD - Free Report) by 29.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 53,461 shares of the company's stock after selling 22,500 shares during the period. Nomura Asset Management Co. Ltd.'s holdings in US Foods were worth $3,606,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in USFD. EverSource Wealth Advisors LLC lifted its stake in shares of 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. R Squared Ltd bought a new position in US Foods in the fourth quarter valued at about $34,000. Smartleaf Asset Management LLC raised its position in US Foods by 50.2% in the fourth quarter. Smartleaf Asset Management LLC now owns 727 shares of the company's stock valued at $49,000 after purchasing an additional 243 shares during the last quarter. J.Safra Asset Management Corp boosted its stake in shares of US Foods by 38.5% during the fourth quarter. J.Safra Asset Management Corp now owns 806 shares of the company's stock valued at $55,000 after purchasing an additional 224 shares in the last quarter. Finally, Versant Capital Management Inc grew its holdings in shares of US Foods by 112.2% during the fourth quarter. Versant Capital Management Inc now owns 855 shares of the company's stock worth $58,000 after purchasing an additional 452 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Remove Ads

Insider Activity

In other news, Director David W. Bullock acquired 4,000 shares of US Foods stock in a transaction on Tuesday, February 18th. The stock was purchased at an average price of $71.06 per share, with a total value of $284,240.00. Following the completion of the purchase, the director now owns 4,500 shares of the company's stock, valued at approximately $319,770. The trade was a 800.00 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company's stock.

US Foods Trading Down 5.0 %

NYSE USFD traded down $3.22 during trading hours on Friday, hitting $61.80. 3,361,588 shares of the company's stock were exchanged, compared to its average volume of 1,962,604. The firm has a market cap of $14.24 billion, a price-to-earnings ratio of 30.59, a PEG ratio of 1.03 and a beta of 1.38. The stock has a 50-day simple moving average of $68.23 and a 200 day simple moving average of $66.63. The company has a current ratio of 1.21, a quick ratio of 0.71 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.

US Foods (NYSE:USFD - Get Free Report) last announced 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). US Foods had a return on equity of 15.03% and a net margin of 1.30%. The company had revenue of $9.49 billion for the quarter, compared to analyst estimates of $9.47 billion. On average, equities analysts forecast that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities research analysts recently commented on USFD shares. Jefferies Financial Group lifted their target price on shares of 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 lowered shares of US Foods from a "strong-buy" rating to a "buy" rating in a report on Saturday, March 22nd. Barclays increased their price objective on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a report on Friday, February 14th. Morgan Stanley raised their target price on US Foods from $76.00 to $82.00 and gave the stock an "overweight" rating in a research report on Tuesday, January 21st. Finally, Melius started coverage on US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price target on the stock. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and a consensus target price of $71.09.

US Foods Company Profile

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.