Private Advisor Group LLC Decreases Position in US Foods Holding Corp. (NYSE:USFD)

Private Advisor Group LLC reduced its position in US Foods Holding Corp. (NYSE:USFD - Free Report) by 27.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,918 shares of the company's stock after selling 3,805 shares during the quarter. Private Advisor Group LLC's holdings in US Foods were worth $669,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Public Sector Pension Investment Board raised its position in US Foods by 100.2% in the 3rd quarter. Public Sector Pension Investment Board now owns 6,000 shares of the company's stock valued at $369,000 after purchasing an additional 2,500,000 shares in the last quarter. Wellington Management Group LLP grew its holdings in 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 acquiring an additional 2,435,357 shares in the last quarter. State Street Corp increased its position in shares of US Foods by 4.7% in the 3rd quarter. State Street Corp now owns 7,045,514 shares of the company's stock valued at $433,299,000 after purchasing an additional 316,061 shares during the last quarter. Massachusetts Financial Services Co. MA raised its holdings in shares of US Foods by 4.4% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 6,841,961 shares of the company's stock valued at $420,781,000 after purchasing an additional 291,016 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of US Foods by 6.5% during the 3rd quarter. Geode Capital Management LLC now owns 3,972,930 shares of the company's stock worth $244,401,000 after purchasing an additional 241,900 shares during the last quarter. Institutional investors and hedge funds own 98.76% of the company's stock.

Analyst Upgrades and Downgrades

A number of analysts have issued reports on USFD shares. Piper Sandler lifted their price target on US Foods from $75.00 to $77.00 and gave the stock an "overweight" rating in a report on Tuesday, February 18th. Melius initiated coverage on US Foods in a research note on Wednesday, December 18th. They set a "buy" rating and a $12.00 target price for the company. Morgan Stanley increased their price target on shares of US Foods from $76.00 to $82.00 and gave the company an "overweight" rating in a research note on Tuesday, January 21st. Truist Financial raised their price objective on shares of US Foods from $78.00 to $80.00 and gave the stock a "buy" rating in a report on Friday, February 14th. Finally, Melius Research upgraded shares of US Foods to a "strong-buy" rating in a report on Wednesday, December 18th. One research analyst has rated the stock with a hold rating, eleven have issued a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, US Foods currently has a consensus rating of "Buy" and a consensus price target of $70.33.

US Foods Stock Performance

Shares of NYSE:USFD traded down $1.50 on Thursday, reaching $67.64. The company's stock had a trading volume of 585,872 shares, compared to its average volume of 1,817,360. 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 Holding Corp. has a 52-week low of $49.65 and a 52-week high of $73.19. The stock's 50-day moving average is $69.52 and its two-hundred day moving average is $65.65. The stock has a market capitalization of $15.58 billion, a P/E ratio of 33.47, a PEG ratio of 1.03 and a beta of 1.65.

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

Insiders Place Their Bets

In other US Foods news, Director David W. Bullock bought 4,000 shares of the business's stock in a transaction dated 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 purchase, the director now owns 4,500 shares in the company, valued at approximately $319,770. This represents a 800.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 0.70% of the stock is owned by insiders.

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.