Sciencast Management LP lessened its holdings in US Foods Holding Corp. (NYSE:USFD - Free Report) by 63.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,498 shares of the company's stock after selling 29,109 shares during the quarter. Sciencast Management LP's holdings in US Foods were worth $1,113,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Retirement Systems of Alabama raised its stake in shares of US Foods by 5.4% during the 3rd quarter. Retirement Systems of Alabama now owns 348,979 shares of the company's stock valued at $21,462,000 after buying an additional 17,897 shares during the last quarter. State Street Corp grew its holdings in US Foods by 4.7% during the third quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after acquiring an additional 316,061 shares during the period. Longbow Finance SA purchased a new position in US Foods during the fourth quarter valued at approximately $9,001,000. Dynamic Technology Lab Private Ltd acquired a new position in US Foods in the third quarter valued at approximately $1,141,000. Finally, Verition Fund Management LLC boosted its position in US Foods by 14.6% in the 3rd quarter. Verition Fund Management LLC now owns 885,606 shares of the company's stock worth $54,465,000 after purchasing an additional 112,701 shares in the last quarter. 98.76% of the stock is owned by hedge funds and other institutional investors.
Insider Transactions at US Foods
In other US Foods news, Director David W. Bullock bought 4,000 shares of the firm's stock in a transaction on Tuesday, February 18th. The shares were acquired at an average cost of $71.06 per share, with a total value of $284,240.00. Following the purchase, the director now directly owns 4,500 shares of the company's stock, valued at $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 hyperlink. Insiders own 0.70% of the company's stock.
US Foods Price Performance
USFD stock traded down $0.33 during trading on Thursday, hitting $65.28. The stock had a trading volume of 1,273,588 shares, compared to its average volume of 1,895,044. The company's 50-day moving average price is $68.75 and its two-hundred day moving average price is $66.34. US Foods Holding Corp. has a twelve month low of $49.65 and a twelve month high of $73.19. The stock has a market capitalization of $15.04 billion, a P/E ratio of 32.32, a PEG ratio of 1.03 and a beta of 1.65. The company has a debt-to-equity ratio of 1.06, a current ratio of 1.21 and a quick ratio of 0.71.
US Foods (NYSE:USFD - Get Free Report) last issued its quarterly earnings results on Thursday, February 13th. The company reported $0.78 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $9.47 billion. As a group, research analysts predict that US Foods Holding Corp. will post 3.59 EPS for the current fiscal year.
Wall Street Analysts Forecast Growth
Several equities analysts have recently weighed in on the stock. UBS Group lifted their target price on shares of US Foods from $77.00 to $83.00 and gave the company a "buy" rating in a report on Friday, February 14th. Jefferies Financial Group raised their price target on shares of US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research report on Monday, December 16th. Melius began coverage on shares of US Foods in a research report on Wednesday, December 18th. They issued a "buy" rating and a $12.00 price objective for the company. Barclays raised their target price on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research report on Friday, February 14th. Finally, Truist Financial lifted their price target on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday, February 14th. One investment analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Buy" and a consensus target price of $71.09.
View Our Latest Stock Report on US Foods
US Foods Company 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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