Sumitomo Mitsui Trust Group Inc. Invests $560,000 in US Foods Holding Corp. (NYSE:USFD)

Sumitomo Mitsui Trust Group Inc. purchased a new stake in US Foods Holding Corp. (NYSE:USFD - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund purchased 8,300 shares of the company's stock, valued at approximately $560,000.

A number of other institutional investors have also made changes to their positions in USFD. Wellington Management Group LLP grew its position in shares of US Foods by 25.2% during the 3rd quarter. Wellington Management Group LLP now owns 12,106,472 shares of the company's stock worth $744,548,000 after buying an additional 2,435,357 shares during the period. State Street Corp grew its position in shares of US Foods by 4.7% during the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock worth $433,299,000 after buying an additional 316,061 shares during the period. Massachusetts Financial Services Co. MA grew its position in shares of US Foods by 4.4% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock worth $420,781,000 after buying an additional 291,016 shares during the period. Geode Capital Management LLC grew its position in shares of US Foods by 6.5% in 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, Congress Asset Management Co. acquired a new position in shares of US Foods in the 3rd quarter valued at approximately $121,196,000. 98.76% of the stock is owned by institutional investors.

US Foods Price Performance

Shares of USFD stock traded down $0.28 on Tuesday, hitting $70.97. 734,357 shares of the company's stock were exchanged, compared to its average volume of 1,939,660. The company has a debt-to-equity ratio of 1.01, a current ratio of 1.19 and a quick ratio of 0.72. US Foods Holding Corp. has a 12 month low of $49.64 and a 12 month high of $73.00. The stock has a market cap of $16.53 billion, a P/E ratio of 30.46, a price-to-earnings-growth ratio of 0.95 and a beta of 1.67. The company has a 50 day moving average of $69.05 and a 200 day moving average of $64.30.

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). The firm had revenue of $9.49 billion during the quarter, compared to the consensus estimate of $9.47 billion. US Foods had a net margin of 1.54% and a return on equity of 14.15%. On average, equities research analysts predict that US Foods Holding Corp. will post 2.94 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on USFD. Melius Research upgraded US Foods to a "strong-buy" rating in a research report on Wednesday, December 18th. Barclays boosted their target price on US Foods from $82.00 to $85.00 and gave the company an "overweight" rating in a research note on Friday. Jefferies Financial Group boosted their target price on US Foods from $79.00 to $82.00 and gave the company a "buy" rating in a research note on Monday, December 16th. Truist Financial boosted their target price on US Foods from $78.00 to $80.00 and gave the company a "buy" rating in a research note on Friday. Finally, Morgan Stanley boosted their target price on US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. One analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, US Foods presently has a consensus rating of "Buy" and a consensus target price of $70.33.

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.