Principal Financial Group Inc. Sells 188,104 Shares of US Foods Holding Corp. (NYSE:USFD)

Principal Financial Group Inc. reduced its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 25.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 565,361 shares of the company's stock after selling 188,104 shares during the quarter. Principal Financial Group Inc. owned about 0.23% of US Foods worth $34,770,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the stock. Vanguard Group Inc. increased its position in US Foods by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 23,019,003 shares of the company's stock worth $1,242,336,000 after purchasing an additional 796,434 shares during the last quarter. Boston Partners grew its holdings in shares of US Foods by 3.5% in the 1st quarter. Boston Partners now owns 16,527,901 shares of the company's stock worth $891,073,000 after purchasing an additional 566,277 shares during the last quarter. Victory Capital Management Inc. grew its stake in US Foods by 5.1% during the second quarter. Victory Capital Management Inc. now owns 10,383,374 shares of the company's stock worth $550,111,000 after buying an additional 500,129 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its position in US Foods by 46.0% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 6,550,945 shares of the company's stock worth $347,069,000 after buying an additional 2,064,321 shares in the last quarter. Finally, Dimensional Fund Advisors LP boosted its position in US Foods by 14.3% in the 2nd quarter. Dimensional Fund Advisors LP now owns 4,528,776 shares of the company's stock valued at $239,940,000 after buying an additional 567,601 shares during the last quarter. Hedge funds and other institutional investors own 98.76% of the company's stock.

Insider Activity

In other US Foods news, CFO Dirk J. Locascio sold 10,000 shares of the business's stock in a transaction dated Thursday, September 12th. The shares were sold at an average price of $57.95, for a total value of $579,500.00. Following the completion of the transaction, the chief financial officer now directly owns 88,563 shares of the company's stock, valued at approximately $5,132,225.85. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.70% of the stock is owned by company insiders.

US Foods Trading Down 0.5 %

Shares of US Foods stock traded down $0.31 during trading on Tuesday, hitting $67.18. The stock had a trading volume of 780,692 shares, compared to its average volume of 1,803,894. US Foods Holding Corp. has a 1 year low of $42.02 and a 1 year high of $68.00. The company has a quick ratio of 0.81, a current ratio of 1.19 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $16.43 billion, a PE ratio of 28.97, a P/E/G ratio of 1.10 and a beta of 1.66. The stock has a 50 day simple moving average of $61.39 and a 200 day simple moving average of $56.40.

Analyst Ratings Changes

Several research analysts have weighed in on the company. UBS Group boosted their price target on US Foods from $67.00 to $77.00 and gave the stock a "buy" rating in a research report on Friday. Wells Fargo & Company lifted their price target on US Foods from $66.00 to $75.00 and gave the company an "overweight" rating in a research note on Wednesday, September 18th. JPMorgan Chase & Co. upped their price target on shares of US Foods from $68.00 to $69.00 and gave the company a "neutral" rating in a research report on Friday. Truist Financial upped their target price on US Foods from $66.00 to $74.00 and gave the stock a "buy" rating in a research report on Friday. Finally, Barclays increased their price objective on shares of US Foods from $71.00 to $78.00 and gave the company an "overweight" rating in a research note on Friday. One research analyst has rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Buy" and a consensus price target of $71.09.

About US Foods

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.